ACCTG4 syllabus

MANILA BUSINESS COLLEGE

Course Syllabus in Management Accounting

2^nd Trimester , A.Y. 2015-2016

SUBJECT CODE	ACCTG4
SUBJECT  TITLE	MANAGEMENT ACCOUNTING
SUBJECT PREREQUISITE	Cost Accounting, Part 1 & Part 2
SUBJECT DESCRIPTION	The course is designed to prepare the student for effective financial decision-making at a managerial level. This course will introduce students specifically to managerial accounting: the accounting process that uses financial information to organize and govern finances within an organization
COMPETENCY  STANDARDS        General Objectives:	At the end of the course, the students are expected to integrate qualitative factors along with quantitative ones in the problem-solving process and identify the relevant costs/revenues in different situations, and use them to make short-term and long-term economic choice decisions.

TIME FRAME	TOPIC	SPECIFIC OBJECTIVES	METHDOLOGY	ACTIVITIES	Learning Outcome	Remarks
Week   1             2	Introduction to Managerial Accounting	1.                   Describe how managerial accounting is used in different types of organizations to support the key functions of management. 2.                   Define and give examples of different types of cost: Out-of-pocket or opportunity costs Direct or indirect costs Variable or fixed costs Relevant or irrelevant costs Manufacturing or nonmanufacturing costs Product or period costs	Lecture/ PPT Presentation Problem-solving Discussion	Assignments Seatwork Quizzes Recitations	Understand the key differences between financial accounting and managerial accounting.
Week   3             4             5	Cost – Volume Profit and Break-even Analysis	1.                   Know and understand the different cost behavior patterns and their importance in cost analysis, profit planning and decision making. 2.                   Learn how to identify mixed costs and separate them into fixed and variable components 3.                   Learn the nature and uses of cost-volume-profit analysis 4.                   Understand break-even analysis using algebraic formula and graphical approaches 5.                   Know how to determine break-even point when multiple products are sold in combination 6.                   Know the different assumptions  underlying  cost-volume-profit and break-even analysis	Lecture Illustration and example Computation Discussion	recitation Assignment Quiz	Understand the different assumptions underlying cost-volume-profit and break-even analysis.
Week    6              7              8	Variable and Absorption Costing	1.                   Know the meaning and salient features of variable costing 2.                   Understand the difference between variable costing and absorption or conventional costing methods. 3.                   Prepare income statements using absorption and variable costing 4.                   Reconcile absorption costing income with variable  costing income 5.                   Understand how the standard cost accounting system is used with absorption and variable costing 6.                   Know the advantages and disadvantages of using variable costing	Lecture Illustration and example Computation Discussion	recitation Assignment Quiz	Prepare income statement using absorption and variable costing.
Week 9	MIDTERM EXAM
Week  10                            11	Financial Statement Analysis	1.          Understand how financial statements analysis can help financial analysts and the different users of financial statements. 2.          Understand the meaning of common size statements and the advantages of preparing such statements. 3.          Know how to develop  financial ratios and understand their use in financial statement analysis. 4.          Know how to test the company’s liquidity, solvency, profitability and attractiveness to investors with the use of ration analysis 5.          Analyze variations in gross profit due to changes in sales and cost factors	Lecture Illustration and example computation discussion	Seatwork Assignment Quiz	Evaluate a firm using the different financial statement tools in analyzing the performance.
Week   12             13             14	Budgeting	1.          Know the nature and characteristics of budgets. 2.          Understand the importance and functions of budgeting 3.          Know the nature and composition of them master budget plan. 4.          Know the basic procedures used in preparing budgets 5.          Understand how budgets are used for planning, control and performance evaluation	Lecture Illustration and example computation discussion	Seatwork Assignment Quiz	Prepare a master plan budget.
Week    15              16              17                               18	Pricing Decisions FINAL EXAM	1.                   Understand the objectives of pricing policies 2.                   Know  the four basic market models and their effect on pricing decisions. 3.                   Know the other factors or variables affecting pricing decisions 4.                   Understand the different types of price setting methods 5.                   Learn how to apply the different price setting methods	Lecture Illustration and example computation discussion	Seatwork Assignment Quiz	Learn how to apply the different price setting methods.

COURSE REQUIREMENTS:

• Completion and submission of all Exercises as prescribed.
• Taking and passing all Long Test, Mid term and Final Examination
• Demonstrated active participation in all classroom discussions and activities.

GRADING SYSTEM:  Students will be evaluated based on homework assignments, examinations and class participation. The homework assignments and exams will be graded on a scale from 50% to 100%. Student’s grade will be divided into two: Midterm Grade and Final Grade. The Midterm Grade will be based and computed using the following weights:

Description	Percentage
Assignments	10%
Attendance	10%
Participation	10%
Long Quizzes	20%
Short Quizzes	10%
Midterm	40%
TOTAL	100%

Computation of Grades

Midterms:

Class Standing                                    30%

            Quizzes                                               30%

            Midterm Exam                                    40%

Finals:

Midterm Grade                                   40%

Class Standing/Quizzes                      20%

            Final Exam                                          40%

Assignments: This will be assigned almost every class period. Homework will not be accepted after the due date. Exceptions will be made in extenuating circumstances and at the discretion of the instructor

Quizzes: There will be many short and long quizzes, probably one short quiz for every class period and one long quiz for every main topic. Quizzes will relate to current and previous topics. Quiz may be given at ANY time during any class period—immediately after the lecture, at the beginning or end of the class. Last, quizzes will be given only to those who are present when the quizzes are passed out.

Midterm / Final Exam: The Midterm and Final Exam will be comprehensive and can be non-multiple choice problem. The examinations must be taken as scheduled and as announced in class. Exceptions will only be made in extenuating circumstances and at the discretion of the instructor. There will be a make up exams if the students have valid reason. Make up exams will differ from those given in class but will cover the same material. The examinations are closed book.

Attendance: The students are given 15minutes grace period before they are considered late in the class. Late or absences will be graded as 50%.  Students with excuse letter or valid reason will be considered. Anyone who has more than four unexcused absences will receive incomplete grades.

TEXTBOOK : Principles of Management by Elenita Balatbat