Course Plan/Course Profile

Course Title: Financial & Managerial Accounting

Course No: HUM-221 Credit: 3 Contact Hours: 3 Total Marks: 100

Rationale: It teaches student making business decisions & also helps them to evaluate the importance
of budgets, budgetary control, and responsibility accounting
Objectives: After learning this course students will be able to
1. Explain the functions of a business.
2. Describe how accounting data is used to assist in making business decisions.
3. Calculate accounting data used in making business decisions.
4. Determine the cost of a manufactured product.
5. Evaluate the importance of budgets, budgetary control, and responsibility accounting.

Learning Outcomes Course Contents Teaching Assessment

Strategy Strategy
1. Explain what Financial Accounting:  Lecture  Q/A
accounting is. Objectives and importance  rapport  test (SQ)
of accounting building  demonstration
 demonstration
2. Identify the users and Financial Accounting:  Lecture  Q/A
uses of accounting. branches of accounting,  rapport  test (SQ)
accounting as an building  demonstration
information system,  demonstration
computerized system.
3. Explain the monetary Financial Accounting:  Lecture  Q/A
unit assumption and the application in accounting.  rapport  test (SQ)
economic entity building  demonstration
assumption.  demonstration
1. State the accounting Accounting equation  Lecture  Q/A
equation, and define its  rapport  test (BQ)
components. building  demonstration
 group work  assignment
 demonstration
2. Analyze the effects of Accounting equation  Lecture  Q/A
business transactions on  rapport  test (BQ)
the accounting equation. building  demonstration
 group work  assignment
 demonstration
3. Understand the four Accounting equation  Lecture  Q/A
financial statements and  rapport  test (BQ)
how they are prepared building  demonstration
 group work  assignment
 demonstration
1. Explain what an Recording systems:  Lecture  Q/A
account is and how it Double entry mechanism,  rapport  test (SQ)
helps in the recording accounts building  demonstration
process.  demonstration
2. Define debits and
credits and explain their
use in recording business
transactions.

3. Identify the basic steps Recording systems: Their  Lecture  Q/A

in the recording process. classification  rapport  test (SQ)
4. Explain what a journal building  demonstration
is and how it helps in the  demonstration
recording process.
5. Explain what a ledger Recording systems:  Lecture  Q/A
is and how it helps in the accounting cycle journal  rapport  test (SQ)
recording process. building  demonstration
6. Explain what posting is  demonstration
and how it helps in the
recording process.
7. Prepare a trial balance Recording systems:  Lecture  Q/A
and explain its purposes. ledger, trial balance.  rapport  test (SQ)
building  demonstration
 demonstration
1. Explain the time period Preparation of financial  Lecture  Q/A
assumption. statements considering  rapport  test (BQ)
2. Explain the accrual adjusting and closing building  demonstration
basis of accounting. entries.  demonstration  assignment

3. Explain the reasons for Preparation of financial  Lectures  Question:

adjusting entries and statements Accounting  Presentation VSQ /SQ/BQ
identify the major types concepts  Demostration  Test/ Exam:
of adjusting entries.  Group QT/CT/FE
4. Prepare adjusting discussion  Assignment
entries for deferrals.

5. Prepare adjusting Preparation of financial  Lectures  Question:

entries for accruals. statements Accounting  Presentation VSQ /SQ/BQ
6.Describe the nature and conventions  Demostration  Test/ Exam:
purpose of an adjusted  Group QT/CT/FE
trial balance. discussion  Assignment

