Republic of the Philippines

ISABELA STATE UNIVERSITY

Echague Campus

COLLEGE OF BUSINESS ACCOUNTANCY AND PUBLIC ADMINISTRATION

Course Syllabus
2nd Semester, School Year 2022 - 2023

ACCTY 121/ MA 121 Cost Accounting and Control 3 3

Course Number Course Title Credit Unit/s Hours per week

VISION
A leading research University in the ASEAN region.
MISSION
The Isabela State University is committed to develop globally competitive
human, technological resources and services through quality instruction,
innovative research, responsive community engagement and viable resource
management programs for inclusive growth and sustainable development.
QUALITY POLICY
The Isabela State University endeavors to be a lead university
in instruction, research, extension and resource generation through
continual improvement of services.
INSTITUTIONAL OUTCOMES
ISU Expected Graduate Attributes
Skilled Communicator (SC)
 Recognizes and values communication as a tool for conveying
and interacting with others, and fostering their own learning.
Inquiry-focused and Knowledgeable (IFK)
 Creates new knowledge and understanding through the process of
research and inquiry
 Demonstrates comprehensive theoretical and technical concepts
related to their field of specialization with relevant connections to
industry, professional and regional knowledge.
Competent and Productive Professional (CPP)
 Initiates and innovates better ways of doing things
 Promotes quality and productivity
Collaborative and Effective Leader (CEL)
 Works in collaboration with others and manages group functioning
to meet common goal.
Lifelong Learner (LL)
 Acquires new skills and adapts to rapid changes in professional
and personal environments

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
 PROGRAM OUTCOMES

Bachelor of Science in Accountancy (BSA)

The graduates of the Bachelor of Science in Accountancy programs must
be able to:
GOALS OF THE COLLEGE
In line with the Isabela State University’s vision and mission, the College of
Business, Accountancy and Public Administration aims to equip its students with
the necessary conceptual, human and technical knowledge, skills and
competence in the different field of specialization in preparation for their complex
function as professionals and responsible citizens in the world of work.
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 system.
2. Conduct accountancy research through independent studies of
relevant literature and appropriate use of accounting theory 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 assessments (including professional licensure and
certification); and
5. Confidently maintain a commitment to good corporate citizenship,
social responsibility and ethical practice in performing functions as
an accountant.

Bachelor of Science in Management Accounting (BSMA)

The graduates of the Bachelor of Bachelor of Science in Management
Accounting Program must be able to:
1. To provide a foundation of professional knowledge, professional
skills and professional values, ethics and attitudes that enable
them to continue to learn and adopt to change throughout their
professional lives.

Course Description
This course equips students with a thorough understanding of the different tools for decision making that are involved in planning and implementing

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
organizational strategies.

Prerequisite/s :
MA 111 and MA 112
Course Outcome:

At the end of the course, the students are expected to:

1. Discuss the concepts of cost, accounting information system and how it relates to the other operating and information systems and the cost accounting cycle.
2. Differentiate job order costing from process costing.
3. Prepare entries for job order costing transactions.
4. Prepare statement of cost of goods sold for manufacturing companies.
5. Prepare cost of production report for companies using process costing.
6. Allocate indirect costs.
7. Describe joint production process from cost accounting perspective, joint cost allocation methods and accounting for by-products.

Course Plan
Intended Learning Outcomes Time Assessment Assessment
Graduate Program Learning Content Teaching Learning
(Learning outcome expected from Allotment Tasks Tools
Attributes Outcomes (Topics to be discussed) Activities Activities
the Learning Content)
State the vision and mission of the Vision and Mission of the
SC, CEL, 1 University, quality policy, University Brainstormi Sharing of 1.5 hour Recitation Rubrics for
institutional outcomes and goals Quality Policy ng ideas Recitation
of the College. Institutional Outcomes Quiz
Goals of the College Discussion Scores
Course Requirements
Classroom Plocies
At the end of this coverage, the Chapter 1: Introduction to Lecture
C, IFK, LL 1 students are expected to: Cost Management Discussion Sharing of 3 hours Recitation Rubrics for
 Describe cost  Financial accounting PPT ideas Recitation
management and explain versus cost presentation Problem Quiz
how it differs from management: A Problem solving Scores
financial accounting. systems framework solving Seatwork
 Identify factors and  Factors and trends
trends affecting the use affecting the use of
of cost management. cost management
 Describe how  The role of
management management
accountants’ function accountants
within an organization.  Accounting and
 Understand the ethical conduct
importance of ethical  Certification

