C.P Managerial Accounting

GC UNIVERSITY, FAISALABAD
FACULTY OF ECONOMICS & MANAGEMENT SCIENCES

COLLEGE OF COMMERCE
Course Specifications
Managerial Accounting
Spring 2020
http://www.gcuf.edu.pk/
COURSE SPECIFICATIONS
Basic Information
Course Title: Managerial Accounting
Course Code:
Course credits/week: Theory: 03 Lab: Nil Total: 03
Pre-requisite(s): Nil
Co-requisite(s):
Program(s) on which the course is given: BS Semester 6th
Is the course major or minor element of the program: Major: Minor:
Department offering the program: College of Commerce
Department offering the course: College of Commerce
Academic year/level: 2
Revision #:
Last revised on (date): In 2014 by HEC
Overall Aims of the Course
Course Description:
Course Objectives are:

 To develop the skills in students so that are be able to make proper distinction between
different types of costs.
 To equip the students with emerging new concepts and its application in the field of
managerial accounting.
To develop the skills in students to design the costing system that help in decision
making
Learning Outcomes:
On completion of this course, the student will be able to handle internal audit of
business.
Class Format:
Weekly Course Objectives
Wee Module In This Chapter, We Will Address the Following
k Questions.
The changing role of managerial accounting in a
dynamic business environment:
Managerial accounting; managerial vs financial accounting,
managerial accounting in different types of organization,
1 evolution and adaptation in managerial accounting ,
Service vs. manufacturing firm, emergence of new
industries, global competition, focus on customer, cross
functional team, computer integrated manufacturing, product
life cycle and diversity, time based competition
Activity based Costing

Some key issues about cost drivers
2 Activity dictionary and bill of activities, direct vs indirect
costs, when is new product –costing system needed,
Cost management systems.
Activity based management and Cost Management
Tools:
Two dimensional ABC,
3 Customer profitability analysis,
Target costing, kaizen costing,
Benchmarking , reengineering,
Theory of constraints,
Setting of standards for costing
Basic concept of standard costing, preparation of standard
4
cost, types of production capacities, material price and
usage variances, labor rat and efficiency variances, variable
overhead expenditure and efficiency variances, Fixed
overhead budget and volume variances
Cost Volume Profit Analysis
Meaning of Cost-Volume-profit, Break-even Point,
Contribution Margin Approach, Equation Approach, Graphic
5
Approach, Safety Margin, Angel of Incidence, PV Ration
and its uses cost structure and operating leverage, Effect of
Income Taxes.
Direct and Absorption Costing
Meaning of Direct and Absorption Costing, Direct (variable)
6 costing income Statements, reconciling income under direct
and absorption costing change in inventory, evaluation of
direct and absorption costing effect of the volume variance
7 Decision Making
Relevant and irrelevant costs make or buy decisions,
addition and deletion of a product, lease or buy steps in
the decision – making process, quantitative versus
qualitative analysis, obtaining information, pitfalls to
avoid i.e. common errors in decision making.
Mid Term
8
Pricing Decisions
Major influences on pricing decision, open market
9
pricing cost plus pricing full cost based pricing,
contribution based pricing
Responsibility Accounting and Cost Allocation

Responsibility centers, performance reports, cost allocation
10 based on budget activity based, activity based responsibility
accounting and behavioral effects of responsibility
accounting.
Profit Centre and Transfer Pricing

Definition of Profit Centre and Transfer pricing, general
11 transfer-pricing rule Transfer pricing based on the external
market price, Negotiated transfer price, cost based transfer
prices, standard versus actual costs.
Budgeting
Function and master budget-The Master Budget overall
plan and a planning assumptions and predictions
12 underlying the master budget, Flexible Budget definition
and meaning advantages, fixed overhead treatment,
revised budget.
Capital Budgeting
Concept of Present Value, Discounted Cash Flow Method,
Net Present Value Internal Rate of Returns, Payback Period.
13
Accounting (average) Rate of Return, Effect of Income Tax
in Capital Budgeting, Depreciation in Capital Budgeting,
Zero-Base Budgeting
14 Financial Reporting and Changing Price
Meaning of Financial Reporting and Financial
Statements, Balance Sheet, Income Statement, Statement of
Cash Flows, change in Equity, impact of changing prices on
Financial Statements
Responsibility accounting , quality control, and

environmental cost management
15 Responsibility canters, performance reports Behavioural
effects of responsibility accounting, segmented reporting,
total quality management
Final Term
16
Required Learning Resources
Text Book(s): Managerial Accounting by Garrison H. Noreen

