pam 3023: management accounting
TRANSCRIPT
PAM 3023:
MANAGEMENT
ACCOUNTINGDR. ANIS SURIATI AHMAD
ROOM NO: A3-BP16 (BLOCK 10-3)
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Upon completion of this course, students should be able to:
1. Discuss the role of management accounting within an
organization compared to financial accounting in providing
relevant information for management use in planning, control
and decision making. (A2)
2. Explain different types of cost classifications and cost
behavior. (C2)
3. Analyze the elements of cost and appropriate accounting
treatment of the three basic elements of cost: material, labor
and overheads. (C4)
Upon completion of this course, students should be able to:
4. Analyze various costing methods for products and
services, including principles of variable costing and
absorption costing. (C4)
5. Apply CVP analysis in decision making. (C3)
TRANSFERABLE SKILLS
1) Demonstrate values, skills and professional ethics.
2) Communicate effectively and able to work in team.
3) Able to act creatively and critically to solve problems and
disputes.
COURSE OUTLINES
1. Introduction to Management Accounting
Accounting for Management.
Sources of Data.
Sources of Information.
2. Cost Classification and Cost Behaviour
Classification of Costs and Cost Behavior.
Relationship between Activity Level and Unit Cost.
Quantitative Techniques.
Preparation of Schedule of Cost of Goods Manufacture.
COURSE OUTLINES
3. Cost Elements
a. Costing for materials
• Material control
• Procurement procedures and control
• Inventory investment and control
• Just-in-time (JIT) System
b. Costing for labour
• Recording and control of labour costs
• Remuneration methods
• Measuring labour productivity
• Labour turnover
COURSE OUTLINES
3. Cost Elements
c. Costing for Overheads (Traditional)
• Allocation and apportionment of overheads
• Process and basis of apportionment
• Overheads absorption
• Under or over absorption of overheads
COURSE OUTLINES
4. Activity-based Costing (ABC)
Changes in cost composition and impact of Activity-Based
Costing (ABC) method.
Comparison of traditional and ABC product costs.
Advantages and limitations of ABC.
ABC in the service industry.
5. Specific Order Costing
Specific Order Costing: Job and Batch Costing.
Contract Costing.
Service costing.
COURSE OUTLINES
6. Continuous Operation Costing
Process costing
– Features of process costing
– Equivalent units
7. Absorption Costing and Variable Costing
Variable Costing.
Absorption Costing: Allocation and Apportionment
bases of Indirect Costs.
Variable vs. Absorption Costing for Costing and
Reporting Purposes.
COURSE OUTLINES
8. Cost-Volume-Profit (CVP) Analysis
Definition of CVP Analysis.
Limitations of CVP Analysis.
Computation of Target Volume.
Computation of Break Even Point (BEP).
Margin of Safety.
Multi-Product Analysis.
CVP and Sensitivity Analysis.
COURSEWORK
CLO Details Due date % Total
1
(A2, PLO5)
Group Assignment:
Report Writing & Video Presentation
Online Quiz
Week 10:
Introduction to Management Accounting 10
5
50%2
(C2, PLO1)
Online Quiz Week 5: /0/2021
Cost Classification and Cost Behavior 15
3
(C4, PLO2)
Mid-Term Exam Week 8: /0/2021
Costing for Material, Labor & Overhead
(Traditional)
20
4
(C4, PLO2)
Final Assessment
ABC + Job/Batch Costing
Contract costing + Service costing
Process Costing
Cost Accumulation System
CVP
50%5
(C3, PLO2)
TOTAL 100%
REMINDER!
Students must attend all lectures and tutorials or other activities
related to the course (Perkara 4.1 dan 4.3).
Student with attendance of less than 80% will not be allowed to sit
for final examination (Perkara 4.2).
Perkara 4.1, 4.2 and 4.3 can be waived for students who suffer from
health problems and must be certified by government or UPSI panel
clinic medical officer.
GRADING SCALESGrade Points interval GPA/CGPA
A 80 – 100 4.00
A- 75 – 79 3.75
B+ 70 – 74 3.50
B 65 – 69 3.00
B- 60 – 64 2.75
C+ 55 – 59 2.50
C 50 – 54 2.00
C- 45 – 49 1.75
D+ 40 – 44 1.50
D 35 – 39 1.00
F 0 – 34 0
REFERENCES
Main reference:
– Rozainun Abdul Aziz, Che Hamidah Che Puteh, Indra Devi
Rajamanoharan & Nagarethnam Thirumanickam (2015).
Management Accounting 2nd Edition. Kuala Lumpur : Oxford
University Press.
REFERENCES
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REFERENCES
Additional references:
– Datar, S.M., and Rajan, M. V. (2018). Horngren’s Cost
Accounting: A Managerial Emphasis, 16th ed. Pearson Prentice
Hall.