INSTITUTE OF BANKING AND
FINANCE,BZU
Course Outline
Course Name: Managerial Accounting.
Course instructor: Syeda Aleena Abbas Gardezi
Class: BBA (Banking and Finance) 5th Semester Morning.
Course objective:
Upon completion of this course, students are expected to be able to:
• Focus on the foundations of Managerial Accounting, covering the essential concepts in
consumer behavior.
• Reflection of contemporary trends in Managerial Accounting.
• It offers strong practical focus and also covering latest research studies in the field.
Lecture No: Topics Source
Lecture 1,2: Key Concepts of Managerial Accounting: Chapter 1
• What is accounting?
• Branches of accounting.
• What is managerial accounting?
• Who is a manager?
• How management functions relate with managerial
accounting.
• Difference between managerial accounting and financial
accounting.
• Importance of managerial accounting.
Lecture3,4: Managerial accounting and its concept: Chapter 2
• Nature of managerial accounting.
• Scope of managerial accounting.
• Objectives of managerial accounting.
• Advantages and disadvantages of managerial
accounting.
• Limitation of managerial accounting.
Lecture 5,6: Cost classification for decision making: Chapter 3
Cost terms, concept and classification:
• Product cost and period cost.
• Direct cost and indirect cost.
• Fixed cost and variable cost.
• Mixed cost.
• Sunk cost, opportunity cost and differential cost.
• Flow of cost in manufacturing enterprises.
• Statement of cost and goods manufactured and sold.
Lecture 7,8 Job order costing: Chapter 4
Cost systems.
Cost accumulation procedures.
Job order costing illustrated.
Lecture 9 Process costing: Chapter 5
• Comparison of job order and process costing.
• Average and fifo methods.
• Schedule to compute equivalent.
Lecture Cost behavior analysis and use: Chapter 6
10,11 Types of cost behavior pattern.
Analysis of mixed cost.
The contribution format.
High low method.
Lecture 12 Article Related to Current Topic.
Lecture The cost volume- profit relationships: Chapter 7
13,14 • The basics of cost volume profit analysis.
• Breakeven analysis.
• Consideration in choosing a cost structure.
• Structuring sales commission.
• The concept of sales mix.
Lecture 15. Variable costing: a tool for management. Chapter 8
Absorption and variable costing.
Income comparison of absorption and variable costing.
Choosing a costing method.
Mid-Term Exams
Lecture 16 Variable costing and tool for management. Chapter 8
Lecture Activity based costing- aid to decision making: Chapter 9
17,18 • How costs are treated under activity based costing
• Designing activity based costing method.
• Mechanics of activity based costing.
• Comparison of activity and abc costing.
• Limitations of activity based costing.
Lecture Profit planning and control systems: Chapter 10
19,,20 • Basic framework of budgeting.
• Preparing the master budget
• Similarities and differences in the operational budgets
prepared by manufacturing, servicing, industry,
merchandise and nonprofit organization.
• Product line cycle costs.
• International aspects of budgeting.
Lecture Standard cost and the balanced scorecard. Chapter 11
21,22
Lecture Flexible budgets and overhead analysis. Chapter 12
23,24
Lecture 25 Article related to current topic.
Lecture Relevant cost for decision making. Chapter 13
26,27
Lecture Presentation.
28,29,30
Books Recommended:
• RONALD W. HILTON , G RAMESH , MJAYADEV 18th edition
• GARRISON NOREEN 10TH EDITION.
• USRY, HAMMER AND MATZ.
Grading Plan:
• Mid-term Exam: 30 Marks.
• Final term exam: 50 Marks
• Sessional: 20 marks which includes following:
• Quiz’s 10 marks.
• Report 5 marks.
• Assignments 5 marks.
