Thursday 12 July 2018

ACC2236 - Management Accounting Study Plan

Assalamualaikum and dear students,

Below is the study plan for this semester. Do some reading and it will enhance you knowledge. Always browse thru this blog or any other blogs which you may find suitable and relevant.



WEEK 1
9/7/18 – 13/7/18
TOPIC 1: INTRODUCTION TO MANAGEMENT ACCOUNTING
·     The role of management accounting
·     Basic terminology in management accounting
·     Cost behaviour

WEEK 2
16/7/18 – 20/7/18

TOPIC 2: ABSORPTION AND MARGINAL COSTING
·      Definition and concept of absorption and marginal costing
·      Comparison between absorption and marginal costing
·      Advantages and disadvantages of absorption and marginal costing
·      Absorption and marginal costing statement
WEEK 3
23/7/18 – 27/8/18
TOPIC 2: ABSORPTION AND MARGINAL COSTING – cont’
·       Absorption and marginal costing statement

WEEK 4
30/8/18 – 3/8/18

TOPIC 3: ACTIVITY-BASED COSTING (ABC)
·         Emergence of ABC costing system
·         Principles of ABC
·       Comparison between ABC with traditional systems (marginal & absorption costing)
WEEK 5
6/8/18 – 10/8/18
TOPIC 3: ACTIVITY-BASED COSTING (ABC) – cont’
·         ABC costing statements
WEEK 6
13/8/18 – 17/8/18
TOPIC 4: COST-VOLUME PROFIT
·         Mathematical approach to CVP analysis
·         Break-even analysis: Single product vs. multiple products and its limitations
WEEK 7
17/8/18 – 26/8/17
MID-SEMESTER BREAK
WEEK 8
27/8/18 – 31/8/18
TOPIC 4: COST-VOLUME PROFIT – cont’
Contribution margin analysis
WEEK 9
3/9/18 – 7/9/18
TOPIC 5: RELEVANT COST FOR SHORT TERM DECISION MAKING
·           Concept of relevant costs
·           Make or Buy
·           Accepting or rejecting order


WEEK 10
10/9/18 – 14/9/18
TOPIC 5: RELEVANT COST FOR SHORT TERM DECISION MAKING – cont’
·           Concept of relevant costs
·           Make or Buy
·           Accepting or rejecting order
WEEK 11
17/9/18 – 21/9/18

TOPIC 6: BUDGETARY PLANNING AND CONTROL
·         Functions and types of budgets
·         Preparation of the budget

WEEK 12
24/9/18 – 28/9/18
TOPIC 6: BUDGETARY PLANNING AND CONTROL  cont’
·         Fixed and flexible budgeting
·         Behavioural aspects of budgeting
WEEK 13
1/10/18 – 5/10/18
TOPIC 6: BUDGETARY PLANNING AND CONTROL  cont’
·         Fixed and flexible budgeting
·         Behavioural aspects of budgeting

WEEK 14
8/10/18 – 12/10/18
TOPIC 6: BUDGETARY PLANNING AND CONTROL  cont’
·         Fixed and flexible budgeting
·         Behavioural aspects of budgeting
TOPIC 7: STANDARD COSTING AND VARIANCE ANALYSIS
·           Introduction and types of standards
WEEK 15
15/10/18 – 19/10/18
TOPIC 7: STANDARD COSTING AND VARIANCE ANALYSIS – cont’
·         Material variances
·         Labour variances
·         Overhead variances – Variable and fixed
·         Profit reconciliation statements
WEEK 16
22/10/18 – 23/10/18
TOPIC 7: STANDARD COSTING AND VARIANCE ANALYSIS – cont’
·         Material variances
·         Labour variances
·         Overhead variances – Variable and fixed
·         Profit reconciliation statements

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