Course summary

Course Title:                Management Accounting

Course Code:              COM 407

Instructor:                   Mr. Seyram Kawor

Credit Hours:              Three (3)


Important information

For information concerning this course please visit and if you would prefer to write, my e-mail address is 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




Week 1

Overview of Management Accounting

·         The nature of management accounting

·         Differences and similarities between financial accounting and management accounting

·         Goals of management accounting

·         Functions of management accounting

·         Characteristics of useful management accounting information

·         Review of cost terminologies

Contemporary Management Techniques

·         Benchmarking

·         Total Quality Management

·         Continuous Improvement

·         Reengineering

·         Theory of Constraints

·         Mass Customization

·         Just- in- time system

·         Value chain

·         Balanced Score card











Week 2

Marginal Costing

·         Overview of absorption and marginal costing

·         Income comparison of absorption and marginal costing

·         Effect of changes in production on net income/profit

Cost-Volume-Profit Analysis

·         The Cost-Volume-Profit (CVP) Model – Assumptions, Uses and limitations

·         CVP Analysis for Single Product

·         CVP Analysis for Multiple Products






Week 3

Measuring Relevant Costs and Revenues for Decision-Making

·         Identifying Relevant and Irrelevant Costs

·         Application to decision making

Adding or Dropping Product Lines

Make or Buy Decision

Utilization of Scarce Resources

Special order decision



Week 4

Budgeting and Budgetary Control

·         The role of a budget

·         Common factors for successful budgets

·         The budgeting process

·         The master budget

·         Ethical, behavioural and implementation issues in budgeting

·         Flexible budget



Week 5

Standard Costing and Variance Analysis

  • Standard Costs – Management by Exception
  • Types of Variances and their computation
  • Identify and analyzing causes of variances


Week 6

Divisional Performance Evaluation

  • Concept of decentralization
  • Responsibility centers
  • Measures of performance

-          Return on Investment

-          Residual Income

-          Economic Value Added

Transfer Pricing

  • Objectives of Transfer Pricing
  • Transfer Pricing Methods











                          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%



Coursework assignments

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:

  • That you have read and understood the question being asked and followed the guidance provided
  • That you have appreciated and understood the content of the material covered in the relevant week
  • That you have applied academic concepts from the relevant COM 407 course material
  • That you have appropriately related the issues to your own and/or other’s practical experience
  • That you have been able to collect and present relevant information to answer the questions asked in the assignment.
  • That you have word-processed your assignment and submitted it using the e-mail address of your tutor.
  • Your tutor will also be looking at the clarity and rigour with which you have assembled your ideas and marshaled your arguments. Good writing again is a key skill for business so being able to express yourself clearly and succinctly is important



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:

  1. Have a sense of audience – make it look as if you have thought about the person who will be reading your work. Have you clearly explained why you are presenting your work in the way you do? Is there enough guidance for your reader to follow your thinking about the question? A well-laid-out structure with a short introduction, headings and subheading as appropriate are important.
  2. Leave plenty space in the margins (2 inches on the left and 1 inch on the right) and if you use double-spacing you will find it easier to handwrite correction to drafts. Your tutor will also find it easier to read and mark on screen and putting them in a good mood whilst marking helps the subjective elements of assessment.
  3. Choose an easily readable font for your assignment such as Times New Roman and a font size (11 or 12 point) that does not strain the eye.
  4. Use the word count facility to keep an eye on the length of your answer and make sure you adhere to word limits. You will lose 5 per cent of your marks if you exceed the word limit by more than 10 per cent. If your work is excessively long i. e. more than 500 words over the limit, then your tutor is allowed to stop marking it after the point where it reaches the word limit. You will not lose marks for being under the word limit unless you are significantly below it. Diagrams, tables, references and any appendices are not included in the word count unless these are materials that you should have included in the written part of your assignment.
  5. Use the spell-check to avoid unnecessary spelling mistakes. Put your name, personal identifiers, and course at the top of each page of your assignment. You can use the header field to do 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:

  • Using a choice phrase or sentence that you have come across
  • Copying word-for-word directly from a text, paraphrasing the words from a text very closely
  • Using text downloads from the internet
  • Borrowing statistics or assembled facts from another person or source
  • Copying or downloading figures, photographs, pictures or diagrams without acknowledging your sources
  • Copying from the notes or essays of a fellow student
  • Copying from your own notes, on a text, tutorial, video or lecture, that contains direct quotations.

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.


Class Participation   

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.

Seyram Kawor,
28 Jun 2011, 01:26
Seyram Kawor,
28 Jun 2011, 01:27
Seyram Kawor,
7 Jun 2011, 03:20
Seyram Kawor,
7 Jun 2011, 03:18
Seyram Kawor,
7 Jun 2011, 03:19
Seyram Kawor,
15 Jun 2011, 04:03