Preview

Shaari

Good Essays
Open Document
Open Document
2926 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Shaari
ACC 3201
MANAGEMENT ACCOUNTING 1

Semester II 2012/2013

Department of Accounting and Finance Faculty of Management and Economics

Course Outline

Contact details
Course coordinator/lecturer
Course coordinator/Lecturer: e-mail: Phone: Fax: Room number Consultation hours: Dr. Mohd Shaari Abd Rahman shaari@umt.edu.my (09) 668 4157/3232 (09) 668 4237 Deputy Dean’s Office Monday 10am-12pm Wednesday 10am-11am

Course coordinator/Lecturer: e-mail: Phone: Fax: Room number Consultation hours:

Dr. Azwadi Ali azwadi@umt.edu.my (09) 668 3449 (09) 668 4237 A108 TBA

© Universiti Malaysia Terengganu 2013

Page

2

Course description
This course introduces the basic concepts, terminologies, principles and methods of cost accounting at operational level. This includes introduction of cost elements, basic cost accumulation techniques and various costing methods, including contemporary approaches in arriving at the cost of products produced or services rendered. Code: ACC 3201 Status: Core (Major) Credit Hour(s): Three Pre-requisite: Introduction to Financial Accounting (ACC 3101)
Student Learning Time F2F Independent 3 x 14 = 42 21 1 x 14 = 14 14 2 x 2=4 10 3 10

Lecture Tutorial Mid Term Final Exam

Total 63 28 14 13 118 2.95

Credit

Course Objectives
To provide an understanding on how organisations accumulate, assign and analyse cost and revenue data for use within the organization and its practical applications thereof.

Course Learning outcomes
1. Discuss the role of management accountants in providing relevant information for management use in planning, control and decision making (C2) 2. Explain and distinguish basic cost classifications, cost behaviour and appropriate accounting treatment of the three basic elements of cost; namely material, labour and overheads(C3) 3. Apply the various costing methods in product and service costing.(P3) 4. Apply the principles of variable costing, absorption costing, activity-based costing (ABC) in

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Syllabus1Acct372ja

    • 1791 Words
    • 10 Pages

    To familiarize students with the concepts and uses of accounting data for managerial planning, control and decision-making. This course emphasizes the collection and analysis of cost data for the purpose of achieving firm objectives. It focuses on the development of product cost information that will be useful for profit maximization in managerial decisions in the realm of price setting, determination of product mix, and in cost minimization actions.…

    • 1791 Words
    • 10 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Principles of Accounting II Cost Accounting Accounting is the accumulation and aggregation of info for decision makers including administrators, traders, authorities, loan providers, as well as the general public. Accounting systems impact behavior and administration and have effects across divisions, companies, and even nations. This report will provide the reader a knowledge regarding cost accounting. This report will talk about: Why is cost accounting so essential to the achievement of the company; what are the different ways of cost accounting and how are they utilized; how does an operating budget work in order to control a firms administration; what are the factors of a financial budget; how are financial budgets developed; what is variance analysis and the way its utilized. Cost accounting can be defined as the procedure of gathering, computing, assessing, interpreting as well as reporting cost info which is both helpful and related to the internal and external stakeholders of a business. Among the many advantages of cost accounting is that it converts data into info, knowledge and wisdom regarding a business entitys functions which is helpful for: gauging efficiency, decreasing or controlling expenses, deciding the charges or rates for services and goods, determining to approve, change or stop a plan or activity. One more advantage is that info on the costs programs as well as activities can be used as a foundation in order to approximate future expenses in organizing as well as analyzing budget requests. As soon as budgets are authorized as well as executed, cost info serves as a helpful comment on efficiency. In addition to that, costs might be compared to known or supposed advantages in order to identify value-added and non-value added actions.…

    • 673 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    course outline BUSI294

    • 1433 Words
    • 9 Pages

    This course provides an introduction to the basic principles and techniques of managerial accounting, where the major intent is to provide information to internal decision-makers to maximize an organization’s operating efficiency and profitability. The course includes an introduction to alternative costing and reporting systems for service and manufacturing organizations, budgeting, variance analyses, performance evaluation, total quality management, and transfer pricing, plus analytical techniques including cost-volume-profit analysis and relevant costing and benefits.…

    • 1433 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Learning Guide 2013 Lbc202

    • 22167 Words
    • 89 Pages

    There is a Student Guide to accompany “Cost Accounting: a managerial emphasis” –( the above…

    • 22167 Words
    • 89 Pages
    Satisfactory Essays
  • Good Essays

    Summary Ch 6 Theory Acc.