(Title, Author, Edition, Publisher)
Reference Book(s):
(Title, Author, Edition, Publisher)
Facilities Required for Teaching and Learning
-White Board
-Multimedia
Assignments Schedule & Quiz

No. Week Assigned Week Due QUIZ TESTS
Three surprise quiz tests will be conducted
1
during the semester, best of two will be
2 counted for final grade. There will be no
3 makeup of these tests.
4
Examination / Weighting of Assessments & Quizzes
Quizzes + Assignments + Class Participation + Projects 20 %
Mid-semester examination 30 %
End-semester examination 50 %
Grading Criteria
Letter Grade Percentage Marks
A 80 -100 EXCELLENT
B 65-79.99 GOOD
C 50-64.99 SATISFACTORY
D 40-49.99 PASS
Dress Code:
Formal business attire only (Dress Trouser, Shirt, Tie, Dress Shoes) Jeans and
Joggers NOT ALLOWED.
Not sure what this dress code means? Read When Job-Hunting: Dress for
Success.
Instructor Responsibilities:
Student Responsibilities:
.
Class Participation and Individual Conduct
You should make every effort to attend each class meeting. In addition, it is
important that you prepare for each class by reading the relevant book chapters
before the class session in which it will be discussed. You will also be expected to
participate in class discussion and complete in‐class exercises that will be based
on these reading assignments. Your participation grade will be based on
contribution and attendances (be punctual, attend classes, come prepared by
doing the readings, show initiative in the discussion). Note that students who
only “show up” should not expect even an average score. You must be present in
class in order to receive credit for in‐class exercises, quizzes, participation, etc.
Eating, sleeping, reading, texting, listening to or working on unrelated materials,
sidebar conversations, or “multi‐tasking” using a computer or other electronic
device is not permitted. Laptops (and similar devices) may be used in class for
course related activities such as taking notes. Students may bring drinks such as
water.
General Expectations & Classroom Etiquettes.
In terms of performance in this class, I have very high expectations and

anticipate outstanding work from each of you. I hope for a very positive
experience for us all. Keep in mind that if you do not deliver outstanding work
then you will be graded to reflect this. I ask that you contact me directly and
immediately if you ever have any questions or concerns regarding the class, any
particular assignments, or your grade(s). I am always willing to help.
I do ask that all students be respectful and courteous to other class members as
well as the professor. This includes turning off cell phones and other electronic
devices before class begins and arriving to class on time, as walking in late is
disruptive to other classmates and the professor. Those who walk in late will
likely not receive attendance credit for that day.
Useful Tools / Advice:

This course is time and labor intensive. Be certain to schedule enough time in
your weekly planning to accommodate.
You need to have good access to the Web and an e-mail account.
Please always do your best work.
Etc.:
It is expected that all work you submit for a grade in this class be original and
prepared for this class only.
I am always willing to see my students and will go out of my way to schedule

meetings. Please make sure that if you make an appointment that you keep it.
Finally, as will quickly become apparent, e-mail is by far the easiest and most
reliable method to reach me.
Contact Details:
Gohar Mahmood Lecturer
College of Commerce
Faculty of Economics & Management Sciences,
GC University, Faisalabad, Pakistan.
Office Hours Monday to Friday 8:00AM to 04:00 PM
Phone(office): 041-9201634 E-Mail: goharmahmood@gcuf.edu.pk
Course Specifications Developed By: Reviewed By ( ):
Date: 10-02-2020 Date:

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GC UNIVERSITY, FAISALABAD

FACULTY OF ECONOMICS & MANAGEMENT SCIENCES

Overall Aims of the Course

Course Objectives are:

Activity based Costing

Responsibility Accounting and Cost Allocation

Profit Centre and Transfer Pricing

Responsibility accounting , quality control, and

Required Learning Resources

Text Book(s): Managerial Accounting by Garrison H. Noreen

Assignments Schedule & Quiz

Class Participation and Individual Conduct

General Expectations & Classroom Etiquettes.

In terms of performance in this class, I have very high expectations and

Useful Tools / Advice:

I am always willing to see my students and will go out of my way to schedule

Date: 10-02-2020 Date:

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