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MANAGERIAL ACCOUNTING

BBA – VII (Hons.)
Course Title:MANAGERIAL ACCOUNTING
Course Number :BA (H) – 601
Credit Hours : 03

Objective

The objective of this course will be concerned with providing information for the more day-to-day functions of control and decision-making. This will involve budgeting, cost accounting, variance analysis, and evaluation of alternative uses of resources.

Course Contents

  1. Introduction : Managerial Accounting

    2. 1.1 A Perspective
    1.2 Cost Terms
    1.3 Concepts and Classification

  2. Responsibility Accounting and Cost Allocation Concepts

    3. 2.1 Responsibility Accounting Centers and Performance Reports

  3. Cost Flows and Accumulation

    4. 3.1 The Basic Cost Flow Model
    3.2 Cost Accumulation
    3.3 Merchandizing Organizations
    3.4 Manufacturing Organizations
    3.5 Services Organizations

  4. Costing Systems

    5. 4.1 Job Order Costing Systems
    4.2 Process Costing System
    4.3 Hybrid Product Costing System
    4.4 Cost Management Systems for New Manufacturing Environment

  5. Cost Behavior and Estimation

    6. 5.1 Cost Behavior Patterns
    5.2 Cost Estimation Methods

  6. Cost–Volume–Profit Analysis

    7. 6.1 The Break Even Point
    6.2 CVP Analysis
    6.3 CVP with Multiple Products
    6.4 Cost Structure and Leverage Analysis

  7. Standard Costing System

    8. 7.1 Standard Costs and Control
    7.2 Setting Cost Standards
    7.3 Overhead Application in a Standard Costing System
    7.4 Analysis of Cost Variances

  8. Differential Cost Analysis

    9. 8.1 Differential Costs versus Variable Costs
    8.2 Differential Costs versus Total Costs
    8.3 Cost Analysis for Pricing Decisions
    8.4 Make-or-Buy Decision

  9. Variable Costing

    10. 9.1 Variable Costing versus Full Absorption Costing
    9.2 Appropriateness of Variable Costing and Full Absorption Costing Methods

  10. Flexible Budgeting

    11. 10.1 Static Budget versus Flexible Budget
    10.2 Sales Activity (Volume) Variance
    10.3 Profit Variance Analysis
    10.4 Variable
    10.5 Manufacturing Costs Variance

  11. Budgeting and Monitoring

    12. 11.1 Framework of Budgeting
    11.2 The Master Budget Development Process
    11.3 Budgeting in Merchandising Operations
    11.4 Service Enterprising and Non-Profit Organization
    11.5 Budget Under Uncertainty
    11.6 Report for Monitoring

Recommended Books

  1. Hilton Ronald W., Managerial Accounting, McGraw Hill, 1995.
  2. Hongren Charles T., Introduction to Managerial Accounting, Prentice Hall International, 1998.
  3. Garrison, Managerial Accounting, McGraw Hill, 1996.