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AFRICA BEZA S.C. (AFRICA BEZA COLLEGE)

Tel: (+251)11-5-50 59 95 P.O.Box: 41504
(+251)11-5-50 59 98 e-mail africabezacollege.edu@gmail.com ADDIS ABABA

Course Title: Cost and Management Accounting I

Course Code: ACCT 311
Credit Hours: 3
Description:
The course deals with the theory and technique of cost accounting cost behavior, cost
classification and analysis, systems for establishing costs: absorption and variable costing, cost-
volume profit relationships, cost-benefit analysis and pricing, activity based costing, managerial
use of cost data, nature and objective of managerial accounting.

Course Objective
Up on completion of this course the students will be able to:
 Discuss the role of cost accountant in an organization
 Distinguish between job order and process costing
 Accumulate cost data
 Determine and control costs
 Prepare performance analysis and explain the variances

Course Content
Chapter I: Introduction
1.1. Purposes of accounting system
1.2. Management accounting, financial accounting & coal accounting
1.3. Planning and control decisions
1.4. The value chain of business functions
1.5. Cost-benefit philosophy & behavioral consideration
1.6. Organizational structure and the management accountant
1.7. Management accounting in service business
1.8. Ethical considerations in management accounting

Chapter II: Introduction to Cost Terms & Cost Classification

2.1. Costs & cost terminology
2.2. Cost object and cost driver
2.3. Cost accumulation, assignment and tracing/ allocation
2.4. Classification of costs
2.5. Measuring costs requires judgment

Chapter III: Job Order, process and Operations Costing

3.1. Concepts costing system, cost pool cost allocation

Addis Ababa Nekemte Shashemene Awassa Dilla

Tel.(+251)11-5-50-59-95 (+251)57-6-61-33-33 (+251)46-1-10-42-75 (+251)46-2-20-46-57 (+251)46-3-31-11-89