BAF3115 Management Accounting II

BAF3115 Management Accounting II - P.O.BOX 342-01000 THIKA...

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P.O.BOX 342-01000 THIKA [email protected] www.mku.ac.ke Department: Accounting and finance Course Code: ACC 311 Course Title: Management Accounting Name of Author: Emma Anyika
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2 ACC 311: MANAGEMENT ACCOUNTING II Pre-requisites: BBM 221Management Accounting I Purpose: Develop learners understanding of management accounting and apply management accounting tools in costing and pricing of products/services and allocation of overheads Course Objectives By the end of the course unit the student should be able to:- Undertake cost volume process analysis with multiple products and uncertainty. Analyse advanced process costing with spoilage, wastage and defective units. Evaluate advanced variance analysis. Undertake pricing decision making, responsibility accounting, transfer pricing. Course Content: 1. Cost- volume profit analysis - Week1 & 2 Cost- volume profit analysis- multiple products Cost- volume profit analysis- uncertainties 2. Advanced Process Costing - Week 3 & 4 Process Costing- spoilage Process Costing- waste Process Costing- defective units 3. Advanced variance analysis - Week 5 & 6 4. CAT I Week 7 5. Pricing decisions - Week 8 & 9 6. Responsibility accounting Week 10 & 12 7. Transfer pricing Week 12 & 13 8. Exam Week 14 Teaching / Learning Methodologies : Lectures and tutorials; group discussion; demonstration; Individual assignment; Case studies Instructional Materials and Equipment: Projector; test books; design catalogues; computer laboratory; design software; simulators Recommended Text Books:
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3 Anthony A. Atkinson , Robert S. Kaplan, Mark S. Young,(2003), Management Accounting, 4th Edition Collins Drury, (2005), Cost Accounting, Text Books for further Reading: Horngren C.T and Foster, G: (1997), Cost Accounting: A Managerial Emphasis , (9 th Edition) Other support materials: Various applicable manuals and journals; variety of electronic information resources as prescribed by the lecturer
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4 Table of contents TOPIC ONE: EXTENSION OF COST VOLUME PROFIT ANALYSIS ....... 5 1.1 C-V-P Analysis Multiple Products .................................................................................... 5 1.2 C-V-P Analysis under Uncertainty ....................................................................................... 5 1.3 Point Estimate of Probabilitie s……………………………………... ... ……………………5 1.4 Continuous Probability Distribution………………………………………………………7 1.5 Point Estimation of Probabilities………………………………………………………...11 TOPIC TWO: ADVANCED PROCESS COSTING ................................................................ 15 2.0 Objectives ........................................................................................................................... 15 2.1 Process Loss, Scrap and Waste ........................................................................................... 15 TOPIC THREE: ADVANCED VARIANCE ANALYSIS ...................................................... 24 3.1 Interpratation of Variance ................................................................................................... 27 3.1.1 Materiality ........................................................................................................................ 28 3.1.2 Trend ................................................................................................................................ 28 3.1.3 Controllability .................................................................................................................. 28 3.1.4 Variance trend .................................................................................................................. 28 3.2 Management Signals ........................................................................................................... 29 TOPIC FOUR: RESPONSIBILITY ACCOUNTING ………………………………………..33 4.0 Objectives ………………...……………………………………………….………………33 4.1 Responsibility Accounting .................................................................................................. 34 4.2 Cost Centre .......................................................................................................................... 34 4.3 Profit Centre ........................................................................................................................ 34 4.4 Investment Centre ............................................................................................................... 34 4.6 Alternative Performance Measures ..................................................................................... 35 4.7 Return on Investment and Residual Income ....................................................................... 35 TOPIC FIVE: PRICING DECISION ...................................................................................... 45 5.0
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