City of Malabon University Date Last Revised:

Feb 12, 2021

College of Business and Accountancy Revision Date:
May 18, 2021
BS Management Accounting Semester Adopted:
AY 2021-2022

Vision
The City of Malabon University College of
Business and Accountancy is committed to
produce Trustworthy and Competent
Professionals in the World of Business.
Mission
College of Business and Accountancy of the City
of Malabon University aims to provide life-long
learning with relevant experiences; rooted upon
Ethical and Standard in Business Industries.

College Goals

C.B.A.-C.M.U. generally anchored to the following objectives; to wit:

To keep the students updated with the latest information through in-house seminars and training.

To actualize the theoretical knowledge and application through on-the-job training, case analysis and
management research for economic decision making.

Program Outcomes

A graduate of BS in Management Accounting should be able to:

1. Resolve business issues and problems, with a global and strategic perspective using knowledge
and technical proficiency in the areas of financial accounting and reporting, cost accounting and
management, accounting and control, taxation, and accounting information systems;

2. Conduct accountancy research through independent studies of relevant literature and

appropriate use of accounting theories and methodologies;

3. Employ technology as a business tool in capturing financial and non-financial information,

generating reports and making decisions;
4. Apply knowledge and skills to successfully respond to various types of; and Confidently maintain
a commitment to good corporate citizenship, social responsibility and ethical practice in
performing functions as an accountant.

Course Information
Course Name Course Code
Cost Accounting and Control ACCTG232
Pre-Requisite Subject Course Credit
3 units
None
Course Requirements

Grading System
% Scale Rating Numerical Rating Remarks
98-100 1.00 Excellent
95-97 1.25 Excellent
92-94 1.50 Very Good
89-91 1.75 Very Good
86-88 2.00 Good
83-85 2.25 Good
80-82 2.50 Satisfactory
77-79 2.75 Satisfactory
75-76 3.00 Passed
Below 75 5.00 Failed
INC Incomplete
DO Dropped Officially
DU (5.00) Dropped Unofficially

Course Description
This is a 3-unit is designed to orient the students to the cost accounting and cost management
framework of business. Topics discussed are: overview of cost accounting; job costing systems;

accounting, planning, and control for materials, labor, overhead and standard costing. This
course covers cost
management and strategy and
its implementation. This will
involve the
discussion of the uses of cost
management, contemporary
business environment, strategic
focus and
development of competitive
strategy, contemporary
management techniques and
professional
environment of cost management.
Emphasis shall be given an
implementation of strategy such
as the Balances Scorecard and
Value
Chain, strategy and the Master
Budget, Variable Costing,
Decision Making with Relevant
Costs and
Strategic Emphasis, Cost Planning
for the Product Life Cycle, Target
Costing, Theory of Constraints
and Strategic Planning,
Management Control of
Quality, Management Control
and Strategic
Performance Measurement,
Strategic Investment Units and
Transfer Pricing, and Capital
Budgeting.
The course culminates in the
discussion of Management
Compensation Business
Analysis and
Business
This course covers cost
management and strategy and
its implementation. This will
involve the
discussion of the uses of cost
management, contemporary
business environment, strategic
focus and
development of competitive
strategy, contemporary
management techniques and
professional
environment of cost management.
Emphasis shall be given an
implementation of strategy such
as the Balances Scorecard and
Value
Chain, strategy and the Master
Budget, Variable Costing,
Decision Making with Relevant
Costs and
Strategic Emphasis, Cost Planning
for the Product Life Cycle, Target
Costing, Theory of Constraints
and Strategic Planning,
Management Control of
Quality, Management Control
and Strategic
Performance Measurement,
Strategic Investment Units and
Transfer Pricing, and Capital
Budgeting.
The course culminates in the
discussion of Management
Compensation Business
Analysis and
Business
Course Outcomes
1. Learn the nature of cost accounting.
2. Understand the cost concepts and classifications.
3. Learn the cost accounting cycle.
4. Learn the accounting control and recording of material.
5. Learn the accounting control and recording of labor cost.
6. Learn the accounting control and recording of factory overhead.
7. Understand the concept of standard costing

Time Learning Outcomes Content Teaching Activity Assessment

Week 1 Setting expectation on Orientation to the Course Discussion Online discussion
the course