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
 behavior for
management
accountants.
 Identify the three forms
of certification available
to internal accountants.
At the end of this coverage, the Chapter 2: Basic Cost
SC, IFK, CPP, 1 students are expected to: Management Concepts Lecture Sharing of 3 hours Assignment Scores
CEL, LL  Describe a cost  A systems framework Discussion ideas
management information  The growing PPT Problem Quiz
system, its objectives, importance of data presentation solving
and its major analytics within cost Problem Seatwork
subsystems, and indicate management solving
how it relates to other  Cost assignment:
operating and Direct tracing, driver
information systems. tracing, and allocation
 Define data analytics,  Product and service
and describe its role in costs
cost management.  External financial
 Explain the cost statements
assignment process.  Traditional and
 Define tangible and activity-based cost
intangible products, and management systems
explain why there are
different product cost
definitions.
 Prepare income
statements for
manufacturing and
service organizations.
 Explain the differences
between traditional and
contemporary cost
management systems.
At the end of this coverage, the Chapter 3: Cost Behavior and
SC, IFK, CPP, 1 students are expected to: Forecasting Lecture Sharing of 3 hours Assignment Scores
CEL, LL  Define and describe  Basics of cost Discussion ideas
fixed, variable, and behavior PPT Problem Quiz
mixed costs.  Resources, Activities presentation solving
 Explain the use of and Cost behavior Problem Seatwork
resources and activities  Methods of solving
and their relationship to determining cost
cost behavior. behavior

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
  Explain how several  Quantitative methods
methods of cost of separating mixed
estimation can be used. costs into fixed and
 Separate mixed costs variable components
into their fixed and
variable components
using high-low method
At the end of this coverage, the Chapter 4: Activity-Based
SC, IFK, CPP, 1 students are expected to: Costing Lecture Sharing of 6 hours Assignment Scores
CEL, LL  Describe the basics of  Unit-level product Discussion ideas
plantwide and costing PPT Problem Quiz
departmental overhead  Limitations of presentation solving
costing. plantwide and Problem Seatwork
 Explain why plantwide departmental rates solving
and departmental  Activity-based costing
overhead costing may system
not be accurate.
 Provide a detailed
description of activity-
based product costing.
 Explain how A B C can
be simplified.
Preliminary Examination 1.5 hr.
At the end of this coverage, the Chapter 5: Product and
SC, IFK, CPP, 1 students are expected to: Service Costing: Job-Order Lecture Sharing of 6 hours Assignment Scores
CEL, LL  Differentiate the cost System Discussion ideas
accounting systems of  Characteristics of the PPT Problem Quiz
service and production process presentation solving
manufacturing firms and  Setting up the cost Problem Seatwork
of unique and accounting system solving
standardized products  The job-order costing
 Discuss the system: General
interrelationship of cost description
accumulation, cost  Job-order costing
measurement, and cost system: Specific cost
assignment flow description
 Identify the source  Job-order costing with
documents used in job- activity-based costing
order costing  Accounting for spoiled
 Describe the cost flows units in traditional job-
associated with job-order order costing system
costing, and prepare the
journal entries

