3. - Zakiya Abdul Samad



centercenterCourse Specification In Accordance to the Guidelines by the National Commission for Assessment and Academic Accreditation, NCAAADepartment of Business AdministrationBachelor of Science in Business AdministrationBUS 428 Managerial AccountingDeputyship for Planning &Development Jubail University College The Royal Commission for Jubail&Yanbu00Course Specification In Accordance to the Guidelines by the National Commission for Assessment and Academic Accreditation, NCAAADepartment of Business AdministrationBachelor of Science in Business AdministrationBUS 428 Managerial AccountingDeputyship for Planning &Development Jubail University College The Royal Commission for Jubail&YanbuCourse SpecificationsInstitutionJubail University CollegeCollege/DepartmentBusiness AdministrationA. Course Identification and General Information1. Course code and title:BUS 428 Managerial Accounting 2. Credit hours:3-0-33. Program(s) in which the course is offered: B.Sc. in Business Administration4. Name of faculty member responsible for the courseMs. Zakiya Abdul Samad5. Level/year at which this course is offeredFifth Year, 1st Semester (9) (Senior) (Elective) 6. Pre-requisites for this course (if any)BUS 222 Accounting II7. Co-requisites for this course (if any)None8. Location if not on main campus-B. Objectives 1. Summary of the main learning outcomes for students enrolled in the course.Upon successful completion of this course, the student will be able to demonstrate knowledge on behavioural and organizational foundations of managerial accounting; and apply the managerial accounting concepts to planning, controlling, and decision –making. They will also analyse cost-volume-profit and internal reports of organization for decision making of financial nature. 2. Briefly describe any plans for developing and improving the course that are being implemented. Align syllabus with that of International CMA exams. Teach the subject contents and assess based on the CMA exams.C. Course Description1. Topics to be Covered List of TopicsNo of WeeksContact hoursUnit 1: Introduction to CourseIntroduction to Students; Subject and Course expectations; Explaining the Career opportunities and choices available in the field.0.67 Week 12Unit 2: Management Accounting & Corporate GovernanceManagerial and Financial Accounting; Product Costing in Manufacturing; service and Merchandising Companies.1.33 Week1 &2 4Unit 3: Analysis of Cost volume & pricing to increase profitabilityBreak-even point; Cost Volume Profit (CVP) Analysis; Sensitivity Analysis and Margin of safety.1 Week 3 3Unit 4: Relevant information for special decisionsRelevant InformationApplying special information to make decisions2 Week4 & 56Unit 5: Cost Management in Automated Business environment: ABC, ABM and TQMActivity Based Costing; Under costing; over costing; Downstream costs and upstream costs and TQM.1 Week 63Unit 6: Planning for Profit &Cost ControlThe Planning Process; Three level of planning for business activity; Budgeting Practice.2 Week7 & 86Unit 7: Performance EvaluationDifferent types of Variances: Sales and Variable Cost Variance; Flexible Budget Variances; Fixed Cost Variances. Standard Cost Systems; Selling General and Administrative Cost Variances.1Week 10 3Unit 8: Responsibility AccountingDecentralization; Responsibility centers and Reports; Management by Exception; Return on Investments; Residual Income.2 Week11 & 12 6Unit 9: Planning for Capital InvestmentTime Value of Money; Capital Investment Decisions; Present Value And Future Cash Flows; Return of investment opportunity; Investment alternatives; NPV; IRR; Payback Period.2 Week13 & 14 6Unit 10: Financial Statement AnalysisHorizontal and vertical analysis; ratio analysis; Assessing company’s liquidity; solvency and effectiveness.1.33 Week15 & 164Revision0.6 Week 162BUS 428 Managerial Accounting (3-0-3) Prerequisite: BUS 222 Behavioral and organizational foundations of managerial accounting. Managerial accounting concepts applicable to planning, controlling, and decision-making. Deterministic and probabilistic models of cost-volume-profit analysis. Budgetary planning and control systems. Relevant cost analysis for decision making and internal reporting. Responsibility accounting and performance evaluation. Transfer pricing. Computer applications in managerial accounting.2. Course components (total contact hours per semester): 45Lecture: 45Tutorial:- Laboratory:- Practical/Field work/Internship: - Other: - 3. Additional private study/learning hours expected for students per week.Each student is expected to spend 6 hours every week in private study, solving problems and other work associated with the course4. Development of Learning Outcomes in Domains of Learning:a. Knowledge (and Understanding)(i) Description of the knowledge to be acquiredBy the end of the course, student should be able to:Identify various managerial accounting tools and techniques Explain various managerial accounting tools and techniquesRecognise the appropriate tool, formula or technique to be used in different situationsDistinguish between costs, cost objects, cost centre and match them with appropriate firms which use them.Identify special information that affect decisions(ii) Teaching strategies to be used to develop that knowledgeClass room lecture and discussionOnline research articles and subject related contentsSolving text book exercises(iii) Methods of assessment of knowledge acquiredAssignments and homework problems Oral Questions and discussions in classWritten exams (Quizzes, midterm & final)b. Cognitive Skills (Apply-Analyse-Evaluate-Create)(i) Description of cognitive skills to be developedBy the end of the course, student should be able to:Associate the marginal costing and the traditional method of defining cost to different financial decision situationsAppraise formulas and definition of specific tools and illustrate their use in numeric problem solvingExamine the final answer from different calculation