SCHOOL OF GRADUATE STUDIES (SOGS)

POSTGRADUATE
COURSE OUTLINE (SYLLABUS)
A. COURSE DETAILS:

COURSE CODE MCPC614 CREDIT HOURS 3 LEVEL 600

COURSE TITLE COST AND MANAGEMENT ACCOUNTING

ACADEMIC YEAR 2021/2022 SEMESTER SECOND

PROGRAMME MASTER OF BUSINESS ADMINISTRATION

Course URL: http//:

B. COURSE INSTRUCTOR(S) DETAILS:

Name: Course Lead DR SAMUEL ANTWI,

Office Location SCHOOL OF GRADUATE STUDIES SECRETARIAT

Mobile 0244568923

Email - Course Lead Antwi.samuel@upsamail.edu.gh/

Email - Head of redeemer.dornudo@upsamail.edu.gh

Department
Course Lecturer(s) DR SAMUEL ANTWI
DR RICHARD AMANKWA FOSU
MR THOMPSON ANEYIRE KUBAJE
MR DESMOND ABOAGYE
MR. PRINCE YEBOAH BOATENG
MR. PRINCE SUNU

C. COURSE DESCRIPTION
Cost and Management accounting is a very important component of success of any large
undertaking within any jurisdiction. When we talk about cost and management accounting, we
usually keep in mind those accounting and costing techniques managers usually employ in
their daily decision-making roles.

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 This course seeks to introduce students to Cost and Management Accounting tools, methods and
techniques employed in ascertaining the cost of producing goods and rendering services. The
course will focus on the application of costing and management accounting techniques and
methods that aid management in performing their functions to enable them make informed
decisions. In this regard, you will learn to understand and apply such key terms of the
management accounting as decision-making, etiquettes of sound management, decision-making
costs, relevant costs, budgeting, investment appraisal etc. It also aims at equipping students to
apply accounting and costing techniques in preparing budgets and making short term decisions.

This course will be facilitated in the form of lectures, group works, class activity and project
presentations.

PREREQUISITE (IF ANY)

This course has no prerequisite because it is a second-year course. Students are however required to
have some level of accounting at the first degrees or from their work places.

D. COURSE OBJECTIVES
This course is designed to provide students with an understanding of Accounting and costing
techniques within the context of practical managerial decision-making processes in organizations.
Students/participants will be equipped with the necessary financial and managerial tools for short-
and long-term decision-making skills
At the end of the course, students would be expected to:
 Explain the nature cost and management accounting
 Classify and separate cost for decision making
 Apply Break-even analysis in decision making
 Explain the difference between job, batch, service and contract costing
 Identify the various relevant costs for decision making.
 Apply budgeting and budgetary control in decision making
 Apply standard costing for corrective action

E. COURSE LEARNING OUTCOMES

At the end of this course, students will:
 Demonstrate understanding of cost and management decision-making techniques;
 Explain the Cost-Volume-Profit (CVP) analysis in a given situation;
 Identify the different pricing methods in cost and management accounting and elements that
goes into their determination;
 Prepare the necessary financial statements to aid management in decision making;
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 Apply/Analyse costing techniques in short-term decision-making processes;
 Understand how managerial decision are made using costing and management techniques;
 Acquire analytical skills in the preparation of budgets for resource allocation;
 Ability to prepare short- and long-term budgets for organizations;
 Using the concepts of variance analysis for correctives measures in an organization;

F. COURSE CONTENT IN A WEEKLY FORMAT

The course outline on weekly format, and describing the topics to be thought in each week
WEEKS COURSE CONTENT
WEEK 1 The nature of Cost Accounting:
 Introduction to the Course
 The purpose of Cost accounting
 Difference between Cost Accounting,
Management, accounting and Financial
Accounting
 Data and Information.
 Costing Terminology and usage

WEEK 2 Classification of Cost and separation of cost for decision marking

 Explain methods and techniques of costing
 Traditional Cost methods and Activity Based
Costing

WEEK 3 Job, Batch, Service, Contract Costing:

 Difference between Job, Service, Batch and
Contract Costing.
 Prepare Job, Batch and Service Costing Accounts.