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
  Explain how activity-
based costing is applied
to job-order costing
 Explain how spoiled units
are accounted for in a
job-order costing system
At the end of this coverage, the Chapter 6: Process Costing
SC, IFK, CPP, 1 students are expected to:  Basic operational and Lecture Sharing of 6 hours Assignment Scores
CEL, LL  Describe the basic cost concepts Discussion ideas
characteristics of process  Process costing with PPT Problem Quiz
costing, including cost no work-in-process presentation solving
flows, journal entries, inventories Problem Seatwork
and the cost of  Process costing with solving
production report ending work-in-
 Describe process costing process inventories
for settings without work-  FIFO costing method
in-process inventories  Weighted average
 Describe process costing costing method
for settings with ending  Treatment of
work-in-process transferred-in goods
inventories  Operation costing
 Prepare a departmental
production report using
the F I F O method
 Prepare a departmental
production report using
the weighted average
method
 Prepare a departmental
production report with
transferred-in goods and
changes in output
measures
 Describe the basic
features of operation
costing
 Explain how spoilage is
treated in a process-
costing system
At the end of this coverage, the Chapter 7: Allocating Costs
SC, IFK, CPP, 1 students are expected to: of Support Departments and Lecture Sharing of 4.5 hours Assignment Scores
CEL, LL  Describe the difference Joint Products Discussion ideas
between support  An overview of cost PPT Problem Quiz

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
 departments and allocation presentation solving
producing departments  Allocating one Problem Seatwork
 Calculate charging rates, department’s costs to solving
and distinguish between other departments
single and dual charging  Choosing a support
rates department cost
 Allocate support center allocation method
costs to producing  Departmental overhead
departments using the rates and product
direct method, the costing
sequential method, and  Accounting for joint
the reciprocal method production process
 Calculate departmental
overhead rates
 Identify the
characteristics of the joint
production process, and
allocate joint costs to
products
Mid-term Examination 1.5 hours
At the end of this coverage, the Chapter 8: Standard
SC, IFK, CPP, 1 students are expected to: Costing: A Functional-Based Lecture Sharing of 4.5 hours Assignment Scores
CEL, LL  Describe how unit input Control Approach Discussion ideas
standards are developed,  Developing unit input PPT Problem Quiz
and explain why standards presentation solving
standard costing systems  Standard cost sheets Problem Seatwork
are adopted  Variance analysis and solving
 Explain the purpose of a accounting: Direct
standard cost sheet materials and direct
 Compute and journalize labor
the direct materials and  Variance analysis:
direct labor variances, overhead costs
and explain how they are  Mix and yield
used for control variances: Materials
 Compute overhead and labor
variances three different
ways, and explain
overhead accounting
 Calculate mix and yield
variances for direct
materials and direct labor
SC, IFK, CPP, 1 At the end of this coverage, the Chapter 9: Quality and
CEL, LL students are expected to: Environmental Cost Lecture Sharing of 3 hours Assignment Scores

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
  Perform job order Management Discussion ideas
costing for service  Costs of quality PPT Problem Quiz
businesses  Reporting quality presentation solving
 Prepare budgets for costs Problem Seatwork
service businesses  Quality cost solving
 Apply activity-based information and
costing to a service firm decision making
 Compare the results of  Controlling quality
cost allocations using costs
simplified costing versus  Defining, measuring,
activity-based costing and controlling
 Prepare a balanced environmental costs
scorecard for various  Environmental costing
businesses entities
 Determine the cost of
quality
SC, IFK, CPP, 1 At the end of this coverage, the Chapter 10: Lean
CEL, LL students are expected to: Accounting and Productivity Lecture Sharing of 4.5 hours Assignment Scores
 Describe the basic Measurement Discussion ideas
features of lean  Lean manufacturing PPT Problem Quiz
manufacturing  Lean accounting presentation solving
 Describe lean accounting  Productive efficiency Problem Seatwork
 Discuss and define  Total productivity solving
productive efficiency and measurement
partial productivity
measurement
 Explain what total
productivity
measurement is, and
describe its advantages
SC, IFK, CPP, 1 At the end of this coverage, the Chapter 11:
CEL, LL students are expected to: Inventory Management: Lecture Sharing of 4.5 hours Assignment Scores
 Describe the just-in-case Economic Order Quantity, Discussion ideas
inventory management JIT, and the Theory of PPT Problem Quiz
model Constraints presentation solving
 Discuss just-in-time (J I  Just-in-case inventory Problem Seatwork
T) inventory management solving
management  JIT inventory
 Explain the basic management
concepts of constrained  Basic concepts of
optimization constrained
 Describe how the theory optimization

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
 of constraints can be  Theory of constraints
used to manage
inventory

