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Management Accounting Fundamental

   BANKING UNIVERSITY OF HO CHI MINH CITY

 

CERTIFICATE IN BUSINESS MANAGEMENT

BBM2007: MANAGEMENT ACCOUNTING FUNDAMENTALS

Credits: 16

ECTS Value: 8


Marking Scheme: Numerical marking scheme (i.e. mark of 0-100)

 

Pass Mark

The pass mark for the module is 50%

Delivery Type

This module requires you to attend the classes at the scheduled time in the specific locations.

Pre-Requisites

None

Co-Requisites

None

 

Module Outline

The aim of this module is:

 

Number

Description

1

  • To provide the basic techniques required to enable students to develop the various methods for recording and evaluating costs into more complex problems at the advanced level.

2

  • To develop the employability skills of numerical interpretation, organization and planning, self awareness and initiative, problem solving and the ability to communicate by introducing students to the knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business context.

 

Indicative Content

Number

Description

1

The nature, source and purpose of management information and management accounting.

2

Cost classification and behavior

3

Element of cost

4

Overhead costing

  • Overhead allocation and apportionment
  • Overhead absorption

5

Marginal costing and absorption costing

6

Job, batch and service costing

7

Process costing

  • Characteristics
  • Normal losses and abnormal losses and gains
  • Accounting for scrap
  • Closing work in progress and equivalent units
  • Joint products and by products

8

Standard costing

  • Standard costing system
  • Variance calculations and analysis
  • Reconciliation of budgeted and actual profit

9

Cost-volume-profit (CVP) analysis

  • Break-even analysis
  • Margin of safety
  • Target profit
  • Contribution/sales ratio
  • Break-even chart and profit/volume graph

10

Decision making

  • Relevant costs
  • Short-term decisions
  • Optimal production plan given a scare resource

 

Learning Outcomes

On successful completion of this Module you will be expected to be able to:

 

Description

1

Explain the nature, source and purpose of management information and the role of management accounting within an organization; understand how the costs flow through the system, the types of costs and how they behave; describe and illustrate income analysis under various costing assumptions, thus increasing your communication skills.

2

Calculate costs in a job order, batch, service and a process cost accounting system, cost-volume-profit relationships; and compare actual costs with standard costs and analyse basic variances, utilizing your numerical and problem solving skills.

3

Understand what makes revenues and costs relevant to decisions and be able to apply that knowledge to analyze particular decisions to make a reasoned recommendation regarding that decision requiring organization & planning and problem solving skills.

 

Learning and Teaching Strategy

The learning system in this module consists of lectures and scheduled tutorials. Lectures elaborate on the appropriate theoretical content in the textbook and provide a more detailed and refined analysis of both concepts and applied materials. You are to response to all in instructions and assignments given in class as well as for the supporting textbook content. You are expected to involved and participate in class activities, and read prior to lecture attendance in order to gain maximum benefit from lectures. In fact a ‘skim read’ before lectures is most appropriate and valuable.

 

Learning & Teaching Methods

Method

Hours

Lecture & Seminar

48

Tutorial

15

Guided independent study

97

 

Summary

%

Scheduled

40

Independent

60

 

Summative Assessment Strategy

Your achievement of the learning outcomes for this module will be tested as follows: Portfolio (Presentation, Discussion, In-class exercises), Midterm Exam (2 hours), and Final Exam (3 hours).

 

Summative Assessments

Item

Final Item?

Assessment Method

Description

Learning Outcomes

Weighting %

001

No

Midterm Exam

2 Hour Closed Book Examination,

1,2

30

002

No

Portfolio

Presentation, Discussion, In-class exercises

1,2,3

20

003

Yes

Final Written Exam

3 Hour Closed Book Examination

1,2,3

50

 

Summary

%

Written Exam

50

Coursework

30

Practical

20

 

Learning Resources

Description

Atrill, P. & McLaney, E. (2009) Management Accounting for Decision Makers 6th ed. Prentice Hall.

Chadwick, L. (2001) Essential Management Accounting, Harlow: Financial Times/Prentice Hall.

Drury, C. (2009) Management Accounting for Business, 4th ed. Cengage Learning.

Horngren, C. Sundem, G. & Statton, W. (2010) Introduction to Management Accounting, 15th ed. New Jersey: Prentice Hall.

Lucey, T. (2009) Costing, 7th ed. London: Cengage Learning

 

 

                                                           

 

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