Faculty of Business Administration

Course Outline

1. Course Code and General Information

Course Code ACT 441
Course Title Cost and Management Accounting
Credit Hours 3
Pre-requisite Accounting for Managers
Program MBA
Semester Spring 2020

2. Instructor and contact information

Faculty Name
Contact Number 00 92…….
Email Address XYZ@IU.edu.pk
Office Number XX-Y
Office Hours

3. Program Learning Outcomes

Critical Thinking and Decision Making

PLO1: Illustrate critical thinking skills in solving complex business problems in a local and
global environment
Leadership Skills
PLO2: Exhibit leadership skills in executing projects in complex business environment
Communication Skills
PLO3: Communicate professionally through oral and written means by using appropriate
technology
Experiential Learning
PLO4: Demonstrate business knowledge through practical assignment by working in a real
environment
Ethics and Values
PLO5: Apply ethical principles and show commitment towards sustainable development goals

4. Course Description
This course Cost & Management Accounting is an indispensable subject which helps students
absorb managerial skills and art of decision-making reducing cost and raising profitability of
the organization. By and large, the splendid knowledge of managerial accounting makes
students well-versed executives and prudent decision makers.

5. Course Objectives
1. Apply basic cost concepts to develop costing systems that will determine the cost of a

Course Outline IQRA UNIVERSITY (IU) Page 1 of 5

 company’s products or services.
2. Apply management accounting concepts and techniques in order to make wise choices
between competing alternatives.
3. Explain management control systems and utilize these concepts in evaluating the
performance of managers, products, or economic units.

6. Course Learning Outcomes (CLO)

1. Describe the fundamental purpose of cost and management accounting and apply cost
concepts to final product cost under different costing systems
2. Understand the role of budgets in organizations, use standard costs to prepare budgets for
planning and control purposes.
3. Identify relevant information for decision making purposes in order to produce financial
analyses for a range of decisions such as product-mix, pricing, outsourcing and special
orders

7. Teaching and Assessment

Code CLO Teaching Strategies Course Assessment
Methods
1 Critical Thinking and Decision Making
CLO 1.1 Explain how management Lecture Examination
accounting can be used to Reading Assignments Quizzes
constructively drive and support Group Discussion Assignments
process improvement to
enhance organizations’
competitiveness through
reducing cost and delivery time,
improving responsiveness and
quality, and supporting
innovation.
CLO 1.2 Identify, evaluate, and utilize
relevant management
accounting information in
making various operational,
investment, and pricing
decisions
CLO 1.3 Identify relevant information for
decision making purposes in
order to produce financial
analyses for a range of decisions
such as product-mix, pricing,
outsourcing and special orders

2 Leadership Skills

3 Communication Skills

Course Outline IQRA UNIVERSITY (IU) Page 2 of 5

 CLO 3.1 Understand the role of budgets Lecture Examination
in organizations, use standard Reading Quizzes
costs to prepare budgets for Assignments Assignments
planning and control purposes Case Studies Project
CLO 3.2 Identify relevant information for
decision making purposes in
order to produce financial
analyses for a range of decisions
such as product-mix, pricing,
outsourcing and special orders

4 Experiential Learning
CLO 4.1 Understand the role of budgets Lecture Examination
in organizations, Use standard Reading Quizzes
costs to prepare budgets for Assignments Assignments
planning and control purposes Case Studies Project
CLO 4.2 Identify relevant information for Group Discussion
decision making purposes in
order to produce financial
analyses for a range of decisions
such as product-mix, pricing,
outsourcing and special orders.
5 Ethics and Values

8. Alignment of Course Learning Outcomes with Program Learning Outcomes

S No. Course Learning Outcomes (CLO) Program Learning Outcomes (PLO)
1 CLO 1.1,1.2,1.3 PLO 1

2 CLO 3.1, 3.2 PLO 3

3 CLO 4.1 & 4.2 PLO 4

9. Course Contents

Course Outline IQRA UNIVERSITY (IU) Page 3 of 5

 Session Topic Recommended Readings

Managerial Accounting, 16th Edition

1 Intro to Cost and Management Acc
By Ray Garrison and Eric Noreen and
Peter Brewer, McGraw Hill

Managerial Accounting, 16th Edition

2 Accounting for Manufacturing
By Ray Garrison and Eric Noreen and
Peter Brewer, McGraw Hill
3
Managerial Accounting, 16th Edition
4 Job and Process Order costing
By Ray Garrison and Eric Noreen and
5 Peter Brewer, McGraw Hill
6 Marginal and Absorption Costing
Managerial Accounting, 16th Edition
Factory overhead and ABC By Ray Garrison and Eric Noreen and
7
Peter Brewer, McGraw Hill
8 Mid term
9 Cost Volume Profit Analysis
10 Budgeting Managerial Accounting, 16th Edition
By Ray Garrison and Eric Noreen and
11
Peter Brewer, McGraw Hill
12
Managerial Accounting, 16th Edition
Standard Costing and Variances
13 By Ray Garrison and Eric Noreen and
Peter Brewer, McGraw Hill
14
Managerial Accounting, 16th Edition
Relevant costs for decision making
15 By Ray Garrison and Eric Noreen and
Peter Brewer, McGraw Hill
16 Final Examination

10. Schedule of Assessment Tasks for Students During the Semester

S. Course Assessment Method Week Due Percent of Total
No. Assessment
1 Quizzes 3, 7, 10, 12 10%
2 Midterm Examination 8 25%
3 Project 15 15%
4 Presentations/Assignment(Cases/Articles) 4, 11, 15 10%
5 Final Examination 16 40%

11. Grading Policy

‘A’ Grade 88 and above
‘B+’ Grade 81-87
‘B’ Grade 74-80

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‘C+’ Grade 67-73
‘C’ Grade 60-66
‘F’ Grade Below 60
12.
13. Text Book(s)
1. Managerial Accounting, Garrison Noreen Bewer, 16th edition.

14. Reference Books & Learning Material

 Harvard Business Review https://hbr.org/
 Fundamentals of Cost Accounting, 4th Edition (2013). By William N. Lanen
Professor , Shannon Anderson Associate Professor , Michael W Maher

15. Code of Conduct

 Follow the University attendance policy.
 Observe the class schedule.
 Keep cell phone off during the class.
 Submit assignments as per requirements.
 Maintain a disciplined, and respectful attitude towards the teacher and fellow students.
 Abstain from any form of plagiarism.

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