Cost and Management accounting course info 2017
HKU SPACE
Postgraduate Diploma in Professional Accounting
Autumn Term 2017 (Sep 2017
– Dec 2017)
COURSE NAME:
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Cost and
Management Accounting
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COURSE CODE:
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ACCT6002
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COURSE OBJECTIVES
Management accountants play a
vital role in today’s business organisations operating and competing in a
global environment. The timeliness and reliability of information available to
managers affect organisational performance. Cost and management accounting is
concerned with the provision of accounting information to help in the making of
decisions by those responsible for managing business and other economic
entities. This course aims at developing students’ ability to apply various management
accounting techniques to contribute to a range of strategic planning, control
and decision-making situations.
LEARNING
OUTCOMES
Upon
successfully completing this subject, students should be able to:
·
Understand the objectives of preparing management
information and the need to adapt techniques in a changing commercial
environment.
·
Identify the information needs of management and
contribute to the development of appropriate systems.
·
Evaluate the strategic performance of a business and
recommend appropriate performance measures.
·
Understand the significance of the relationship
between financial and non-financial indicators of business performance.
·
Apply techniques to evaluate management decisions in
relation to costing, pricing product range and marketing strategy.
·
Identify and apply appropriate budgeting techniques
to enable management to control the business.
TEACHING APPROACH
Basic theories and
concepts will be introduced and explained in the lectures. Students will develop and apply the general
principles of cost and management accounting to practical problems in the
seminars or tutorials. Cases and
assignments will also be used to demonstrate the basic concepts in the topics
covered in the subject.
TEXTBOOK
You are
required to purchase your own copy of the following prescribed textbook:
Horngren, Datar, Foster,
Rajan (2015) Cost Accounting: A
Managerial Emphasis, 15th edition, (Global Edition), Pearson Education, Inc.
REFERENCES
Drury, Cost &
Management Accounting, Thomson
Hansen Mowen,
Cost Management: Accounting and Control, Thomson
http://www.quickmba.com
COURSE
ASSESSMENT
In order to pass the course, you are required to
pass BOTH components of the continuous assessment and the final
examination.
|
In order to pass the course, you are required to
pass BOTH components of the continuous assessment and the final
examination.
|
Continuous Assessment 40%
Final Examination 60%
Total 100%
Continuous assessment consists of the following
components:
Mid-term Test 20%
Project 20%
Total 40%
PROJECT
Students are organised in groups of five to six to
complete the case analysis in the form of a report of not more than 2,500 words.
Each group is required to select a company, and conduct analysis of that
selected company. Each group should assign one individual as group leader and
submit the names of group members by week 2. The name of the selected company
should be submitted by week 7. The deadline of the report submission is the
last lecture, i.e., Nov 26 (Sunday).
Researching is an integral part of this case study. In addition to your textbook, you may
collect facts, statistics or others’ views elsewhere. You could refer to other reference books,
magazines, newspapers, internet or any sources you have access to. However, you should make judgment as to the
information’s credibility.
The
final grade will be based on quality of analysis report. At the end of term,
you will be asked to evaluate your team members’ contributions to the project.
The evaluation is strictly confidential and will not be disclosed.
In your analysis, you should include the following elements:
1.
Comment on both the financial
and non-financial performance of the business for 2016 (hint: you may consider
growth, profitability, liquidity and gearing aspects in your financial
performance analysis.). (40 marks)
2.
Discuss the principal financial, economic and social considerations that
should be considered by the business for 2016. (20 marks)
3.
Structure a balanced scorecard of the business for 2016. (40 marks)
CLASS
ATTENDANCE AND PARTICIPATION
The class attendance is essential and expected. Students
are strongly encouraged to participate in classroom discussion and share
his/her opinions and suggestions. In addition to voluntary participation, you
may be randomly asked to present the results of in-class exercise or
discussions in class.
POLICY ON SCHOLASTIC DISHONESTY
Cheating on examination and plagiarism will not be
tolerated. The penalty for cheating is zero. We will follow strictly with
respect to University’s procedure, policy and regulation in handling such cases.
TEACHING
SCHEDULE
Session
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Date
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Topic
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Chapter
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Exercise
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1
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6/9 (Wed)
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Course introduction
· The Accountant’s Role and Design of Management Accounting Systems
· Cost Terms and Purposes
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1, 2
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Ch 1 (16,24,30)
Ch 2 (18,28,34,35,36)
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2
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13/9 (Wed)
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·
Cost Behaviour and Cost-Volume-Profit Analysis
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10, 3,
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Ch 10 (18,23,35,36)
Ch 3 (31,38,40,43,46)
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3
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20/9 (Wed)
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·
Job Costing and Activity-Based Costing
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4,5
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Ch 4 (16,18,26,27,34)
Ch 5 (16,35,37)
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4
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27/9 (Wed)
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·
Inventory Costing
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9 (p.350-365)
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Ch 9 (16,20)
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5
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8/10 (Sun)
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·
Master Budget & Responsibility Accounting
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6
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Ch 6 (20,21,24,30,35,38)
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6
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15/10 (Sun)
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·
Mid-term exam
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||
6
|
15/10 (Sun)
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·
Strategy, Balanced Scorecard and quality management
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12 (p.494-509), 19 (p.692-702)
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Ch 12 (22,26,34),
Ch 19 (17,18,20)
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7
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22/10 (Sun)
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·
Flexible Budgets, Direct and Overhead Cost Variances
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7, 8
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Ch 7 (18,24,31,33)
Ch 8 (16,18,19,22,29,30)
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8
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5/11 (Sun)
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·
Decision Making, Pricing Decisions and Cost Management
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11, 13
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Ch 11(20,28,29,37,41),
Ch 13(19,21,26,28,30)
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9
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12/11 (Sun)
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·
Transfer Pricing and Management Control Systems
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22
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Ch 22 (17,19,22,29)
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10
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19/11 (Sun)
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· Performance
Measurement
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23
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Ch 23 (18,22,24,25,31)
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11
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26/11 (Sun)
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l Course review and revision
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3/12 (Sun)
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Final exam
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The class sessions consist of lectures, tutorials, and group
discussions depending on the topic nature and progress of the course.
** This is a tentative
schedule and subject to change under circumstances.
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