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222 Course Outline Iia-1

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222 Course Outline Iia-1

Uploaded by

alexmwansaa1
Copyright
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We take content rights seriously. If you suspect this is your content, claim it here.
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COPPERBELT UNIVERSITY

SCHOOL OF BUSINESS

BS222/HRM220/BSP322 MANAGEMENT ACCOUNTING

SUMMARY OF CHAPTERS
Unit 1: Principles of Cost and Management Accounting
(a) Definitions of Accounts, Accounting, Cost Accounting and
Management Accounting
(b) Differences between Cost and Management Accounting and
Financial Accounting
(c) Functions of management in organisations
(d) Data and information and qualities of useful management
information
(e) Limitations of management information

Unit 2: Cost Classification


(a) Cost, Cost unit, Cost objects and definition of cost classification
(b) Cost classification by nature, by element of cost, by function, by
behaviour, for decision making
and for planning and controlling
(c) Responsibility accounting and cost reports
(d) Measuring performance of responsibility centres

Unit 3: Cost Behaviour


(a) Nature of cost behaviour
(b) Cost behaviour and activity levels and graphical presentations
(c) Dealing with semi-variable costs using the high low method
Unit 4: Accounting for materials
(a) Purchasing procedure and documentation
(b) Valuation of inventory using the First in First Out method, Last In
First Out method, weighted
average cost methods.
(c) Inventory counts
(d) Principles of inventory management
(e) Accounting entries for materials

Unit 5: Accounting for labour


(a) Nature of labour costs
(b) Labour cost accounting
(c) Payroll accounting
(d) Alternative remuneration methods
(e) Labour ratios

Unit 6: Accounting for overheads


(a) Nature and types of overheads
(b) Overheads and absorption costing
(c) Absorption costing and marginal costing

Unit 7: Job costing, Batch costing and Service Costing


(a) Features of job costing and costing and pricing jobs
(b) Features of batch costing and costing and pricing batches
(c) Features of service costing and costing and pricing of services

Unit 9: Information for Decision Making


(a) Cost Volume Profit analysis
(b) Relevant costs for decision making and decision making (c) Pricing
decisions
Unit 10: Budgeting and Budgetary Control
(a) Objectives of budgeting and budgetary control
(b) The planning and control cycle
(c) Administration of the budgetary process
(d) Preparing functional budgets and the cash budgets
(e) Participation in budgeting
(f) Alternative approaches to budgeting
(g) Preparing flexible budgets

Unit 11: Standard Costing and Variance Analysis


(a) Objective of standard costing and variance analysis
(b) Types of standards and their implications on employee motivation
(c) Setting standards
(d) Variance analysis for costs
(e) Variance analysis for sales
(f) Preparing operating statements

Unit 12: Process Costing


(a) Nature of process costing
(b) Accounting for normal losses, abnormal losses and abnormal gains
(c) Valuation of output from a process
(d) Valuation of and accounting for closing work in progress
(e) Valuation of and accounting for opening work in progress
(f) Joint products and by products
Recommended Texts
1. BS222 Course module from DDEOL
2. ACCA paper MA (FMA), F2: Management Accounting, BPP or
Kaplan
3. Drury Collin Management and Cost Accounting (10th ) edition
4. Lucey T: Cost Accounting: DPP (7th) edition.
5. ZICA T2 Costing Accounting Study Text, BPP, London
6. ZICA DA 5; Cost Accounting Study Text, BPP, London
7. Lucey T: Management Accounting (5th) edition [special edition]
8. CIMA Paper CO1 Study and Revision Kit BPP

Wana Kayuwa
IIA Librarian

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