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.
No Prerequisites for this course
On completion of the Unit the candidate will be able to:
- Perform job order costing techniques.
- Compare and contrast job order costing to process costing.
- Describe cost behaviour patterns.
- Perform cost-volume-profit analysis.
- Compare and contrast variable costing to absorption costing.
- Describe activity-based costing systems.
- List steps in preparing a master budget.
- Prepare a master budget.
- Perform variance analysis.
- Determine transfer prices.
- Perform make or buy decisions.
- Carry-out target costing.
- Evaluate managerial performance using a balanced scorecard.
- 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.
The Course Duration is 64 Hours
Course Homework Hours will be 10 hours per week approximately.
Indicate how the course is delivered:
X In-class instruction
- Distance education
- Combined delivery (both in-class and distance)
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
Method(s) of Student Evaluation*
|Type of Assessment
|My Accounting Lab Assignments
A Candidate has to attain a minimum score of 50% overall to ensure successful course completion