WEEK 4 Marginal and Absorption Costing.

 Prepare income statement using marginal and
absorption approach.
 Reconcile marginal and absorption costing.

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WEEK 5 Break- even Analysis:
 Uses of break-even analysis
 Calculation of break-even analysis
 The graphical Method
 The equation Method

WEEK 6
Relevant Costing and Short-Term Decision Making:
 Introduction to Relevant Costing.
 Short-Term Decision Making.
 Special pricing/make or buy decisions.
 Limiting Factors

WEEK 7 Budgeting and Budgetary Control:

 Features of Budget.
 Advantages and disadvantages.
 Types of Budgets.
 Flexible and fixed budgets

WEEK 8 Budgeting and Budgetary Control:

 Functional Budgets Calculations.
 Master budget Calculations.
 Cash Budget Calculations.

WEEK 9
MID SEMESTER EXAMINATION

WEEK 10 Standard Costing:

 Definition and Features of Standard Costing.
 Advantages and disadvantages
 Types of Standard Costing

WEEK 11 Standard Costing:

 Variance Analysis – Calculations.
 Reconciliation of variances.

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WEEK 12 Performance Measurement and Evaluation:
 Financial Performance Measurements.

 Non-Financial Performance Measurements.

WEEK 13 REVIEW OF COURSE

Revision (assignments and tutorial questions).

G. COURSE TOPICS CREDIT HOURS ACTIVITIES AND READINGS IN A WEEKLY

FORMAT

CREDIT
WEEK TOPIC ACTIVITIES READINGS
HRS
WEEK 1 3 Lecture, Class Oduro. R.
THE NATURE OF
Discussion. Chapter 1
COST ACCOUNTING
Pages 5-30
WEEK 2 CLASSIFICATION 3 Lecture, Class
COST & Discussion

SEPARATION OF Oduro. R.
COST FOR Chapter 5
DECISION Pages 106-133

MARKING

WEEK 3 JOB, BATCH, 3 Lecture, Class

SERVICE, Discussion and
Quiz Oduro. R.
CONTRACT Chapter 8,9,10 &
COSTING 11

WEEK 4 MARGINAL AND 3 Lecture, (Industry

ABSORPTION expertise) Class Oduro. R.
Discussion. Chapter 12
COSTING. Pages 375-398

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 WEEK 5 BREAK- EVEN 3 Lecture, Class
Oduro. R.
Discussion
ANALYSIS. Chapter 13
Page 399-453

WEEK 6 RELEVANT 3 Lecture, Class

COSTING AND Discussion, Oduro. R.
SHORT-TERM Chapter 15
DECISION MAKING Page 477-586

WEEK 7 3 Lecture, Class

BUDGETING AND Discussion
Oduro. R.
BUDGETARY
Chapter 16&17
CONTROL

BUDGETARY
WEEK 8 3 Lecture, Class
CONTROL
WEEK 9 3 Mid semester
Quiz.
CLASS ASSESSEMENT

WEEK 10 3 Lecture, Class Oduro. R.

STANDARD COSTING Discussion. Chapter 19 page
787-869
WEEK 11 3 Lecture, Class Oduro. R.
VARIANCE Discussion Chapter 20
ANALYSIS Pages 870-940
WEEK 12 PERFORMANCE 3 Lecture, Class
MEASUREMENT Discussion, Quiz
AND EVALUATION

WEEK 13 3 Class Discussion Lecture Notes

REVIEW OF COURSE

H. COURSE ASSIGNMENT
The course will be assigned using the following methods;
INDIVIDUAL WORKS AND GROUP WORK

I. COURSE INSTRUCTIONS
The course will be delivered using the following course instruction methods:
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 STUDENT LED LEARNING: where students working together to support each other,

PROBLEM BASED LEARNING: a student-centered approach, where students learn about a

subject through exploring the subject and solving problems,

J. COURSE ASSESSMENT
The course will be assessed using the FORMATIVE AND SUMMATIVE ASSESSMENT

K. FORMATIVE ASSESSMENT
Formative assessment or assessment for learningg involves a continuous way of checks and
balances in the teaching learning processes (Jeri, 2018).
The method allows Lecturers to check their learners' progress as well as the effectiveness of
their own practice, thus allowing for self-assessment of the student.

