Business Accounting Diploma Specialization

Course Outline - Business Administration Program: Year 1 ACCT 211 Management Accounting

Brief Course Description

Cost accounting as utilized in manufacturing and non-manufacturing sectors is examined. Major topics include the following: job ordering costing and analysis, costing procedures, cost-volume-profit analysis, budget preparation, standard cost systems, variance analysis, and cost analysis for managerial decision making.

Course Prerequisites

No Prerequisites for this course

Learning Objectives*

1. Perform job order costing techniques.
2. Compare and contrast job order costing to process costing.
3. Describe cost behaviour patterns.
4. Perform cost-volume-profit analysis.
5. Compare and contrast variable costing to absorption costing.
6. Describe activity-based costing systems.
7. List steps in preparing a master budget.
8. Prepare a master budget.
9. Perform variance analysis.
10. Determine transfer prices.
11. Perform make or buy decisions.
12. Carry-out target costing.
13. Evaluate managerial performance using a balanced scorecard.
14. Use payback, accounting rate of return, and discounted cash flow methods to make capital investment decisions.

Required course materials*

Pearson's My Accounting Lab website for quizzes and lab assignments.

Course Duration

The Course Duration is 64 Hours

Homework Hours

Course Homework Hours will be 10 hours per week approximately.

Delivery Methods

• Distance education
• Combined delivery (both in-class and distance)

Teaching Methods*

Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand

Method(s) of Student Evaluation*

Completion Requirements*

A Candidate has to attain a minimum score of 50% overall to ensure successful course completion