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Costing and Budgetary Control Course

The document outlines the Bachelor of Accountancy course titled 'Costing and Budgetary Control' at Exploits University, detailing its aim, learning outcomes, course contents, assessment methods, and teaching approaches. The course focuses on equipping students with knowledge in costing and budgetary control, covering topics such as management accounting, budgeting processes, and standard costing. It includes various assessment methods, with a combination of continuous assessment and a final examination.

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charleschirwa05
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24 views3 pages

Costing and Budgetary Control Course

The document outlines the Bachelor of Accountancy course titled 'Costing and Budgetary Control' at Exploits University, detailing its aim, learning outcomes, course contents, assessment methods, and teaching approaches. The course focuses on equipping students with knowledge in costing and budgetary control, covering topics such as management accounting, budgeting processes, and standard costing. It includes various assessment methods, with a combination of continuous assessment and a final examination.

Uploaded by

charleschirwa05
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

EXPLOITS UNIVERSITY

1. FACULTY : Faculty of Commerce


2. DEPARTMENT : Faculty of Accountancy
3. PROGRAMME : Bachelor of Accountancy
4. COURSE TITLE : Costing and Budgetary Control
5. COURSE CODE : BAC 2202
6. LEVEL : Two
7. CREDITS : 12
8. SEMESTER : Two
9. LECTURE HOURS : 3 hours per week
10. TUTORIALS : 1 hour per week
11. REVISED : In 5 years
12. APPROVAL DATE :

13. AIM OF THE COURSE

The aim of this course is to equip Learners with information for costing and budgetary
control in different business situations.

14. COURSE DESCRIPTIOR


This course covers the basics of costing and budget in an organisation.

15. LEARNING OUTCOMES


a) Upon completion of the course, the students shall be able to:
b) Explain the nature of financial and management accounting
c) Discuss the variable and absorption techniques for profit reporting purposes
d) Prepare different types of budgets
e) Identify factors which affect human behaviour in budgetary planning and control
f) Evaluate strengths and weaknesses of alternative budget models
g) Discuss the use of standard costing
h) Calculate basic variances
i) Interpret the cause of variances, their interrelationships with other variances and their
relevance to management

16. COURSE CONTENTS


a) Introduction to management accounting
Financial versus management accounting; profit reporting for management analysis; variable
(Marginal ) costing; absorption costing
b) Budgeting

- Budget preparation process; Preparation of subsidiary and master budgets; Cash budgets; Flexible
and fixed budgets; Human aspects to budgeting; Alternative approaches to budgeting
- Capital budgeting: capital Investment Appraisal

c) Standard costing
Purpose of standard costing; Types of standard costs; Basic variance analysis

17. METHOD OF ASSESSMENT


Continuous assessment 40%-20% Mid Semester Exam
10% Individual Exercise
10% Class Quiz Participation
Final examination 60%

18. TEACHING AND LEARNING APPROACHES:

Lectures, group discussion, e-learning, enquiry based learning, self-directed learning,


group assignment, field trips.

19. REFERENCES

Prescribed Texts
(a) Lucey T., (2009) Costing 11th edition, Cengage Learning, London.
(b) Drury C., (2017) Cost and Management Accounting: An Introduction, Thomson
Learning, Boston
(c) Horngren C.T etal (2013). Cost Accounting: A managerial Emphasis (14th Ed).
Pearson. New York.
(d) Jesse B, Raiborn C and Kinney M (2003) Cost Accounting : Traditions and
Innovations, Thomson Learning, Australia

Recommended Texts
(a) Horngren C., Datar S. & Foster G., (2006) Cost Accounting: Managerial Emphasis,
13th edition, Pearson Education, London.
(b) Drury C., (2006) Management Accounting for Business, Thomson Learning,
London
(c) Shank J (2001) Cases in Cost Management: A strategic Emphasis, South- Western
College, Cincinnati

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