Final Examination – 1.5 hours

Course Requirements:
Mandatory Grade Equivalent
Quizzes
Exams 1.0 98 – 100
Optional 1.25 95 – 97
1.5 92 – 94
For enrichment students are highly encourage to participate and attend off campus activities like seminars, symposium and 1.75 89 – 91
conferences 2.0 86 – 88
2.25 83 – 85
Grading Scheme 2.5 80 – 82
Quizzes 20% 2.75 77 – 79
Others 15% 3.0 75 – 76
(Report/Problem solving/Assignments/Exercises/Class Participation) 5.0 74 and below Failed
Prelims 15 % Inc. Incomplete
Midterm Exam 25%
Final Exam 25%
Total 100%

References:
Agamata. (2017). Management Advisory Services, 2017 Ed. Conanan Publishing Inc.
Brewer, Garrison & Noreen. (2016). Introduction to Managerial Accounting. Seventh edition. McGrawHill.
Cabrera, E. (2017). Management Accounting Concepts and Applications. , Conanan Publishing Inc.
De Leon,. Norma, De Leon, E., De Leon, G. (2016). Cost Accounting. GIC Enterprises & Co. Inc.
Lanen, W. Anderson, S., Maher, M. (2015). Fundamentals of Cost Accounting 4th Ed. McGraw-Hill Education
Rante, G. (2013). Cost Accounting. Millenium Books Inc.
Vanderbeck, E.,& Mithcell, M. (2017). Principles of Accounting 17 th Ed. Cengage Learning Asia Pte Ltd.
Hilton, R. (2015). Managerial Accounting. 7th Ed. McGrawHill.
Schneider, (2015). Managerial Accounting. 2009 Ed. Cengage Learning.

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
Classroom Policies:

1) Uniform and Dress code

a. Students should be in proper uniform, wear school ID and appropriate shoes except during laboratory class.
b. On Wednesday, hip-hop dresses and get-ups are not allowed, e.g. shorts, slippers, earrings for males, spaghetti strap, etc.
c. PE uniform should be worn only during PE class

2) Attendance, Tardiness and Absenteeism

a. Minimum of 80% attendance of the total contact hours in the subject is required (checking is done every meeting)
b. Tardiness of 15 minutes is equivalent to one hour period absence.
c. A minimum of 3 consecutive absences without justifiable reasons requires a promissory note from the college guidance coordinator
d. Six (8) cumulative absences in the class means “drop” in the subject.
e. Failure to take the prelim exam preceded by absences means “drop” in the subject.
f. Failure to attend regular classes after taking the prelim exam means of grade of 5.0 in the subject.

3) Taking Examinations
a. Cheating and copying are strictly prohibited, “when caught cheating during the quizzes and long exams, deduction of points will be imposed”, during mid- term
or final exams, means a grade of 5.0 in the subject.
b. Borrowing of calculators and other exam paraphernalia is NOT allowed during exams.
c. During prelim, mid-term and final exams only answer sheets, permits, calculators, pens pencils and erasers are allowed on the desk; other things should be
deposited on a place designated by the teacher.
d. Other policies will be imposed as deemed necessary and agreed upon between the students and the subject professor.

4) Other Policies
a. Cell phones should shut-off during class hours.
b. Chairs should be arranged before leaving the classroom.
c. Vandalism is strictly prohibited and punishable.
d. No smoking within the school premises.
e. Students under the influence of liquor are not allowed inside the school compound.
f. Any form of deadly weapons should not be brought to school except cleaning/cutting tools during clean-up days and laboratory classes.
g. Unnecessary noise to the point of creating disturbances is prohibited.

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2
 h. Proper grooming should be observed (i.e. short and undyed hair for males)
i. Other policies will be strictly imposed as contained in the student handbook.

Prepared by:
Checked by: Approved by:

Cristy T. Ancheta, MSA, CPA Ferdinand Q. De Guzman, DBM, CPA Eva U. Cammayo, Ph.D., CPA
Faculty/Subject Teacher Department Chair Dean

ISUE-BAP-Syl-014
Effectivity: 8/1/2020
Revision: 2