1. NAME OF COURSE /MODULE MANAGEMENT ACCOUNTING
2. COURSE CODE MAC3013
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This course offers to the non-accounting students in Faculty of Economics and Muamalat. This course aims to provide an understanding and application of the managerial accounting concepts to assist future managers in managing any business. Starting with the basic concepts, this course will give emphasis on the final decision making at the end of each topic discussed. More emphasis is given on the topics of resource allocation, controls, price determination and financial performance evaluation.
5. SEMESTER & YEAR OFFERED Semester 4/ Year 2
6. TOTAL STUDENT LEARNING TIME (SLT)

 

 

Face to face:

L T P O
28 23 8

L=lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

120 Hours
7. CREDIT VALUE 120/40 = 3.00 (3 credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1.To enable students to know the different forms of business and its reporting environment.

2.To enable students to identify the basic steps in the recording process and develop skills in preparing management accounting reports systematically.

3.To enable students to prepare management accounting report and budgeting report for a business entity.

4.To provide students with a basic knowledge and understanding of cost accounting and understanding of cost accounting concepts and costing method.

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

1.Describe the managerial accounting concepts for resource allocation in business operations. (LO2–C2)

2.Explain costing term and its calculation in job costing and process costing as well as Activity-Based-Costing (ABC). (LO4-CS3)

3.Use managerial accounting concepts in planning and evaluating business performance using CVP analysis, variance and budget. (LO3-CTPS3)

4.Apply the managerial accounting techniques in making decisions and controlling of the business operations. (LO8-ES1)

11. TRANSFERABLE SKILLS Student  should  be  able  to  develop  a  good  understanding  of   background  of management accounting though a process of lectures, tutorial and group assignment.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching–learning strategy:

·The course will be taught through a combination of formal lecturers, exercise, group work, using authentic materials, informal activities and various textbooks. Collaborative teamwork will be foster throughout the course. The use of examination and internal reporting assessment will assess the student’s ability to apply theoretical concept in context.

Assessment strategy:

·Formative

·Summative

13. SYNOPSIS This course is designed as a continuation course from Business Accounting for non–accounting students. It introduces the students to the difference between Financial and Management. It also provides students with two costing methods and techniques for short term decision making and control used by middle management. This course will be conducted through lectures, tutorials and assignments.
14. MODE OF DELIVERY Lecture and tutorial (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 40
Final examination 60
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
Topics FACE TO FACE SELF-STUDY TOTAL SLT
Lecture Tutorial Exam/Quiz Assignment Library/Internet Search Self-study
Managerial accounting & the business environment 2 2 3 7
Cost terms, concepts and classifications 2 2 3 7
Cost behavior analysis and use 2 1 3 6
System design: Job order and process costing 4 3 6 13
Activity Based Costing (ABC) 2 2 3 7
Cost-volume-profit relationship (CVP) 4 3 6 13
Variable costing: A tool for management 2 2 3 7
Profit planning 2 2 3 7
Flexible budget and overhead analysis 2 2 3 7
Standard costs 2 2 3 7
Relevant cost for decision making 4 2 6 12
Continuous tests/quizzes/assessment 5 10 15
Final 3 9 12
TOTAL 28 23 8 0 19 42 120
17. Reference Main reference:

1.Brewer, P. C., Garrison, R. H. and Noreen, E. W. 2013. Introduction to Managerial Accounting: Global Edition.  6th edition. McGraw Hill.

2.Garrison, E. W., Noreen E. W. and Brewer, P. C. 2008. Managerial Accounting: International Edition.  12th edition. McGraw Hill.

Additional references:

1.Eric W. Noreen, Peter C Brewer and Ray H. Garrison. 2008. Managerial Accounting for Managers. McGraw Hill.

2.Don R. Hansen and Maryanne M. Mowen. 2005. Management Accounting. 7th edition. Thomson Learning.

3.Ronald W Hilton. 2005. Fundamentals of Managerial Accounting. 1st edition.  McGraw Hill.

