Course Descriptor

[Managerial Accounting]

COURSE BASICS
Course Code ACCT2203
Credit Hours 3 Credit Hours
Lectures [No. of Lec(s) Per Week] 2 Per Week, 16 Weeks Duration 1.5 Hours
Lab Sessions None Duration N/A

COURSE DISTRIBUTION
Program(s) Attached To UCP Business School – Bachelors of Business Administration
Core / Elective Core
Course Pre-requisites Introduction to financial accounting

COURSE DESCRIPTION
This course mainly deals with an understanding of basic cost terms and concepts, cost reports, cost behavior,
overview of costing systems including job order costing, and detailed discussions about, cost-volume profit analysis,
activity based costing (ABC costing), budgeting for managers, relevant costs for decision making and pricing of
products and services.

COURSE OBJECTIVES
To equip participants with quantitative and qualitative tools of Managerial Accounting required for nurturing problem analysis and decision
making skills so that they acquire planning and controlling skills for effectively managing and leading organizations. In addition, to enable
them to harmonize accounting knowledge into a coherent comprehensive strategy.

LEARNING OUTCOMES
By the end of the course, students should be able to:

(1) Critically analyze the financial information in order to make effective business decisions.

(2) Critically analyze the accounting information regarding various costing techniques, pricing decisions and
apply the results in making various business decisions.

(3) Obtain an understanding necessary to prepare various operating budgets along with some other budgeting
techniques like flexible budgeting, zero based budgeting.
 BBA PROGRAM OBJECTIVES

1. Equip students with a variety of organizing, planning, controlling, team-building and communicating skills necessary to effectively
manage and lead organizations in diverse and dynamic environments
2. Provide students with an understanding of contemporary social, economic and political realities which impact the business
environment in Pakistan as well as globally
3. Nurture problem analysis and decision making skills required for handling challenges faced by modern businesses. Students will
be imparted sustaining potential through development of management knowledge and skills
4. Maintain an industry driven blend between theory and practical application in teaching
5. Integrate knowledge of the functional areas of business and funnel into a coherent strategic whole to enable students see
management problems in a holistic perspective
6. Ability to design and propose effective policies for value creation through core business processes of any organization
7. Encourage ‘out of box’ thinking and novel solution finding for conventional and non-conventional problems in management
domain
8. Demonstrate an awareness of the ethical considerations and social responsibilities in the conduct of business. Graduates will be
able to evaluate community responsibilities in organizations and society and propose innovative solutions to complex issues
faced by organizations in the pretext of local value system
9. Improve interpersonal skills required for effective teamwork and developing cordial work environments. Nourish leadership and
initiative taking capabilities coupled with written and oral competencies to enrich managerial effectiveness.
10. Equip students with quantitative and qualitative tools to identify potential business opportunities and successfully materialize
new entrepreneurial ventures.

Map if course objectives or outcomes specifically relate to any program objectives (along with corresponding assessment item):

PROGRAM OBJECTIVES (COURSE) LEARNING OUTCOMES COURSE ASSESSMENT ITEM

(1) (3)
(3) (1) & (2)
(4) (1), (2) & (3)
(10) (1) & (2)

ASSESSMENT STRUCTURE
Assessment Items Percentage
Quiz(s) 15%
Class Participation 5%
Midterm Examination 30%
Final Examination 40%
Project/Presentation 10%
Other(s)

Any specific teaching/learning strategies:

COURSE CONTENT AND DELIVERY PLAN
Lecture Topics Application (Learning Outcomes achieved through this topic)
Introduction of the course. Significance of cost. (1)
1
Elements of cost.
Direct and indirect costs. Time related (Period (1)
2 costs) and activity related costs (Production
costs).
3 Practical exercises.
Introduction to job order costing. Flow of (1) & (2)
4
costs. The job order sheet.
Computation of overhead factor. Actual vs (1) & (2)
5
applied overhead.
6 Practical exercises.
Introduction to cost behavior. The classification (1)
of costs into fixed and variable. Effect of
7
change in activity level. Impact on unit cost due
to changes in volume of production.
8 Practical exercises.
Introduction to Cost-Volume-Profit analysis. (1) & (2)
Impact of change in price, variable cost, & fixed
9, 10 & 11 cost. Break-even analysis, margin of safety and
operating leverage. CVP for multiple product
companies.
12 & 13 Practical exercises.
Target costing. Make or buy decisions; (1) & (2)
14 & 15
Allocation of limited resources.
16 Practical exercises.
17 & 18 MID EXAM
19 & 20 Introduction to Activity based costing (1) & (2)
21 & 22 Practical exercises.
Flexible Budget, Standard cost & Variance (1) & (2)
23, 24 & 25
analysis
26 & 27 Practical exercises..
28 Sales Budget & production budget (3)
29 Direct materials budget & Direct labor budget. (3)
30 Practical exercises.
31 Cash budget. (3)
32 Practical exercises.
FINAL EXAM
LEARNING RESOURCES
Books:

[Text] Managerial Accounting, 12ed, Garrison & Noreen

[Ref]