Week 2 • Understand the • Introduction to Cost • Lecture • Recitation

perspective of cost Accounting • Class Discussion • Quiz
accounting and o Nature and Scope of
how it relates to/ Cost
differs from that of Accounting
management o Objective of Cost
accounting and Accounting
financial accounting. o Uses of Cost Accounting
• Understand how cost Data
accounting fits into an o Recent Developments in
organization’s Cost Accounting
structure.
• Know the recent
updates in cost
accounting.
Week 3 • Define and explain • Cost Concepts and • Lecture • Recitation
cost. Classifications • Class Discussion • Quiz
• Distinguish between o Definition
direct costs and o Classifications
indirect costs. o Cost flow
• Explain variable costs
and fixed costs. o De Leon, De Leon,
• Describe the three Chapter 1
categories of
inventories
commonly found in
manufacturing
companies.
• Distinguish
inventoriable costs
from period costs.
• Explain why product
costs are computed in
different
ways for different
purposes.
Week 4 • Understand the • Cost Accounting Cycle
accounting cycle of a o Inventory Accounts
manufacturing o Factory Cost
firm. o Factory Cost Flow
• Prepare journal o The Manufacturing
entries for Statement
manufacturing o o Journal Entries
 operations.
o De Leon, De Leon,
Chapter 2
Week 5 • Identify six • Accounting for Materials • Lecture • Recitation
categories of costs o Types of Materials • Class Discussion • Quiz
associated with goods o Material Control
for sale o De Leon, De Leon,
Chapter 6

Week 6 • Understand ordering o Controlling the • Lecture • Recitation

costs with carrying Investment in Materials • Class Discussion • Quiz
costs using o EOQ
the economic-order- o Documentations
quantity (EOQ) o Costing Methods
decision model. o Accounting Treatment
• Identify for
Costs

Week 7 MIDTERM
Week 8 • Differentiate direct • Accounting for Labor • Lecture • Recitation
labor from indirect o Labor Cost • Class Discussion • Quiz
labor. o Different Wage Plans
• Calculate and explain o Accounting for Labor
labor costs. Cost
o o Accounting Treatment

o De Leon, De Leon,
Chapter 8
Week 9 • Describe overhead • Accounting for Factory • Lecture • Recitation
costs. Overhead • Class Discussion • Quiz
• Determine the o Definition
different types of costs o Nature and
that should be Classification
accounted for and o Overhead Rate
recorded. o Methods of Allocation
• Allocate common o Departmentalization
costs and o Over and Under Applied
departmentalize o OH Cost Analysis
overhead
costs. o De Leon, De Leon,
Chapter 7
Week • Distinguish job • Job Order Costing • Lecture • Recitation
10-11 costing from process o Definition • Class Discussion • Quiz
costing. o Source Documents
• Outline the seven- o Accounting Procedures
step approach to job for Material, Labor, and
costing. Overhead
• Distinguish actual o Journal Entries
costing from normal
costing. o De Leon, De Leon,
 • Track the flow of Chapter 4
costs in a job-costing
system.
• Dispose of under-
applied or over-
applied
manufacturing
overhead costs at the
end of the fiscal
year.
• Apply variations from
normal costing.
• Understand and
account for the flow of
cost in a job
order cost system
Week • Explain standard • Standard Costing • Lecture • Recitation
12-13 costs. o Definition • Class Discussion • Quiz
• Distinguish between o Standard Cost, Budgeted
a standard cost and a Cost, Normal Costing
budget o Uses of Standard Costs
cost. o Establishment of
• Calculate and explain Standards
material, labor and o Variance Analysis
overhead
variances. o De Leon, De Leon,
• Discuss the reporting Chapter 12
of variances.
• Prepare income
statement for
management under a
standard costing
system.
Week 14 Finals

Suggested Textbooks/Reference Materials:

• De Leon & De Leon (2019). Cost Accounting (2016 edition). GIC Enterprises & Co. Inc.

• Horngren, C., Datar, S., & Rajan, M. (2013). Cost accounting: A managerial emphasis (14th ed.).
Pearson.

Prepared by:
Prof: Donna Zandueta-Tumala, CPA