and make appropriate decision similar in real organisations.Apply relevant information that affect special decisions(ii) Teaching strategies to be used to develop these cognitive skillsClass room lecture and discussionCase study analysisSolving text book exercises(iii) Methods of assessment of students cognitive skills Classroom discussions and homework problems Task oriented AssignmentsWritten exams (Quizzes, midterm & final)c. Interpersonal Skills and Responsibility (i) Description of the interpersonal skills and capacity to carry responsibility to be developedBy the end of the course, student should be able to:Be a responsible professional Managerial Accountant in the overall framework of Financial Management Lead a team to present and organise a model to integrate the theoretical concepts with their application in the real world Adapt ethics in decisions while using suitable MA tools and techniques in Managerial decision making with specific examples and demonstrations. (ii) Teaching strategies to be used to develop these skills and abilitiesClass room lectures and discussionsSeminars or workshopsCase study or empirical studyProject Day platform Group assignments(iii) Methods of assessment of students interpersonal skills and capacity to carry responsibilityAssignments and homework problems Oral Questions and discussions in classWritten exams (Quizzes, midterm & final)Project/ Seminar presentation assessmentd. Communication, Information Technology and Numerical Skills (i) Description of the skills to be developed in this domain.By the end of the course, student should be able to:Undertake online and empirical research to relate the theoretic concepts to real world.Improve their communication skills by continuous interaction in the class and task based group assignments.Enhance their presentation skills by participating in the college project day event.Use financial calculators for everyday use.Use of MS Word and MS Excel financial calculation function.(ii) Teaching strategies to be used to develop these skillsOnline research and guide them to assignments.Classroom discussions Guiding the students to present novel ideas on Project Day.(iii) Methods of assessment of students numerical and communication skills Assignments and homework.Individual/ group seminar Project presentation.e. Psychomotor Skills (if applicable)(i) Description of the psychomotor skills to be developed and the level of performance requiredNot applicable(ii) Teaching strategies to be used to develop these skillsNot applicable(iii) Methods of assessment of students psychomotor skillsNot applicable5. Schedule of Assessment Tasks for Students During the SemesterAssessmentAssessment task Week dueProportion of Final Assessment1Quiz 1510 %2Assignment 1710 %3Midterm Examination920%4Quiz 21210%5Assignment 21310%6Final Examination 17-1840%D. Student Support1. Arrangements for availability of teaching staff for individual student consultations and academic advice. (include amount of time teaching staff are expected to be available each week)Office hours are 13 hours/week; Students are encouraged to meet the faculty personally in case of any course related concerns. Further, weak students are identified after quiz1 and a one to one meeting is arranged with each of them to know the reasons for poor performance and guide them on how to improve. Faculty email id and office contact number is circulated to all students to allow communication apart from office hours. A website is created for the subject where the teacher places all course related materials and announcements for student access.E. Learning Resources1. Required Text(s)“Fundamental Managerial Accounting Concepts”, 6th Edition Thomas P. Edmonds Bor-Yi Tsay, Philip R. Olds, 20062. Essential References “Managerial Accounting”, 9th Edition, Carl S. Warren, James M. Reeve, South-Western;, 2006“Managerial Accounting: An Introduction to Concepts, Methods and Uses” 10th Edition Michael W. Maher , Clyde P. Stickney , Roman L. Weil, South-Western College, 2007, “Managerial Accounting”, 11th Edition, Ray H Garrison, Eric Noreen, Peter C. Brewer, McGraw-Hill/Irwin; 20043. Recommended Books and Reference Material (Journals, Reports, etc.)-4. Electronic Materials, Web Sites etc.. Other learning material such as computer-based programs/CD, professional standards/regulations-F. Facilities RequiredIndicate requirements for the course including size of classrooms and laboratories (i.e. number of seats in classrooms and laboratories, extent of computer access etc.)1. Accommodation (Lecture rooms, laboratories, etc.)Lecture rooms accommodating 30 students with student’s desk and chairs, computer connected to the projector, projector screen and white board facilities.2. Computing resources:-3. Other resources (specify e.g. If specific laboratory equipment is required, list requirements or attach list) - G. Course Evaluation and Improvement Processes1. Strategies for Obtaining Student Feedback on Effectiveness of TeachingAccording to college practice of collecting student feedback generally Course specific and faculty improvement related questions to be addressed in the feedback form and collected by the faculty personally for developmental purposes.2. Other Strategies for Evaluation of Teaching by the Instructor or by the DepartmentStudent feedback conducted at the end of each semester Faculty members consultation on teachingDiscussions within the peer group teaching the courseDepartmental council discussions and analysis of student results3. Processes for Improvement of Teaching-4. Processes for Verifying Standards of Student Achievement (e.g. Check marking by an independent member teaching staff of a sample of student work, periodic exchange and remarking of tests or a sample of assignments with staff at another institution)-5. Describe the planning arrangements for periodically reviewing course effectiveness and planning for improvement.- ................
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