1. Discuss the need for Financial Statements  Lecture,  Q/A

comparative analysis. analysis  rapport  test (S|B)
2. Identify the tools of and interpretation; building  demonstration
financial statement  group work
analysis.  cooperative
learning
 demonstration
3. Identify and compute Financial Statements  Lecture,  Q/A
ratios used in analyzing a analysis Ration analysis  rapport  test (S|B)
firm’s liquidity, tests for profitability building  demonstration
profitability, and  group work
solvency.  cooperative
learning
 demonstration
4. Understand the concept Financial Statements  Lecture,  Q/A
of earning power. analysis solvency and  rapport  test (S|B)
overall measure building  demonstration
  group work
 cooperative
learning
 demonstration
1. Explain the Costs and Management  Lecture  Q/A
distinguishing features Accounting: Cost concept  rapport  test (S|B)
of managerial and classification. building  demonstration
accounting. Segregation and mixed  demonstration
2. Identify the three costs.
broad functions of
management.
3. Define the three classes Costs and Management  Lecture  Q/A
of manufacturing costs. Accounting: Overhear  rapport  test (S|B)
4. Indicate how cost of costs: Meaning and building  demonstration
goods manufactured is classification, allocation of  demonstration
determined. overhead cost, overhear
5. Explain manufacturing recovery method.
balance sheet.
1. Explain the Job order costing:  Lecture  Q/A
characteristics and Preparation of job cost  rapport  test (S|B)
purposes of cost sheet and quotation price. building  demonstration
accounting.  demonstration
2. Describe the flow of
costs in a job order cost
system.
3. Explain the nature and
importance of a job cost
sheet.
4. Prepare entries for jobs
completed.
1. Determine how to Inventory valuation:  Lecture  Q/A
classify inventory and Absorption costing and  rapport  test (S|B)
inventory quantities. variable costing technique. building  demonstration
2. Explain the accounting  demonstration
for inventories and apply
theinventory cost flow
methods.
3. Explain the financial
effects of the inventory
cost flow assumptions.
4. Explain the lower-of-
cost-or-market basis of
accounting for
inventories.
5. Indicate the effects of
inventory errors on the
financial statements.
6. Compute and interpret
the inventory turnover.
1. Distinguish between Cost volume profit  Lectures  Question:
variable and fixed costs. analysis: Meaning,  Presentation VSQ /SQ/BQ
2. Explain the breakeven analysis,  Demostration  Test/ Exam:
significance of the contribution margin  Group QT/CT/FE
relevant range. approach discussion  Assignment
 3. Explain the concept of
mixed costs.
4. List the five
components of cost-
volume-profit analysis.
5. Indicate what
contribution margin is and
how it can be expressed.

6. Identify the three Cost volume profit  Lecture  Q/A

ways to determine the analysis:  rapport  test (BQ)
break-even point. Sensitivity analysis building  demonstration
7. Give the formulas for  group work  assignment
determining sales  demonstration
required to earn target net
income.
8. Define margin of
safety, and give the
formulas for computing it.
9. Describe the essential
features of a cost-volume-
profit income statement
1. Discuss why Short term investment  Lecture,  Q/A
corporations invest in decision: Relevant and  rapport  test (BQ)
debt and stock securities. differential cost analysis, building  demonstration
2. Explain the accounting Linear programming.  group work  assignment
for debt investments.  cooperative
3. Explain the accounting learning
for stock investments.  demonstration
4. Describe the use of Long term investment  Lectures  Question:
consolidated financial decision: Capital  Presentation VSQ /SQ/BQ
statements. budgeting, various  Demostration  Test/ Exam:
5. Indicate how debt and techniques of evaluation of  Group QT/CT/FE
stock investments are capital investment, discussion  Assignment
reported in financial investment appraisal under
statements. uncertainty, risk
6. Distinguish between management, capital
short-term and long-term rationing. Concept of
investments. working capital, need for
working capital,
management of cash, stock
debtors.
 List your findings  Revisions, Q & A  Lecture  Q/A
 Classify topics  rapport  Test (S|B)
 Solve some problems building  demonstration
 Modify those using  group work
alternatives  demonstration
 Propose solutions to some
new problems

Reference Books
 1.Garrison & Noreen; Managerial Accounting, Irwin McGraw-Hill.
2. Harmenson; Principles of Accounting, Irwin McGraw-Hill.
3. Ainsworth; Introduction to Accounting, Irwin McGraw-Hill.
4. Meigns, Williams, haka and Bettner; Accounting, Irwin McGraw-Hill.
5. Larson; Financial Accounting Principles, Irwin McGraw- Hill.
6.Related Articles and Presentations
7.Related Web Portals

Course Teacher:

Sraboni Barua
Lecturer
Department of Computer Science and Engineering
Dhaka International University
MBA in HRM, DU,BD
BBA in MGT, DU, BD
Email Address: baruasraboni@yahoo.com
Mobile: 01683180384