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    Karachi University Business School University of Karachi Bs (Bba) - Vi

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    Amber Rafiq
    The document provides an overview of a course on cost and managerial accounting. It details 12 topics that will be covered in the course including job order costing, process costing, standard costing, materials costing, and variance analysis. The course objectives are to provide fundamental elements of production costing and budgeting.

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    Karachi University Business School University of Karachi Bs (Bba) - Vi

    Uploaded by

    Amber Rafiq
    210 views3 pages
    The document provides an overview of a course on cost and managerial accounting. It details 12 topics that will be covered in the course including job order costing, process costing, standard costing, materials costing, and variance analysis. The course objectives are to provide fundamental elements of production costing and budgeting.

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    522

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    The document provides an overview of a course on cost and managerial accounting. It details 12 topics that will be covered in the course including job order costing, process costing, standard costing, materials costing, and variance analysis. The course objectives are to provide fundamental elements of production costing and budgeting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    210 views3 pages

    Karachi University Business School University of Karachi Bs (Bba) - Vi

    Uploaded by

    Amber Rafiq
    The document provides an overview of a course on cost and managerial accounting. It details 12 topics that will be covered in the course including job order costing, process costing, standard costing, materials costing, and variance analysis. The course objectives are to provide fundamental elements of production costing and budgeting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    85 | P a g e BS (BBA) Syllabus

    KARACHI UNIVERSITY BUSINESS SCHOOL


    UNIVERSITY OF KARACHI

    BS (BBA) – VI

    Course Title : COST & MANAGERIAL ACCOUNTING

    Course Number : BA(BS) – 522

    Credit Hours : 03

    Objective

    This course gives fundamental elements of production, cost, budgeting, procedures of job order
    costing, process costing and standard costing. It enables the students to acquire skills necessary
    to interpret and analyze accounting data. This course builds upon the concepts and techniques
    to control cost driven activities. Distinction is made between Financial Accounting and Cost
    Accounting with respect to their integration.
    Previous

    Course Contents

    Next
    1. The Management Concept and the Function of the Controller
    1.1. The Management Concept
    1.2. The Controller’s Participation in Planning and Control
    1.3. The Cost Department
    1.4. The Role of Cost Accounting

    2. Cost Concepts and the Cost Accounting Information System


    2.1. The Cost Concept
    2.2. The Cost Accounting Information System
    2.3. Classification of Costs
    2.4. The Flow of Costs in a Manufacturing Enterprise
    2.5. Manufacturing Cost Accounting Cycle
    2.6. Factory Ledger and General Ledger Accounting

    3. Job Order Costing


    3.1. Cost Systems and Cost Accumulation Procedures
    3.2. Job Order Costing

    4. Process Costing: Cost of Production Report


    4.1. Process Cost Accumulation Procedures
    4.2. The Cost of Production Report
    4.3. Other Factors in Accounting for Lost Units
    4.4. Addition of Materials
    86 | P a g e BS (BBA) Syllabus

    5. Process Costing: Average and FIFO Costing


    5.1. Beginning Work in Process Inventories
    5.2. Difficulties Encountered in Process Cost Accounting Procedures

    6. By Product and Joint Product Costing


    6.1. Difficulties in Costing By–Products and Joint Products
    6.2. Definition of By–Products and Joint Products
    6.3. Methods of Costing By–Products
    6.4. Methods of Accounting the Joint Production Cost
    6.5. An Analysis of Joint Product Costing

    7. Materials: Controlling and Costing


    7.1. Procedures for Materials Procurement and Use
    7.2. Materials Costing Methods
    7.3. Transfer of Materials Cost to Finished Product
    7.4. Costing Procedures for Scrap, Spoiled Goods and Defective Work
    7.5. Summary of Materials Management

    8. Materials: Quantitative Models for Planning and Control


    8.1. Planning Materials Requirements
    8.2. Materials Control

    9. Labor: Controlling and Accounting for Costs


    Previous

    9.1. Productivity and Labor Costs

    Next
    9.2. Incentive Wage Plans
    9.3. Organization for Labor Cost Accounting and Control

    10. Factory Overhead: Planned, Actual, and Applied; Variance Analysis


    10.1. The Nature of Factory Overhead
    10.2. The Use of a Predetermined Factory Overhead Rate
    10.3. Factors to be considered in the Selection of Overhead Rates
    10.4. The Calculation of a Factory Overhead Rate
    10.5. Actual Factory Overhead Over or under Applied and Variance
    10.6. Analysis
    10.7. Changing Overhead Rates
    10.8. Summary of Factory Overhead

    11. Standard Costing Setting Standards and Analyzing Variances


    11.1. Usefulness of Standard Costs
    11.2. Setting Standards
    11.3. Determining Standard Production
    11.4. Determining Standard Cost Variances
    11.5. Responsibility and Control of Variances

    12. Standard Costing Incorporating Standards into the Accounting Records


    12.1. Recording Standard Cost Variances in the Accounts
    12.2. Standard Cost Accounting Procedures for Materials
    12.3. Standard Cost Accounting Procedures for Labor
    87 | P a g e BS (BBA) Syllabus

    12.4. Standard Cost Accounting Procedures for Factory Overhead

    Recommended Books

    1. Cashin, & Polimini. (1995). Cost Accounting. McGraw–Hill.


    2. Horngern, C. T. (1998). Cost Account: A Managerial Emphasis. Prentice Hall.
    3. James, A. C. (1998). Cost Accounting. McGraw–Hill.
    4. Meigs, & Johnson. Accounting: The Basis for Business Decision. McGraw–Hill.
    5. Usry, M. F. (1996). Cost Accounting Planning and Control. South–Western.
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