BIZTEK

Course Syllabus Course Name: Course Code: Credit Hours: Course Prerequisites: Quarter/Year: Professor: Contact No: Consultation Hours: E-mail: Qazi Saud Ahmed 0333-3137891 Before and After Class qazisaudahmed@hotmail.com 3 hrs per week for 15 sessions Financial Accounting Managerial Accounting

1. Course Description: The course aims at learning the practical application of the accounting. It is forward looking; not only teaching students how to arrive at results, but also how to use those results for making meaningful decisions in business. 2. Course Objectives: Managerial Accounting is the process of identifying, measuring, analyzing, interpreting and communicating information in pursuit of organizational goals. It is an integral part of the management process and mangers regularly need the information generated through it to make decisions. 3. Learning Outcomes: y Understand and Comprehend major management accounting tools. y Use results for objective decision making. 4. Textbook: y Managerial Accounting by Ronald W. Hilton 5. Reference Book(s): y Managerial Accounting by Garrison, Noreen & Brewer 6. Teaching and Learning Methodology: y Presentations y Class Discussions y Home and Class assignments y Quizzes 7. Materials and Supplies: y It s a quantitative course; Calculators are must. y Course Books

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8. Grading Policy/Student Assessment: Assessment Instruments Quiz Assignment Midterm Exam Final Exam Percentage 10 % 10 % 30 % 50 %

9. Attendance Policy: Prompt arrival and regular attendance are extremely important. Refer to student handbook for policies on late entry, maximum absences allowed, leave application etc. 10. Expected Class Conduct: y Mobiles to be switched off in class. y It s a numerical course so calculators are a MUST! y If you don t understand something, ask immediately. y Quizzes will always be un announced 11. Weekly Course Outline: Session 1 Session Topic Introduction to Managerial Accounting Costs Terms, Concepts and Classifications Learning Objectives Managerial functions and Managerial Accounting Difference between managerial and financial accounting Contemporary themes in managerial accounting What is cost Different costs for different purposes Financial reporting Predicting cost behavior Assigning costs to cost objects Decision making Flow of Costs in a Manufacturing Firm Distinguish between process costing and job-order costing Documents used in a job-order costing system Predetermined overhead rates Understand the flow of costs in a job-order costing system Comparison of Job-Order Costing and Process Costing Process Cost Flows Process costing in Equivalent Unit Method Weighted Average Method & FIFO Method Relationship between cost estimation, cost behavior, and cost prediction Describe the behavior of the following types of costs: variable, step-variable, fixed, step-fixed, semi-variable (or mixed), and curvilinear Engineered costs, committed costs, and discretionary costs Cost-estimation methods: account classification, visual fit, high-low, and least-squares regression Apply CVP analysis to determine the effect on profit of changes in fixed expenses, variable expenses, sales prices,

Job Order Costing

4&5

Process Costing

Activity Analysis, cost behavior and cost estimation and CVP Analysis

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and sales volume. Discuss the key assumptions of CVP analysis Purposes of budgeting systems Prepare each of the budget schedules that make up the master budget. Describe a typical organization's process of budget administration. Explain how standard costing is used to help manage costs Distinguish between perfection and practical standards Cost Variance Analysis Summarize some advantages of standard costing Describe the balanced scorecard concept Describe six steps in the decision-making process Explain the relationship between quantitative and qualitative analyses in decision making. Identify relevant costs and benefits Analysis of various special decisions Use the net-present-value method and the internal-rate-ofreturn method to evaluate an investment proposal. Compare the net-present-value and internal-rate-of-return methods Capital Budgeting Decisions Describe the four major influences on pricing decisions Explain economic, profit-maximizing pricing model Set prices using cost-plus pricing formulas Discuss issues in the strategic pricing of new products

Profit Planning & developing Budgets

8&9

Standard Costing

10 & 11

Decision Making Relevant Costs and Benefits Capital Expenditure & Budgeting Decisions Cost Analysis for Pricing Decisions

12 & 13

14 & 15

* Additional assignments, tests and quiz can be conducted. ** Appropriate allocation of marks can be introduced here depending on the number of assessments. 12. Students with Physical or Educational Challenges: Students with educational and/or physical challenges are entitled to extra attention and time from the instructor. Therefore students are advised to notify the course instructor at the beginning of the course. Special arrangement may also be made on prior request based on specific challenges. 13. Academic Integrity This course seeks to empower students for independent learning, resourcefulness, clear thinking, and perception. All submitted work and activities should be genuine reflections of individual achievement from which the student should derive personal satisfaction and a sense of accomplishment. Plagiarism and cheating subvert these goals and will be treated according to the policy stated in the Student Handbook. The instructor reserves the right to utilize electronic means to help prevent plagiarism. 14. Instructor s Course Portfolio: The Instructor s Course Portfolio (ICP) folder must be carried and maintained weekly (it must include all work pertaining each respective week) by the course instructor over the

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period of the semester. This folder must be submitted to the faculty coordinator at the end of the course and should include the following items: a. Course Syllabus b. Presentation Slides c. Handouts d. Lecture Notes e. Reading Material/assignments f. Homework g. Exams h. Quizzes i. Final Exam j. Model answers for all assessments k. Any other material pertaining to the course should also be included into the portfolio folder. 15. Comments and/or Suggestions: Students and Instructors may contact the Institutional Research Department if there is a need to make suggestions or comments that can help further improve the course. A link is also provided on your BIZDESK account for frequent and trouble-free feedback. The Institutional Research Department would like to hear your feedback about the following: Students y y y y y Course Content/ thoroughness Lecture Delivery/Supplementary Material Facilities/Labs/Software/Hardware Support Course alignment with learning outcomes Any other comments/feedback y y y y y Instructors Availability of teaching material Facilities/Internet/Administrative Support Labs: Software/Hardware/Technical support Availability and quality of Teaching Instruments Any other comments/feedback

Managerial Accounting