Costing & Control Systems - Course Objectives only
Autor: octopus • November 7, 2015 • Coursework • 716 Words (3 Pages) • 1,297 Views
Costing & Control Systems
Course Objectives
The course emphasizes a central theme that “there are different costs for different decision- making situations and that the costs are the results of management decisions”. The course is designed on this theme and it enables the student to:
1. Understand measurement of various types of costs and tracing them to products/services and/or to customers.
2. Understand the role of relevant costs in alternative choice decisions to develop better strategies for competitive advantage.
3. Understand the importance of cost behavior and opportunity costs when evaluating multiple future/uncertain courses of action.
4. To understand the role of budgets and variances in improving cost effectiveness and profitability.
Pedagogy
With emphasis on individual and collaborative learning, the course will be taught through the case method. For every topic, the background reading material will be provided and a case will be used for class discussion.
Text Books
Cost Accounting: A Managerial Emphasis (14th Edition)
Horngren, Datar, Foster, Rajan, Ittner (Referred in the session schedule as ’Horngren’)
Accounting: Text and Cases (13th Edition)
Robert N Anthony, David F Hawkins and Kenneth A Merchant (Referred in the session
schedule as ‘AHM’)
Evaluation | |
Class Participation | 20% % |
Quizzes | 30% |
Examinations | 50% |
All quizzes would be surprise quizzes and will have equal weightage. Request for re- evaluation of quizzes would not be normally entertained. For students who might not be able to keep pace with the class, remedial sessions may be offered on specific request of the student body.
SESSION SCHEDULE
Session 1 | Introduction to cost terms and cost classification Reading : 1. Chapter 16 (AHM), Chapter 2 (Horngren) 2. Managerial Accounting – An Introduction 3. Note on Schematic Framework for analyzing and classifying cost terms Case : Polaris General Products 78 (Booklet) |
Session 2 | Cost – Volume – Profit analysis for assessment of financial viability Reading : Chapter 3 (Horngren) Case : Prestige Telephone Company (AHM), p. 497 |
Session 3 | Conventional Cost Allocation, Cost Centres and Activities Reading : 1. Chapter 15 (Horngren), pp 630-645 2. Chapter 18 (AHM), pp 541-553 Case : Huron Automotive Company (AHM), p. |
Session 4 | Activity Based Costing – Manufacturing Reading : 1. Chapter 5 (Horngren) 2. Chapter 18 (AHM), pp 553-563 Case : Midwest Office products (AHM) ,P 567 |
Session 5 | Activity Based Costing – Service Sector Reading : 1. Chapter 5 (Horngren) 2. Chapter 18 (AHM), pp 553-563 Case : The Buckeye National Bank (Booklet) |
Session 6 | Costing for Joint Products Reading : 1. Chapter 16 (Horngren) 2. Chapter 19 (AHM), pp 599-600 Case : Lilac Flour Mills (Booklet) |
Sessions 7 | Relevant Costs for alternative choice decisions (Make versus Outsource) Reading : Chapter 11 (Horngren) Case : Liquid Chemical Company (Booklet) |
Session 8 | Relevant Costs for alternative choice decisions – evaluating different distribution networks and customer profitability. Reading : 1. Note to the Case 2. Chapter 11 (Horngren) Case : Baldwin Bicycle Company (AHM), p. 851 |
Sessions 9 | Assessment of Performance – Overhead Variances Reading : Chapter 8 (Horngren) Case : You and Ramesh (Booklet) |
Sessions 10 | Assessment of Performance –Introduction to Variances Reading : AHM Chapter 20 Case: Sun Airboat Builders (AHM Case 20.1) |
Session 11 | Assessment of Performance – Output Variances Reading : Chapter 14 (Horngren), pp. 597-602
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