TEACHING AND LEARNING AT

NUST
BY DR Q. MPOFU
PHD- (NWU-RSA), Msc in Accounting and Finance
(NUST), PGDE (ZOU), Bcom Honors in Accounting
(NUST))
TEACHING AND LEARNING AT CUZ

FACULTY OF COMMERCE, INNOVATION AND TECHNOLOGY

(FCIT)

COST ACCOUNTING & CONTROL 1

COURSE CODE (AC 210)

SECOND YEAR, FIRST SEMESTER

LECTURER: DR Q. MPOFU
+263 774 375321
qmpofu@cuz.ac.zw
 LECTURE DAYS

Students meet on the following days:

Day Time Venue

Tuesday: 17:30 hrs – 20:30 hrs Google Meet

Wednesday: 14:00 hrs – 16:00 hrs Google Meet
Friday: 08:30 hrs – 10:30 hrs Google Meet

Student Contact Time: 48 hours

 PREAMBLE
• The course introduces basic costing and cost accounting topics
to ensure candidates have an introductory overview in cost
accounting techniques used in decision-making.
• The course focuses on cost behaviour, cost forecasting and
cost management systems, measurement and control. Cost
Accountants need to understand how a business should be
managed and controlled and how information systems can be
used to facilitate this objective.
 COURSE AIMS
• To develop knowledge in cost accounting techniques used to
support management in planning, controlling and monitoring
performance in a variety of business contexts
• To utilise cost accounting information in a variety of decision-
making.
 BODY OF KNOWLEDGE
• Planning, controlling, decision making and performance
measurement are key management functions that require the
provision of appropriate financial information.
• The Management Accounting function of an entity through
information provided by the cost accounting function performs
that aspect of performance evaluation using techniques that
include:
• marginal costing, absorption costing, activity based costing,
process costing, breakeven analysis, CVP analysis and
budgeting.
 COURSE OBJECTIVES

• Explain the nature, source and purpose of management

information
• Explain and apply cost accounting techniques and prepare
budgets for planning and control
 COURSE CONTENT
Part A: Basic Cost Accounting Techniques

Definition of cost, emphasizing the role of notional or imputed costs in decision making
Cause-and-effect relationships in Cost Management
Cost Behaviour and Cost Classification
Splitting Total Production Costs into the Variable and Fixed Elements using Algebra and the High-Low
Methods
Cost Forecasting

Part B : Cost Allocation, Apportionment and Absorption

Cost Allocation
Primary Distribution
Secondary Distribution using the Simultaneous Equations and Repeated Distribution Methods
Overhead Absorption
 COURSE CONTENT

Part C : Product Costing

Product Costing
Job Costing
Preparation of Job Quotations
Incorporating profit margin and profit mark-up in job quotes

Part D: Decision-Making Techniques

Marginal Costing
Absorption Costing
Activity Based Costing
Process Costing
Cost-Volume-Profit (CVP) Analysis; Single Product Environment and zero inventory scenario
 COURSE CONTENT

Part E: Budgeting
Types of Budgets: Operational Budgets: Master Budget;
Preparation of Budgets, and
Behavioural Aspects of Budgeting;
 STUDENT ASSESSMENT & MARK ALLOCATION

Assessment will be based on class tests and a final examination

as follows:
Assignment: 30% (Individual Assignment + Online-
test + Group Assignment)
Final examination: 70%
Examination: Four (4) compulsory questions
Duration of the Exam: 3 Hours
 READING MATERIAL

• Drury, C. (2010) Management and Cost Accounting,

Wokingham: Van Nostrand Reinhold.
• Horngren, C. T. (2002) Cost Accounting: A Managerial
Emphasis, Harlow: Financial Times/Prentice Hall.
• Lucey, T. (2012) Cost and Management Accounting: An Active
Learning Approach, London : DP Publications.
• Lucey, T. (2012) Management Accounting, Eastleigh, DP
Publications.
End of Slides

Thank you