The following formative assessment methods will be used ANALYSIS OF STUDENTS

WORK. In this, the lecturer assign, collect and examine student work continuously to assess
student learning and to revise and improve teaching, THINK-PAIR-SHARE (TPS). This is a
collaborative learning strategy in which students work together to solve a problem or answer
a question about an assignment. This technique requires students to (1) think individually
about a topic or answer to a question; and (2) share ideas with classmates.

LEVERAGING OF TECHNOLOGY
Moodle, email, and WhatsApp, given convenience and speed, would be used to send and
retrieve course materials.

L. SUMMATIVE ASSESSMENT
EXAMINATION STRUCTURE
The structure of examination is as shown below

INTERIM EXAMINATION FINAL EXAMINATION

Number of Questions 2 4

Allocated Hrs. 1 3

Compulsory Questions All Compulsory All Compulsory

Total marks broken down as follows

Final Examination 60%

Interim Examination 20%

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 Assignments 15%

Class attendance 5%

TOTAL 100%

Interim Examination - Additional Information

Student ID card, pen, pencil, eraser, calculator

Final Examination - Additional Information.

Essay-type questions will include a mini case study

Assignments - Additional Information.

Group assignment,
Individual assignment,
Hard copy submission

Class Attendance - Additional Information

There is no a make-up quiz or assignment for a missed one unless on medical
grounds or on university assignment.

M. MAIN READING REFERENCES

1. Oduro,R., (2019) Cost and Management Accounting (Revised edition)

READING REFERENCES LIST

2. Atkinson & Kaplan. (2019). Management Accounting for Decision-making

3. Collin Drury (2006). Cost and Management Accounting.
4. CIMA Study Text, Management Accounting
5. Hilton S., Ronald, W., & Favere-Marchesi, M. (2010). Managerial accounting,(1st ed.). New York:
McGraw-Hill/Irwin.
6. ICAG ,1.4 Study Manual, Introduction to Management Accounting, Emile Woolf International.
7. ICAG ,2.2 Study Manual, Management Accounting, Emile Woolf International.
8. Ravi, M. K. (2013). Advanced management accounting. (3rd ed.) New Delhi: India and Oscar
Publications, DEL.
9. ACCA,F 2 Study Text.Management Accounting. Emile Woolf International Publishing (2021)

EMPLOYABILITY SKILLS
At the end of the course the students will be equipped with the following employability skills to
this extent. On a scale of 1-5. 1 is the lowest 5 is the highest.

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 SKILLS SCALE

Ability to work independently 5

Ability to work under pressure 5

Analytical skills 5

Communication skills/Interpersonal skills 5

Computer skills 3

Creativity/Creative thinking 5

Decision making 5

Entrepreneurial Skills 5

Leadership skills 5

Negotiating Skills 5

Organisational skills 5

Problem Solving Skills 5

Team work and team orientation 5

Time management 5

Writing Skills 4

REACH THE FOLLOWING IF YOU HAVE ANY FEEDBACK OR COMPLAINT

POSITIONS EMAIL
antwi.samuel@upsamail.edu.gh
Lead Lecturer
redeemer.dornudo@upsamail.edu.gh
Head of Department
director.qualityassurance@upsamail.edu.gh
Director - Quality Assurance

Academic Dishonesty
Please remember Academic Dishonesty:

● Harms the good name of the University

● Affects your personal integrity
● Is a barrier to knowledge and attitude you would have acquired
● Decrease your value in the eyes of people
● Have a heavy penalty
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DO NOT CHEAT OR CONDONE CHEATING

SERVICE EXCELENCE

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