OUTCOMES BASED TEACHING-LEARNING PROGRAM FOR LEGAL MANAGEMENT

FIRST SEMESTER, SCHOOLYEAR 2020-2021

Course Title: MANAGEMENT ACCOUNTING

Course Number LM 31812
Credit Units: 3
Course Hours: 3 hours/week
Course Placement:
Prerequisites: Principles of Accounting LM 3184
Course Facilitator: ASST. PROF. ALAIN JOMARIE G. SANTOS, PhD, CPA

Course Description:

This course introduces the students to the business concepts and methods use in reporting
managerial performance information to internal users and managers, in order to assist the
stakeholders in making sound business decisions in the management of a business organization.
The students will be provided with the foundations of management accounting and difference
between Financial, Management and Cost accounting. Costs and Cost concepts will be examined.
Decision making will be substantiated by learning Cost-volume-profit analysis, Quantitative
techniques in decision making and Relevant Cost Analysis. The students will evaluate the
concepts of Responsibility Accounting, Transfer Pricing and Capital Budgeting Decisions. Cases
and Exercises will be given to the students to support their learning in the course.

Faculty of Arts and Letter
Graduate Attributes
It is expected that Thomasian
students of Arts and Letters will be
able to manifest the following:
Program Intended Learning
Outcomes
It is expected that a Legal
Management student will be able to
demonstrate the following:
Course Intended Learning
Outcomes
It is expected that, after the course,
a student will be able to do the
following:

1. Body of Knowledge, Research  Demonstrate ability to 1. Compare and contrast

and Creative Skills. Acquire identify and establish legal Financial, Managerial
adequate knowledge in the and management and Cost Accounting
Humanities, Social Sciences and problems applying 2. Categorize and classify
other related disciplines, and apply knowledge in Humanities, the different types of
it in various academic researches Social Sciences and other cost and its concept
and creative endeavors related disciplines 3. Determine the definition
and scope of
management
accounting.

2. Critical Skills, Effective Problem  Demonstrate continuously

Solving. To progressively engage in a deep commitment of 4. Decide and evaluate
theories and facts, in the light of lifelong-learning and social payback period and
reason, towards solving theoretical
and practical problems.
3. Leadership Skills to Work Alone
and in Teams. To exhibit a work
ethic anchored on honesty,
responsibility and accountability
among students, and hone their
leadership skills to both lead and
work in cooperation with others.
4. Communicate Effectively. To
articulate ideas and express
positions as steeped on the
Thomasian value of truth, guided by
faith and reason.
5. Social Awareness and Global
Perspective. To demonstrate
awareness and understanding of
relevant social issues and respond
to the needs of the global
community through concrete social
action.
6. Ethical Action and Moral
Character. To exhibit highest
standards of integrity in both
personal behavior and professional
decorum.
awareness to maintain and
practice high ethical
standards in constituting,
analyzing and interpreting
legal and management
cases and actions
 Be able to be responsible
to his/her actions and
work independently or
work with a team for the
benefit of community as a
whole.
 Effectively communicate
and collaborate legal and
management arguments
and come up with
unbiased results guided by
faith and reason.
 Demonstrate continuously
a deep commitment of
lifelong-learning and social
awareness to maintain and
practice high ethical
standards in constituting,
analyzing and resolving
legal and management
data, issues and results.
 Practice and demonstrate
good citizenship and
advocate equality,
freedom and justice.
break even through
cost-volume-profit
analysis
5. Communicate and
interpret the results of
business operation to
the internal
stakeholders through
analysis of financial
statement
6. Solve capital budget
decisions and propose a
solution to
management by
providing justified
figures and solutions
7. Derive and recommend
the most appropriate
solution and
computation through
group simulation
exercises.
8. Communicate and
interpret the result of
the analysis of financial
statements of the
business operation to
the internal
stakeholders for sound
decision making and
judgment
9. Determine and provide
recommendations that
would propose actions
the business would
implement socially and
globally.
10. Formulate management
accounting reports
without prejudice to
transparency, truth and
 precision and public
welfare in reporting

INTENDED CONTENT TEACHING-LEARNING ASSESSMENT

LEARNING ACTIVITIES TASKS
OUTCOMES
1.Overview of 1.1 Definition Lecture and
Management 1.2 Scope and Objective interactive online
Accounting and 1.3 Phases of Accounting discussion Seatwork
Scope 1.4 Differences and
similarities between 6 hours Case Analysis
financial accounting and Week 1 and 2 exercise
management accounting
1.5 Differences and
similarities between
management and cost
accounting
1.6 Role of Management
Accountant
1.7 Line and Staff
Relationship

2.Financial Statement 2.1 Vertical Analysis Lecture and

Analysis 2.1.1 Comparative interactive online
Statement discussion. Assignment
2.1.2 Trend percentage Case analysis

