Course Syllabus. Topic Lecture / Seminar Hour Lab Chapter 1 : Managerial Accounting and the Business Environment

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1 Course Syllabus 1. Name of Curriculum Bachelor of Business Administration Mahidol University International College 2. Course Code ICMB 212 Course Title Managerial Accounting 3. Number of Credits 4 (Lecture / Lab) (4-0) 4. Prerequisites ICMB 211 Fundamental Financial Accounting 5. Type of Course Core Course 6. Trimester / Academic Year First/ 2015 to Course Description Cost accounting and the role of managerial accounting in planning, organizing, controlling and in decision making. 8. Course Objective The course aims to develop the students skills at preparing and analyzing managerial accounts and relevant cost accounts, and to introduce them to the fundamental concepts that are involved in the management decision making process. 9. Course Outline Session 1 Topic Lecture / Seminar Hour Lab Chapter 1 : Managerial Accounting and the Business Environment Instructor 2 Chapter 2: Cost Terms, Concepts and Classifications Cost Terms and Concepts Allocating costs Schedule of Cost of Goods Manufactured Schedule of Cost of Goods Sold Income Statement-allocating costs to each separate department 3 Practice questions on Chapter 2

2 4 Chapter 2: Cost Terms, Concepts and Classifications cont'd Product vs Period Costs Direct vs Indirect Costs Fixed vs Variable Costs Quality Costs Opportunity Costs, Sunk Costs 5 Chapter 3: Job-Order Costing An Overview The Job Cost Sheet Computation of Unit Costs The Flow of Costs T-accounts 6 Chapter 3: Job-Order Costing cont d Over-applied and Under-applied Overhead Schedule of Cost of Goods Manufactured, Schedule of Cost of Goods Sold, and the Income Statement. 7 Chapter 4: Process Costing Comparison of Job-Order and Process Costing The Flow of Materials, Labor, and Overhead Costs Equivalent Units of Production: Weighted Average method An Introduction to the Production Report 8 Chapter 4: Process Costing cont'd Production Report continued T-Accounts 9 Chapter 7: Activity-Based Costing Designing an Activity-Based Costing System Comparison of Traditional and Activity- Based Costing First and Second Stage Allocations in Activity Based Costing 10 Chapter 7: Activity-Based Costing Applications of Activity Based Costing 11 Mid-Term Examination (Sunday 18 th October to 11am)

3 12 Chapter 5: Cost-Volume-Profit Relationships Intro to Cost-Volume-Profit Relationships Single Product Break-Even Analysis The Contribution Margin Target Profit and Margin of safety 13 Chapter 5: Cost-Volume-Profit Relationships cont d The Contribution Margin Ratio Chapter 5: Cost-Volume-Profit Relationships cont d Operating Leverage Break Even - Multiple Products The Concept of Sales Mix The Income Statement /Equation Approach to calculate break -even Chapter 10: Standard Costs Setting Standard Costs Calculating Variances : Method 1 Direct Material Variances Direct Labor Variances-using an average rate Variable Manufacturing Overheads 16 Chapter 10: Standard Costs cont d Analysis of Variances 17 Chapter 10: Standard Costs Calculating Variances : Method 2 Direct Material Variances Direct Labor Variances Variable Manufacturing Overheads 18 Relevant Costs and Relevant Benefits (Approach 1) 19 Quiz on Chapter 10 You ll be given 1 set of variances to analyze in depth 20 (Approach 2) 21 Traceable fixed costs Product Line Segment Margin

4 22 Price and Volume Changes Utilization of Constrained Resources 23 The Make or buy Decision Special Orders Joint Product Costs 24 REVIEW Final Examination (Monday 14 th December to 11.30am) 10. Teaching Methods Lectures, exercises in class, quiz, and homework. Problems and exercises are also assigned for each chapter for students to work on outside the class. Answers to those practice questions will be either given in the next class or posted on E-Learning. All homework must be written (not typed) and handed in by the set deadlines. Any homework assignments not handed in on time will not be counted. 11. Teaching Media Texts, teaching materials using the visualizer. Handouts will be provided for each class 12. Course Assessment *Attendance 5% Quiz 5% Homework 5% Mid-term Exam 35% Final Exam 50% * Please note that half a mark will be deducted for each absence. Students who miss more than 4 classes will not be able to take the final examination, to comply with the college rule that students must attend 80% of classes. If students have a valid reason for missing classes they should contact me beforehand, or directly afterwards. I do allow students who have registered for my sections of Managerial Accounting (sections 1,2, and 3) to make up any classes that they miss in any of the other sections that I teach.

5 13 Course Evaluation (standardized across MUIC) A 90% and above B % B 80 85% C % C 70 74% D % D 60 64% F below 60% 14 Reference Managerial Accounting, 14th Edition (Thailand only), Garrison, Noreen and Brewer, McGrawHill; Instructor and course co-ordinator : Barry Clements 16 addresses: barry.cle@mahidol.ac.th and barryclements@hotmail.com 17 Office hours : Mondays to Thursday to 4.00 pm