Aquino, Canlas, David, Dimalanta, Manaloto and Sibug. Management Accounting by Ma. Elenita Balatbat-Cabrera

Transcription

1 Course Name: XMGRAC1 Course Title: Managerial Accounting, Part 1 Instructors: Required Text: Course Description: Aquino, Canlas, David, Dimalanta, Manaloto and Sibug Management Accounting by Ma. Elenita Balatbat-Cabrera Acquaint students with the role of the accountant in the management team in providing and assisting in the analysis, interpretation and forecasting of business organizations. It focuses on the objectives, scope, foundation, techniques of management accounting for planning and control. Students are expected to demonstrate ethical behavior and skills in preparing and analyzing accounting data as applied in a wide range of planning, control and decision making decisions. Topic Outline: Estimated No of Hours 1. Objectives, Scope, Role And Direction Of 1.50 Management Accounting Management Accounting Definition, objectives, scope and relationship with Financial Accounting and Cost Accounting Role and Activities of Management Accountants The Controller as the Top Management Accountant Organizational Structure and the Management accountant The Changing world and the expanding role of the management 2. Management Information System 1.50 Management Functions Information Needs of Managers and other users for Planning and Control International Aspects of Management accounting 3. Management Accounting and Ethical Conduct 1.00

2 Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management 4. Current Focus of Management Accounting 2.00 Impact on Organization Structure Focus on the Customer Major Contemporary Management Techniques Just in Time Total Quality Management Process Reengineering Mass Customization Balanced Scorecard Activity Based Costing and Management Theory of Constraints Life Cycle Costing Target Costing Computer Aided-Design Certification Available to Management Accountants 5. Foundation Of Management Accounting 4.50 Understanding Financial Statements Conceptual Framework for the Preparation and Presentation of the Financial Statement Qualitative Characteristics of Accounting Information The Basic Financial Statements Balance Sheet Income Statement Statement of Changes in Equity Cash Flow Statement 6. Analysis and Interpretation of Financial Statements 4.50 Objectives of Financial Statement Analysis General Approach to Financial Statement Analysis

3 Limitations of Financial Statement Analysis Steps in Financial Statement Analysis Techniques for Evaluating Financial Statements Horizontal Analysis Trend Percentages Common Size Financial Statements Financial Ratios Cash Flow Analysis 7. Gross Profit Variation Analysis 3.00 Objective of Gross Profit Variation Analysis Factors Causing Profit Variation Techniques in Analyzing Gross Profit Variation Quantity Factor Price Factor Cost Factor 8. Earnings Per Share 3.00 Determination of earnings per share and diluted earnings per share. 9. Cost Concepts and classifications 1.00 Nature of Cost Classification of Costs Basics of Cost Behavior Flow of Cost in Manufacturing, Trading and Service Companies 10. Variable Costing A Tool for Management 3.00 Underlying Concepts of Variable Costing Underlying Concepts of Absorption Costing Advantages and Disadvantages of Variable Costing Reconciliation of Net Income under Variable Costing and Absorption Costing

4 11. Cost Profit Volume Relationships 5.00 Basics of Cost Volume Profit Analysis Significance of Cost Volume Profit Analysis Assumptions and Limitations of Cost Volume Profit Analysis Cost Volume Profit Analysis with Changes In Cost Structure Break Even Graph Profit Volume chart 12. Responsibility Accounting and Transfer Pricing 4.50 Definition & Objective Advantages of Responsibility Accounting Types of Responsibility Centers Cost Center Profit Center Investment Center Revenue Center Rationale of transfer pricing Approaches in Setting Transfer Prices 13. Functional and Activity Based Budgeting 4.50 Definition of budget Purposes of the Budget Types of Budget Operating Budget Financial Budget Capital Budget Management Process of Preparing the Master Budget 14. Standard Cost and Operating Performance Measures 4.50 Rationale of Standard Costs Users of Standard Costs Benefits and Limitations of Standard Cost

5 Setting Standards for Direct material, Direct Labor and Factory Overhead Analysis of variances on materials, labor and overhead 15. Quantitative techniques in Planning, Control and Decision Making 1.50 Decision Theory Decision Making under Certainty, under Uncertainty Gantt Chart Decision Tree Linear Programming Inventory Modeling Sensitivity Analysis Queuing Program Evaluation and Review Technique Total Sessions Express As Contact Hours 54

6 Recap Identification of CPC Topics Covered in this Course Estimated Contact Hours Accounting 50 Marketing 1 Finance 1 Management 3 Organizational Behavior 1 Human Resource Management 1 Operations Management 1 Legal Environment of Business 2 Economics 1 Ethics 2 Information System 3 Quantitative Methods/ Statistics 2 International/ Global Dimensions of Business 2 Integrative Experience 3 Total Estimated Contact Hours 73