2.2 Horizontal Analysis Quiz

2.2.1 Common size 6 hours
Statement Week 3 and 4
2.2.2 Financial Ratios

2.3 Cash Flow Statement

2.3.1 Operating
2.3.2 Investing
2.3.3 Financial

2.4 Impact of Inflation

3. Costs and Cost 3.1 Nature of Cost Lecture and

Concept 3.1.1 Cost Driver interactive online Assignment
3.1.2 Cost Pools discussion
 3.1.3 Cost Objects Recitation
Quiz
3.2 Types of Cost
3.2.1 Manufacturing vs
Nonmanufacturing Cost 6 hours
3.2.2 Product vs Period Week 5 and 6
3.2.3 Variable vs Fixed vs
Mixed
3.2.4 Direct vs Indirect
3.2.5 Controllable vs non
controllable
3.2.6 Historical vs Future
3.2.7 Committed vs
discretionary
3.2.8 Sunk costs, marginal
costs, out of pocket costs,
Relevant costs (future vs
differential)

4. Responsibility 4.1 Decentralization Lecture and Seatwork

Accounting Concept interactive online
4.2 Definition of discussion
Responsibility Accounting
4.3 Responsibility Centers
4.3.1 Cost Center
4.3.2 Profit Center
4.3.3 Revenue Center
4.3.4 Investment Center
4.4 Evaluation of
Responsibility Centers
2 hours PRELIM
EXAM
5. CVP Analysis 5.1 Fixed cost concept Lecture and Seatwork
5.2 Variable cost concept interactive online exercises
5.3 Contribution margin discussion
concept
5.4 Break Even point 6 hours
computation
5.4.1 Break even in units Week 9 and Week 10
5.4.2 Break even in peso
sales
 5.5 Desired profit
computation
5.5.1 Desired Profit in
units
5.5.2 Desired Profit in
Peso Sales
6. Relevant Costs in 6.1 Decision Making Process Lecture and Analytical
Decision Making 6.2 Identifying Relevant interactive online exercises
Costs discussion
6.3 Alternatives in Decision Case Analysis
Making
6.4 Types of Decision 6 hours Quiz
6.4.1 Make or Buy Week 11 and 12
6.4.2 Adding or Dropping a
product or segment
6.4.3 Sell Now or Process
Further
6.4.4 Continue or
Shutdown
6.4.5 Pricing Decisions

7. Transfer Pricing 7.1 Significance of transfer Lecture and Group

pricing interactive online collaboration
7.2 Different Transfer discussion
pricing schemes Quiz
7.2.1 Minimum transfer
price 3 hours
7.2.2 Market-Based Week 13
transfer price
7.2.3 Cost based transfer
price
Negotiated transfer price

7. Capital Budgeting 7.1 Capital budgeting Lecture and Group

Decisions definition interactive online exercises
7.2 Elements of Capital discussion
Budgeting
7.3 Capital Investment
Proposal Evaluation
7.3.1 Payback Period 6 hours
7.3.2 Bail out Period Week 14 and 15
 7.3.3 Accounting Rate of
Return
7.3.4 Discounted cash
flow techniques
7.3.4.1Payback
Reciprocal
7.3.4.2 Bailout Period
7.3.4.3 Accounting Rate
of Return
7.3.4.4Profitability
Index
7.3.4.5 Discounted
Payback Period

2 hours Week 16 FINAL Exam

III. REFERENCES:
1. Managerial Accounting: the cornerstone of decision making, 2018 by Mowen
2. Introduction to Managerial Accounting 2016 by Brewer
3. Management Accounting for Business 2019 by Drury
4. Management Accounting 2017 by Cabrera and Balatbat
5. Managerial Accounting 10th Edition 2015 by Garrison and Noreen
6. Managerial Accounting 3rd Edition By Ricketts, Don, Gray and Jack
7. Management Accounting and Control 2017 by Charifzadeh
8. Intr0duction to Management Accounting 2014 by Horngren

Grading System:

Prelims (50%) Finals (50%)

Class activities/quizzes 60% Class activities / quizzes 60%

Preliminary Examination 40% Final Examination 40%

Total 100% Total 100%

FINAL GRADE = 50% PRELIMS + 50% FINALS

GRADE EQUIVALENT:
96-100 = 1.00
94-95 = 1.25
92-93 = 1.50
89-91 = 1.75
87-88 = 2.00
84-86 = 2.25
82-83 = 2.50
79-81 = 2.75
75-78 = 3.00
BELOW 75 = 5.00
INC = INCOMPLETE
FA = FAILURE DUE TO ABSENCES

PREPARED BY: ASST. PROF. ALAIN JOMARIE G. SANTOS, PHD, CPA

PROGRAM COORDINATOR, LEGAL MANAGEMENT

APPROVED BY: PROF. MARILU MADRUNIO, PHD

DEAN, UST FACULTY OF ARTS AND LETTERS