LAHORE SCHOOL OF ECONOMICS

BBA IV/ BSC III Winter 2012. COURSE: COST ACCOUNTING INSTRUCTOR: Mehreen Furqan

COURSE OBJECTIVE: The primary goal of this course is to equip the students with the fundamental tools of management accounting and promote their understanding of the dramatic ways in which the field is changing. The emphasis is on using accounting information to help manage an organization. TEACHING STRATEGY: The teaching methodology will include classroom lectures, quizzes, module, problem sets, cases and presentations. CORE READING: 1. Ronald W. Hilton: Managerial Accounting, 7th Edition. REFERENCE READING LIST: 1. Robert F. Meigs, Mary A. Meigs, Mark Bettner and Ray Whittington; Accounting: The Basis For Business Decisions 13th Edition 2. Matz & Usry : Cost Accounting, 14th Edition 3. Edward J. VanDerbeck: Principles of Cost Accounting, 13th Edition.

ASSESSMENT CRITERIA: Final Exam Mid Term Project Quizzes Assignments Class Participation & Attendance 40% 20% 15% 10% 10% 5%

Lahore

School

of

Economics

SYLLABUS
I. Management Accounting: A Business Partner

II.

Financial Statements: The basis for Planning and Control

III.

Costs: Concepts, Uses and Classification

IV.

Job Order Cost Systems and Overhead Allocations

V.

Factory Overhead: Planned, Applied and Actual with Variance Analysis

VI.

Process Costing

VII.

Cost-Volume Profit Analysis

VIII.

Standard Costing, Operational Performance and the Balanced Scorecard

IX.

Master and Flexible Budgeting

X.

Incremental Analysis in Common Business Decisions.

LEC 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19.

TOPIC Accounting Systems. Role of Management in Decision making Accounting for Manufacturing Operations, Costs: Uses , Classification Financial Statements: The Balance Sheet & Income Statement Financial Statements: The Cost of Goods Sold & Evaluating Annual Results to Orient The Insiders and Outsiders Accounting for materials: quantitative modeling Accounting for materials: quantitative modeling Accounting for labor: hourly rate, piece rate, modified rate Planning & Control of factory Overhead Planning & Control of factory Overhead Planning & Control of factory Overhead Job costing Job costing Revision Mid Term Exam Process costing Process costing Process costing

DISCUSSION Assignment Problem Set Problem Set Problem Set Quiz 1 Problem Set Problem Set Problem Set Quiz 2 Problem Set Problem Set Problem Set Quiz 3 Problem Set Problem Set Revision Mid Term Exam Problem Set Problem Set Problem Set Quiz 4 Problem Set Problem Set

Cost Volume Profit Analysis Break Even Analysis Cost Volume Profit Analysis incremental analysis

20. 21.

Cost Volume Profit Analysis incremental analysis Standard Costing

Problem Set Quiz 5 Problem Set

22. 23. 24. 25. 26. 27. 28.

Standard Costing

Problem Set Quiz 6 Problem Set Problem set Revision Project Presentations Project Presentations FINAL EXAM

Master Budget and Flexible Budget Master Budget and Flexible Budget Revision Project Presentations Project Presentations FINAL EXAM