Course: Managerial Accounting

Semester: SPRING 2021

Course ID:
Faculty:

COURSE OUTLINE

PREREQUISITE COURSE
Intermediate Accounting

COURSE OBJECTIVE
The course aims to teach students the tools and techniques used by management accountants in providing
useful information for internal decision-making within an organization.

COURSE LEARNING OUTCOMES

After studyingthis course,students will beableto:

CLO 1: Understand the role of management accountants in an organization and the importance of ethical
standards.
CLO 2: Identify the major differences and similarities between financial accounting and managerial
accounting.
CLO 3: Understand cost concepts and their classifications.
CLO 4: Perform process costing and understand the flow of costs in the system.
CLO 5: Perform job-order costing and understand the flow of costs in the system.
CLO 6: Understand the different types of costs and analyse their behaviour.
CLO 7: Perform cost-volume-profit analysis in different scenarios.
CLO 8: Understand the application of absorption and variable costing methods.
CLO 9: Understand the budgeting process and prepare various budgets.
CLO 10: Calculate standard costs and apply the variance analysis mechanism for effective monitoring.
CLO 11: Take rational decisions after careful cost analysis in different scenarios.
CLO 12: Understand the philosophy and application of activity based costing within an organization.
CLO 13: Discuss their course project work through a class presentation.
CLO 14: Understand the real-world application of the course topics through interaction with industry
professionals.

PROGRAM LEARNING OUTCOMES

PLO 1: Students have the skills to become an entrepreneur.

PLO 2: Students have the skills and knowledge required by the corporate sector.
PLO 3: Students have the abilities to serve at leadership positions.
PLO 4: Students develop analytical, problem solving and team working skills.
PLO 5: Students develop an understanding of the corporate business environment by working on
internships, industry based projects, guest speaker sessions, seminars, workshops.
PLO 6: Students are able to confidently deal with day to day activities of running a business.
PLO 7: Students are able to apply various analytical approaches for effective decision making.
PLO 8: Students are able to recommend out-of-the-box solutions to real world problems.
PLO 9: Students are able to understand the importance of ethical considerations in business.
PLO 10: Students are able to understand the role of organizations for performing social welfare activities.
PLO 11: Students are able to find suitable employment in the corporate sector according to their area of
specialization.
PLO 12: Students are able to add value to their respective organizations and the society at large.
PLO 13: Students have the necessary skills to pursue further studies in the management science domain
both locally and internationally.

WEEK TOPIC CLO PLO

Week 1 AN OVERVIEW OF MANAGERIAL CLO 1, CLO PLO 2, PLO

ACCOUNTING 2 4, PLO 8,
PLO 13.
Week 2 COST CONCEPTS AND CLASSIFICATIONS CLO 3 PLO 2, PLO
4, PLO 9,
PLO 12,
PLO 11.
Week 3 JOB-ORDER COSTING CLO 4 PLO 2, PLO
4, PLO 6,
PLO 13.
Week 4 PROCESS COSTING CLO 5 PLO 2, PLO
4, PLO 6,
PLO 13.
Week5 ANALYSIS OF COST BEHAVIOR CLO 6 PLO 2, PLO
4, PLO 6,
PLO 13.

Week 6 COST-VOLUME-PROFIT ANALYSIS CLO 7 PLO 2, PLO

4, PLO 6,
PLO 11.
Week 7-8 ABSORPTION COSTING & VARIABLE CLO 8 PLO 2, PLO
COSTING 4, PLO 12,
PLO 13.
Week 9-10 BUDGETING CLO 9 PLO 2, PLO
4, PLO 12,
PLO 13.
Week 11 STANDARD COSTING & VARIANCE CLO 10 PLO 2, PLO
ANALYSIS 4, PLO 9,
PLO 12,
PLO 11.

Week 12 RELEVANT COSTING FOR DECISION CLO 11 PLO 2, PLO

MAKING 4, PLO 6,
PLO 8, PLO
11, PLO 13.

Week 13 ACTIVITY BASED COSTING CLO 12 PLO 2, PLO

4, PLO 6,
PLO 8, PLO
11, PLO 13.

Week 14 PROJECT PRESENTATIONS CLO 13 PLO 2, PLO

5, PLO 8.

Week 15 GUEST SPEAKER SESSION CLO 14 PLO 2, PLO

 5.

COURSETEXTBOOK
Managerial Accounting (16th Edition) by Ray Garrison, Eric Noreen and Peter Brewer.

REFERENCE TEXTBOOKS
1. Managerial Accounting: Tools for Business Decision Making (7 th Edition) by Jerry J.Weygandt,
Paul D. Kimmel and Donald E. Kieso.
2. Management and Cost Accounting (8th Edition) by Colin Drury.

CASES STUDIES
Case studies will be given to students on a periodic basis to illustrate real-world applications of various
topics covered in this course.

GROUP PROJECT
Each project group should prepare a master budget and accompanying functional budgets (including
assumptions) for a proposed new business venture in Pakistan. The project must also be presented in class
via a PowerPoint presentation.

COURSE ASSESSMENT

Quizzes/Assignments 10 marks

Class Participation 5 marks

Presentation 5 marks

Project 20 marks

Midterm Exam 25 marks

Final Exam 35 marks