UNIVERSITY OF CAPE COAST
SCHOOL OF BUSINESS
DEPARTMENT OF ACCOUNTING AND FINANCE
2010/2011 SANDWICH SEMESTER
MANAGEMENT ACCOUNTING COURSE GUIDE
Course Title: Management Accounting
Course Code: COM 407
Instructor: Mr. Seyram Kawor
Credit Hours: Three (3)
For information concerning this course please visit http://sites.google.com/site/kazookawor and if you would prefer to write, my e-mail address is firstname.lastname@example.org. My office can be found at the Centre for Continuing Education Building, First Floor on the left wing.
Synopsis of subject
Management accounting is the process of gathering, analyzing and interpreting financial and non-financial data to aid in management decision making. Managers of organizations are faced with countless decisions each day. While some of these decisions can be made quite easily (sometimes without blinking) others require complex analysis. Yet still, others may be tricky or deceiving and any attempt to deal with them based on ‘facial’ analysis or semi-processed data would lead to sub-optimal decisions.
The objective of this course is to take a practical, managerial approach to management accounting. It gives the student a comprehensive and innovative, managerial and practical introduction to management accounting. The course in management accounting aims at preparing and presenting accounting data for management planning, control and decision making.
Objectives of course
Upon completion of this course, students will be able to:
· Assess and understand the nature of management accounting.
· Identify and explain contemporary management techniques.
· Discuss the importance marginal costing, absorption costing and their implementation.
· Prepare budgets and explain the significance of budgets for planning and control.
· Evaluate the importance variance analysis.
· Discuss the problems of performance measurement and control in divisionalized organizations and calculate simple measures of performance.
· Explain the methods transfer pricing.
· Explain the changing role of management accounting.
Details of course
Methods of Delivery
Students will be organized to include the following teaching/learning activities
Brief individual and group presentations
Power point presentation on session topics by lecturer
Small group and plenary discussions
Review of course literature
Discussions on feedback on assignments and reflective writing
All lecture note and other reading material can be downloaded from the lecturer’s website.
Literature and Reading Materials
1. Bhimani, A., Horngren, C. T., Datar, S. M. and Foster, G. (2008). Management and cost accounting. London: Prentice Hall.
2. Blocher, E.J, Chen, K.H and Lin, T.W. (1999). Cost management: A strategic emphasis. Boston: Irwin McGraw-Hill
3. Drury, C. (2000). Management and cost accounting. London: Thomson
4. Edmonds, T.P, Edmonds, C.D and Tsay, B. Y. (2000). Fundamental managerial accounting concepts. Boston: Irwin McGraw-Hill
5. Garrison, R.H and Noreen, E.W. (2000). Managerial accounting. Boston: Irwin McGraw-Hill.
6. Gray, J and Ricketts, D. (1982). Cost and managerial accounting. New York: McGraw-Hill Book Company
7. Gyasi, K. (2005). Management accounting Accra: EPP Books Services.
8. Hansen, D. R. and Mowen, M. M. (2006). Cost management: accounting and control. Toronto: Thomson
9. Hilton, R.W. (1999). Managerial accounting. Boston: McGraw-Hill.
10. Morse, D.C. and Zimmerman, J. L. (1997). Managerial accounting Boston: Irwin McGraw-Hill.
How to pass COM 407
To pass the course you must pass both the overall continuous assessment score and the examination. Performance in the course will be assessed on the following basis:
· A Coursework Quiz and/or Assignment 40%
· End of Semester Examination 60%
1. Management Accounting practices in the Ghanaian hospitality industry.
This is a group work. The assignments should not exceed 12 pages excluding references and tables. Dates for submission shall be discussed in class. This will carry 20 marks.
The purpose of assignment in COM 407
Assignments are key instruments of learning. Each assignment you undertake is designed to help you develop and integrate your learning from the course. They ask you to think about some of the key concepts in the course and build your own framework of understanding about them. Assignments are the main means by which you and your tutor communicate. The assessment process enables one-to-one conversation to take place between you and your tutor. If you need assistance to get started you can consult your tutor. This might be to help you plan and complete the assignment but also to check your understanding of what it requires and the learning points within the particular COM 407 material on which you are planning to draw. It is important to know that your tutor will not tell you the answers but will comment (by email) on your own ideas and suggestions. This exchange of ideas will be useful in providing guidance on your future study in the course. Completed assignments also provide an opportunity for your tutor to comment on the quality of your written work and the way in which you have presented the materials as well as awarding a mark for them.
This mark gives you a benchmark for how well you are doing on the course. It’s nice to do well and of course you should strive to do as well as you can. But if you do not get a good mark, take it as an opportunity to learn what went wrong rather than seeing it as a disaster. Most people learn more from mistakes than from doing well all the time. If you do not understand why you got the mark you did, you are entitled to go back to your tutor for further explanation.
What your tutor looks for in an assignment
There are several general points your tutor will be looking for when marking your assignment:
Presenting your work
How you present your work matters. Because your assignments are submitted electronically you will, of course, word process these, but do not underestimate the importance of the appearance of your work. The following tips will help you with this:
Reference your arguments. When producing academic work, convention dictates that we give credit to other people’s work when we cite their theories or research findings to substantiate our arguments. This means stating where concepts and ideas you have used in your assignment come from if they are not your own original thoughts. Your tutor may deduct marks if you fail to reference appropriately. For COM 407 you should use what is known as the Harvard System of Referencing (what usually is referred to as the APA System at UCC) even if you are already familiar with an alternative system.
The University of Cape Coast takes suspected cases of plagiarism very seriously. What constitutes plagiarism or cheating? If you submit an assignment that contains work that is not your own, without indicating this to the marker (acknowledging your sources) you are committing “plagiarism”. This can occur in an assignment when:
Plagiarism may occur inadvertently due to inexperience. So read carefully all the course-specific study advice attached and how to reference your sources as stated above.
Attendance and lateness to lecture
Attendance policies of the University will apply (Refer to page 20 of the Academic Policies and Regulations handbook). Lateness shall not be tolerated.
Participation helps students assess their own understanding. It is in the interest of all student to participate in class discussions and ask questions, especially when they are in doubt.
Missed quizzes, tests, and assignments
If for any justifiable reason the student will miss a test or quiz, the student should get clearance from the lecturer in advance. Retrospective permissions will not be granted for missed tests and quizzes. An automatic Zero will be awarded for missed quizzes, tests, and assignments.
Late Submission of assignments
Late assignments will not be tolerated. If a student has any genuine problem(s), he/she must contact the lecturer before the deadline for the submission of the assignment. There are no guarantees for extension of time; each case will be treated on its own merit.
Grading of Group Work
Unless group members present evidence to the contrary, all members of the group will be presumed to have worked equally and be entitled to the same group mark. Groups are encouraged to indicate in their reports members who did not participate in the group assignments so that they can be treated differently. Students will submit a personal account of their contribution to the assignment and a reflection on their experience doing the work, including a critique of the process. The reflection should be 450-500 words.