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Course Outline Standard-Cost & Manageraial Acc II

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20 views

Course Outline Standard-Cost & Manageraial Acc II

Uploaded by

subeyr963
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Beder International University Course outline standard

Course Title Cost and Management Accounting 1I


Course Code ACFN213
Degree Program B.A in Accounting and Finance
Course Title
Course Academic year:__________ Semester:____________
information

Course Instructor
Name
Instructor’s Office:
contact Phone:
information
E-mail:
Contact Hours (per 3
week)

Course Objectives Once you have completed this course you will have attained
the following learning outcomes:
1. Cost Estimation and Cost Behavior: Learn techniques for
estimating and predicting costs, including regression
analysis, high-low method, and scatter diagrams.
Understand how costs behave in response to changes in
activity levels.
2. Budgeting and Performance Evaluation: Study the
budgeting process, including the preparation of operating
budgets, financial budgets, and cash budgets. Explore
performance evaluation techniques, variance analysis, and
the use of budgets for control purposes.
3. Standard Costing and Variance Analysis: Understand the
concept of standard costs and how they are used to
measure and control costs. Analyze variances between
standard and actual costs and learn how to interpret these
variances.
4. Decision-Making and Relevant Costs: Apply relevant cost
analysis to make short-term and long-term decisions.
Evaluate make-or-buy decisions, special order decisions,
product mix decisions, and other relevant cost scenarios.
Course This course introduces students to cost accounting concepts
Description
and procedures. An effective cost accounting system provides
information that can impact operational and financial
performances of an entity. Students will learn how cost
accounting information is developed and used for various
purposes in different types of business entities. We will
examine the role that cost accounting plays in measuring,
analyzing and reporting information that relates to the cost of
obtaining and using an entity’s resources. Students will learn
ways of assigning various costs such as direct costs, indirect
costs, fixed costs, variable costs, inventorial cost and period
costs
Pre-requisites

Schedule

Week Date Topics and sub-topics


1-2 Chapter Eight
1. PRICING
 Compute a target cost when the market determines a product price.
 Compute a target selling price using cost-plus pricing.
 Use time-and-material pricing to determine the cost of services
provided.
 Determine a transfer price using the negotiated, cost-based, and
market-based approaches.
 Explain issues involved in transferring goods between divisions in
different countries.
Week Chapter Nine : BUDGETARY PLANNING
3-5  1 Indicate the benefits of budgeting.
 State the essentials of effective budgeting.
 Identify the budgets that comprise the master budget.
 Describe the sources for preparing the budgeted income statement.
 Explain the principal sections of a cash budget.
 Indicate the applicability of budgeting in nonmanufacturing
companies.
Week Chapter Tenth
6-7 BUDGETARY CONTROL AND RESPONSIBILITY
ACCOUNTING
 Describe the concept of budgetary control.
 Evaluate the usefulness of static budget reports.
 Explain the development of flexible budgets and the usefulness of
flexible budget reports.
 Describe the concept of responsibility accounting.
 Indicate the features of responsibility reports for cost centers.
 Identify the content of responsibility reports for profit centers.
 Explain the basis and formula used in evaluating performance in
investment centers.
Week Mid-Exam
8
Week Chapter Eleven: STANDARD COSTS AND BALANCED
9-10 SCORECARD
 Distinguish between a standard and a budget.
 Identify the advantages of standard costs.
 Describe how companies set standards.
 State the formulas for determining direct materials and direct labor
variances.
 State the formula for determining the total manufacturing overhead
variance.
 Discuss the reporting of variances.
Week Chapter Twelve: PLANNING FOR CAPITAL INVESTMENTS
11  Discuss capital budgeting evaluation, and explain inputs used in
capital budgeting.
 Describe the cash payback technique.
 Explain the net present value method.
 Identify the challenges presented by intangible benefits in capital
budgeting.
 Describe the profitability index.
 Indicate the benefits of performing
12-13 Chapter Thirteen: STATEMENT OF CASH FLOWS
 Indicate the usefulness of the statement of cash flows.
 Distinguish among operating, investing, and fi nuancing activities.
 Prepare a statement of cash flows using the indirect method.
 Analyze the statement of cash flows.
14-15 Chapter Fourteen: FINANCIAL STATEMENT ANALYSIS
 Discuss the need for comparative analysis.
 Identify the tools of financial statement analysis.
 Explain and apply horizontal analysis.
 Describe and apply vertical analysis.
 Identify and compute ratios used in analyzing a firm’s liquidity,
profitability, and solvency.
 Understand the concept of earning power, and how irregular items are
presented.
 Understand the concept of quality of earnings.
16 Final exam week

Teaching and Classroom contact/Lecture, group work, discussion, tutorial, individual


Learning work
methods
Assessment Continues assessment
Midterm ……………………….………………20%
Quiz…………………………………….………10% Week4th
Assessment……………………………………..15% Week 12th
Attendance …………………………… ……….5%
Final exam:………………………………....…...50%
Total…………………………………………….100%
Policy Attendance: it is compulsory come to class on time and every time. If you
are not attained more than 80% of the class, you should not site on exam
Assignments: You must do your assignment on time. Late assignments will
not be accepted
Cheating: you must do your own work and do not copy or get answers
from someone else. It leads you to a serious punishment

References Text book: Managerial Accounting Tools for decision making,


Fundamentals of cost accounting.
Hansen and Mowen, Cornerstones of Cost Management.

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