1. NAME OF COURSE  / MODULE COST ACCOUNTING
2. COURSE CODE MAC2013
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This course offers an introduction to the fundamentals of management accounting. It will introduce students the nature and purpose of cost accounting in relation to industrial situations; highlights common practices of job order cost accounting, processes, absorption and marginal costing, and activity-based costing.
5. SEMESTER & YEAR OFFERED Semester 2 / Year 1
6. TOTAL STUDENT LEARNING TIME (SLT) Face to face:

L T P E SL
28 12 3 5 72

L=lecture ; T=Tutorial; P=Practical; E= Exam, SL= Self-directed Learning

Total Guided and Independent Learning:

120
7. CREDIT VALUE 120/40 = 3.00 (3 credit); 2+2
8. PREREQUISITE (IF ANY) MAB1013 Principles of Accounting
9. OBJECTIVES 1.     To enable students to distinguish the roles of management accounting from financial accounting within an organization.

2.     To familiarize and provide students with basic cost classifications and cost behaviour.

3.     To enable students to apply the various costing methods for product and service.

4.     To enable students to apply CVP in business decision making.

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1.     Explain the role of management accounting within an organisation compared to financial accounting. (LO1-C2).

2.     Explain basic cost classifications and cost behaviour. (LO2-P3; LO3–CTPS2 – C2; LO7 – LL2- A3 – P2).

3.     Apply the various costing methods for product and service. (LO3 – CTPS3- C3).

4.     Explain the concept of CVP analysis and its application in business decision making (LO1-C3).

11. TRANSFERABLE SKILLS The syllabus is designed to develop communication, presentation and teamwork skills. It also enhances the IT skills through application of spreadsheet.

The syllabus is assessed by a three-hour paper-based examination, tests, quizzes, group-based project, and presentation. Questions will assess all parts of the syllabus and will include computational and non-computational elements.

12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning methods:

·      Face to face interactions during lecturers, tutorials

·      SCL and presentations

Suggested assessment:

·      Assignments, internal examinations

·      Presentation rubric

13. SYNOPSIS This course introduces the basic concepts, terminologies, principles and methods of cost accounting at operational level. This includes introduction of cost elements, basic cost accumulation techniques and various costing methods, including contemporary approaches in arriving at the cost of products produced or services rendered.
14. MODE OF DELIVERY Lecture, tutorial and SCL, and presentation
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessments 50
Final Examination 50
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
Topic L T P E SL Total
1.     Management Information 2 2
2.     Cost Management Concepts and Classification 2 2
3.     Manufacturing Costs 4 2 8
4.     Cost Estimations 2 1 4
5.     Product Costing Systems 2 1 4
6.     Process Costing 4 2 8
Midterm Exam 2 6 2
7.     Service Costing 2 1 4
8.     Overhead Costing 2 1 4
9.     Activity-Based Costing 2 1 4
10.   Absorption and Marginal/Variable Costing 2 1 4
11.   Cost Volume Profit Analysis 4 2 8
12.   Practical or site visit 3 5
Final Exam 3 9 3
Total 28 12 3 5 72 120
17. REFERENCES Main reference:

1.     Langfield-Smith.  2013. Management Accounting. McGraw Hill.

Additional references:

1.     Garrison, R.H., Noreen, E.E., Brewer, P.C., Cheng, N.S., Yuen, C.K.  2013. Management Accounting. McGraw Hill.

2.     Horngren, C.T, S. M. Datar, G. Foster, M. Rajan & C. Ittner. 2009. Cost Accounting: A Managerial Emphasis. 13th Edition. Pearson.

3.     Drury, C. 2011. Cost and Management Accounting. 7th Edition. Thomson Publishing.

4.     Hongren, C.T., Sundem, G.L. & Stratton, W.O., Burgstahler, D., Schatzberg, J.  2011. Introduction to Management Accounting. 13th Edition. Pearson Education Limited.