pam 3023: management accounting

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

Where to buy?

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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.