Department of Finance

Faculty of Business Studies

University of Dhaka

MPF PROGRAM
Course PF-505: MANAGERIAL ACCOUNTING

COURSE TEACHERs: Nausheen Rahman

Professor
Department of Finance
University of Dhaka

OBJECTIVES OF THE COURSE

This course covers basic topics of management accounting and introduces a business management
approach to the development and use of accounting information. In today’s competitive
marketplace, an excellent internal accounting system is essential for organizations to make effective
and efficient decisions. Primary objectives of the course are as follows –

 To provide students with basic concepts of management accounting and the usefulness of
internal accounting system;
 To provide students with the capability to apply knowledge in decision-making scenarios;
 Emphasis will be given on the development of problem-solving skills based on a good
understanding of the business environment.

COURSE CONTENTS

Sl. Focus
01. Managerial Accounting and the Business Environment: Globalization, Strategy,
Organizational Structure, Process Management, Ethics in Business, Corporate
Governance, CSR
02. Managerial Accounting & Cost Concepts: Definition of Managerial Accounting,
Comparison of managerial accounting and financial accounting, General cost
classifications, Product costs versus period costs, Cost classifications on financial
statements, Cost classifications for predicting cost behavior
03. Cost Behavior: Analysis and Use: Types of Cost Behaviour Patterns, The Analysis of
Mixed Costs, The Contribution Format Income Statement
First Mid term
04. Cost-Volume-Profit Relationships: The Basics of CVP Analysis, Break-Even Analysis,
CVP Considerations in Choosing a Cost Structure, Structuring Sales Commissions, Sales
Mix
05. Variable Costing: A Tool for Management: Overview of Absorption and Variable
Costing, Income Comparison of Absorption and Variable Costing, Extended Comparison
of Income Data, Effect of Changes in Production on Net Operating Income, Choosing a
Costing Method
06. Profit Planning: The Basic Framework of Budgeting, Preparing the Master Budget, The
Budgeted Income Statement
Second Midterm
07. Standard Costs and the Balanced Scorecard: Standard Costs—Management by
Exception, Setting Standard Costs, A General Model for Variance Analysis, Using
Standard Costs—Direct Materials Variances, Using Standard Costs—Direct Labour
Variances, Using Standard Costs—Variable Manufacturing Overhead Variances,
Variance Analysis and Management by Exception, International Uses of Standard Costs,
Evaluation of Controls Based on Standard Costs, Balanced Scorecard
08. Flexible Budgets and Overhead Analysis: Flexible Budgets, Variable Overhead
Variances—A Closer Look, Overhead Rates and Fixed Overhead Analysis

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READING MATERIAL

Text: Managerial Accounting by Ray H. Garrison, Eric W. Noreen & Peter C. Brewer; 13th
edition

Reference: i. Managerial Accounting: An Introduction by Pierre L. Titard

ii. Managerial Accounting: Information for Decision Making and Strategy Execution by
Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, & S. Mark Young; 6th
edition

ASSIGNMENT, TERM PAPER & PRESENTATION

Several assignments and problem solving will be given during the course which should be done in
a group. The term paper will be done in groups of five to six members followed by a presentation
session. Topics for term paper will be given by the course instructor after the first midterm.

COURSE EVALUATION

Final course grade of a student will depend on participation in following course events

Marks distribution Weights (%)

Class Attendance 10
Mid Exam 1 15
Mid Exam 2 15
Term Paper & Presentation 10
Quiz 10
Final Exam 40

GENERAL REMARKS

Each student is required to attend minimum 75 percent of classes held in a course. Otherwise, the
student will not be allowed to sit for the exam.

Good Luck

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