INTERNATIONAL ISLAMIC UNIVERSITY ISLAMABAD

FACULTY OF MANAGEMENT SCIENCES

DEPARTMENT OF BUSINESS ADMINISTRATION

Course Facilitator: Saleem Arshad

Class: BBA-MBA(9)B

Course Code:ACT 508

Email:hafizsaleem.arshad@gmail.com

Cell:0321=5554825

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Course Objectives and Outcomes:

This course offers an introduction to the fundamentals of management accounting.
Management Accounting seeks to create value for the organization by managing
resources, activities and people to achieve the organization's goals. Management
accounting systems can be effective tools in providing information that is useful in
decision making at all levels in the organization.

How Program Content Meets The Program Objectives?

Cost information are one of the most important input to good decision making.
Understanding of different cost concepts, cost elements, cost flow and cost
accumulation enables the students to base their decisions on objective information.

Text Books:
Managerial Accounting by Garrison, Noreen, and Brewer 10 th /11 th Edition
Managerial Accounting by Needles and Crosson 11 th Edition

Lectures:
The medium of instruction will be English. Instructional methods will vary with each
instructor. However, some suggested techniques are

Quizzes and other tests with feedback and discussions;

Problem Solving
Lectures and class discussions;
Power Point Presentations;
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INTERNATIONAL ISLAMIC UNIVERSITY ISLAMABAD

FACULTY OF MANAGEMENT SCIENCES
DEPARTMENT OF BUSINESS ADMINISTRATION

Guests Speaker;
Group Activities;
Oral reports and other student presentations;
Web based assignments and activities

General Rules and Procedures:

Students unable to submit an assignment on the due date should discuss the
matter in advance with the professor. At the professors discretion, late
assignments may not be accepted. Where late assignments are accepted, the
professor will apply a late penalty.
Test dates and assignment due dates are announced in class. Students are
responsible for keeping track of these dates. There will be no makeup quiz, midterm or final for any reason whatsoever.
Success in this course is based heavily on in-class participation and assignments,
therefore; attendance and active in-class participation is essential to a students
success. All in-class assignments must be completed in-class; they cannot be
made up with a take-home. Failure to attend these classes will therefore result in
zero in that particular assignment.

Course Assessment
Quizzes
. Assignments, Presentations, Class participation
Mid-Term Exam
25%
Final Exam
50%

25%

Week Wise Schedule

Weeks
1

Contents
The Role of Managerial Accounting and
Management Functions
Comparing Managerial Accounting and Financial
Accounting

2
3

Introduction to Cost Terms

Cost Concepts, and Integration of Costs into Statements
Product Costing: Job-Order Costing
Job-Order Costing-The Flow of Costs
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INTERNATIONAL ISLAMIC UNIVERSITY ISLAMABAD

FACULTY OF MANAGEMENT SCIENCES
DEPARTMENT OF BUSINESS ADMINISTRATION

Process Costing
Process Costing

5
6
7

The Flow of Costs in a Process Costing System

The Flow of Costs in a Process Costing System
Activity-Based Costing (ABC)
Activity-Based Costing (ABC)
Activity-Based Management (ABM)
Activity-Based Management (ABM)

8
9
10
11
12
13
14
15

Cost Behavior
Cost Estimation
Mid-term paper
Discussion on Mid-term paper
Cost-Volume-Profit (CVP) Analysis
Cost-Volume-Profit (CVP) Analysis
The Master Budget
Activity Based Budgeting (ABB)
Standard Costing
Balanced Scorecard
Flexible Budgeting
Management of Overhead
Absorption Costing
Absorption Costing
Variable Costing
Variable Costing

16

Revision

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