    • 2307 Words
    • 10 Pages

    What is the objective of current cost accounting? Edwards and Bell express this fundamental problem in terms of three questions:…

    • 2307 Words
    • 10 Pages
    Good Essays
  • Better Essays

    References: Caplan, Dennis. (2011). Management Accounting: Concepts and Techniques, Part 3: Product Costing and Cost Allocations. Retrieved from http://classes.bus.oregonstate.edu/spring-07/ba422/Management%20Accounting%20Chapter%2011.htm…

    • 2303 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    13. All cost accounting systems are capable of identifying and assigning the true costs related to...…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations, to help them make decisions to manage the business. For example, it provides information on the costs of an organization’s products and services, which managers can use products cost to guide the setting of selling prices, and use services cost to make inventory valuation and income determination. It provides information on the budgets and performance reports. These reports often consist of comparisons of budgets with actual results. It also provides information on revenues of an organization’s products and services, sales back logs, unit quantities and demands on capacity resources, which assist managers in their planning and control activities (Managerial Accounting, 2008).…

    • 745 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    My Leadership Portfolio

    • 367 Words
    • 2 Pages

    Here and in each chapter the student is asked to make a journal entry of a leadership skills and experience that relates to a major theme of the chapter. At the same time we encourage you to use your imagination to determine what constitutes a suitable addition to your leadership portfolio. A key feature of this portfolio is that it documents leadership accomplishments and attempts. Experiences can be from the job, community, family, and sports.…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Cost Accounting

    • 11176 Words
    • 45 Pages

    In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures, a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other techniques since accounting treatment of cost is often both complex and financially significant. For example, if a firm proposes to increase its output by 10%, is it reasonable to expect total cost to increase by less than 10%, exactly 10% or more than 10%? Such questions are concerned with the cost behavior, i.e. the way costs change with the levels of activity. The answers to these questions are very much pertinent for a management accountant or a financial analyst since they are basic for a firm’s projections and profits which ultimately become the basis of all financial decisions. It is, therefore, necessary for a financial analyst to have a reasonably good working knowledge about the basic cost concepts and patterns of cost behavior. All these come within the ambit of cost accounting.…

    • 11176 Words
    • 45 Pages
    Powerful Essays
  • Best Essays

    Cost Accounting

    • 1840 Words
    • 8 Pages

    Anderson, S.W., Lanen, W.N., & Maher, M.W. (2008). Fundamentals of cost Accounting 2e. New York: McGraw-Hill Irwin.…

    • 1840 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Acn203S

    • 1484 Words
    • 6 Pages

    TOPICS TO BE DISCUSSED: 1. Process Costing 2. Direct and absorption costing 3. Standard Costing…

    • 1484 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Cost Accounting Role

    • 790 Words
    • 4 Pages

    Cost accounting is valuable to an organization if it significantly improves the decision making process within the organization by providing accurate and timely input regarding the cost behavior in organizations. Generally based on standard accounting practices, cost accounting is one of the tools that managers utilize to determine what type and how much expenses is involved with maintaining the current business model. At the same time, the principles of cost accounting can also be utilized to project changes to these costs in the event that specific changes are implemented.…

    • 790 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Prof. Dr. NorazahMohdSuki was the person who is responsible as the advisor for this course and has helped her students a lot in order to finish all the research study. She has offered guidance to each of the group in terms of the basic…

    • 453 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Fgjkhklj

    • 684 Words
    • 3 Pages

    This course is designed to expand upon the principles of management accounting learned in ACG 3341. As such, we will explore more complex decision analyses, which will often stress the importance of thinking beyond the numbers. We will specifically focus on the following topics: understanding cost behavior, activity-based costing, variance analysis, budgeting, the balanced scorecard, transfer pricing, and performance measurement. Collectively, this analysis should provide a broad basis for understanding the comprehensive role of management accounting.…

    • 684 Words
    • 3 Pages
    Satisfactory Essays