 

Mapping of the course/module to the Programme Learning Outcomes

TOPIC Contact hours (week)

Lesson Learning Outcome (Students are able to…)

CLO KI

Teaching & Learning Activities

Assessment Tasks

MANAGERIAL ACCOUNTING & THE BUSINESS ENVIRONMENT

Work of management & the need for managerial accounting information

Comparison of financial and managerial accounting

Organisational structure

Process management

4

1.  explain the meaning of Management Accounting and the business environment;

2.  distinguish between financial accounting and

managerial accounting;

3.  understand the organizational structure;

4.  elaborate the step of management process.

LO2 o Lecture

o Tutorial activity – class exercises

o Group discussion

Feedback on tutorial activity Presentation Quiz

Test

COST TERMS, CONCEPTS AND CLASSIFICATIONS

General costs

Product costs and period costs

Product cost flows

Cost classifications

4

1.  define cost terms, concepts and classification;

2.  distinguish between product cost and period costs;

3.  explain product cost flow;

4.  identify cost classification

LO2 o Lecture

o Tutorial activity – class exercises

Feedback on tutorial activity Quiz

Test

SYSTEMS DESIGN: JOB ORDER COSTING & PROCESS COSTING

Comparison of job order and process costing

Cost flows in job order costing and process costing

Problems of overhead allocation

Equivalent units of production

7

1.    compare job order and process costing

2.    understand cost flows in job order costing and process costing

3.    identify the problems of overhead allocation

4.    calculate equivalent units of production

LO2 o Lecture

o Tutorial activity – class exercises

Feedback on tutorial activity Quiz

Test

ACTIVITY BASED COSTING (ABC)

How costs are treated

Designing an ABC system

Mechanics of ABC

Comparison of traditional and ABC

product costs

4

1.    understand how costs are treated

2.    design an ABC system

3.    explain the mechanics of ABC

4.    compare of traditional and ABC product costs

LO2

LO4

CS3 o Lecture

o Tutorial activity – exercises

Feedback on tutorial activity Quiz

Test

COST BEHAVIOUR: ANALYSIS AND USE

Types of cost behaviour pattern

Analysis of mixed costs

3 1. identify types of cost behaviour pattern

2. analyse of mixed costs

LO2 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Test

COST-VOLUME-PROFIT RELATIONSHIPS (CVP)

Basics of CVP analysis

Break-Even analysis

Considerations in choosing a cost structure

Assumptions of CVP analysis

7 1.  explain the concept of CVP and its uses;

2.  calculate BEP and its interpretation;

3.   explain the assumptions of CVP analysis

LO2

LO3

CTPS3 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity

Quiz

Final exam

VARIABLE COSTING: A TOOL FOR MANAGEMENT

Absorption and variable costing

Income comparison of absorption and variable costing

Choosing a costing method

4

1.  differentiate between Absorption and variable costing

2.  compare the income by using absorption and variable costing

3.  choose a suitable costing method

LO2 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Final exam

 

PROFIT PLANNING

Basic framework of budgeting

Master budget

4 1. understand basic framework of budgeting

2. develop master budget

LO2

LO3

CTPS3 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Final exam

FLEXIBLE BUDGET AND OVERHEAD ANALYSIS

Flexible budgets

Variable overhead variances

Overhead rates and fixed overhead analysis

4 1. understand flexible budgets

2. calculate variable overhead variances

3. analyse overhead rates and fixed overhead analysis

LO3 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Final exam

STANDARD COSTS

Standard costs and setting

Using standard costs

Evaluation of controls based on standard cost

4

1. understand the meaning of standard costs and setting

2. prepare standard costs

3. evaluate of controls based on standard costs

LO2

 LO3

CTPS3 o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Final exam

RELEVANT COST FOR DECISION MAKING

Costs concepts for decision making

Add or drop product lines/segments

Make or buy decision

Utilization of constraint resource

6

1. understand costs concepts for decision making

2. explain the alternative add or drop product lines/segments

3. analyse the make or buy decision

4. understand the utilization of constraint resource

LO3

LO8

CTPS3

ES1

o Lecture

o Tutorial activity – exercise

Feedback on tutorial activity Quiz

Final exam