Update 1: March 14, 2020 9am
Due to Current Medical Emergency, IU is planning to use ZOOM + VLE Platforms for Online Classes! Students are requested to get themselves aware about Zoom Platform as Attendee as well as Host -
Important IDs:
My IQRA's Zoom's Personal Meeting ID : 616-967-4399
Timing of Availability : VLE Slot is now considered as additional Counselling Hours, I will be interacting on VLE's Discussion Forum (must) along with above Zoom Meeting ID (In case if required)!
Update 2: March 16, 2020 7pm
Get Ready for Your First Online Class of Cost and Management Accounting on March 17, 2020 (6:30-9:30); I will still be using googlesites, but now First Priority will be VLE(Iqra) and then as a Backup you may download Material from here too (in case VLE is down due to load!
Course Outline - Restructured by me
Text Book for Managerial Accounting by Garrison Noreen 14ed
Week 1
Week 2 & 3
Theory and PQs for Manufacturing Concern
Homework 1 Instruction:
Attempt any 4 Question from PQs of Manufacturing Concern
Submission Deadline: Week 4 Start of Class
You may Expect 1 Quiz in Week 4: Expected Quiz Time (if held): 7:15/7:30 - 7:45/8:00
Week 3 & 4
Manufacturing Concern PQs & Flow of Cost
PQs for Cost based Journal Entries and Job Order Costing
Week 5 & 6
PQs for Process Costings and Standard Costing
Week 7 & 8
No Classes due to Medical Emergency !
Week 9 - 10 - Cost Volume Profit Analysis
Cost Volume Profit Analysis - Summary
Text Book Slides - Cost Volume Profit Analysis
Exercise PPT - Garrison Noreen 16ed
Topic Concentration: Break Even Quantity & Target Profit
Class Activity - 1 VLE based - CVP (March 17, 2020) - Follow Deadline of VLE Iqra University
Excel File created on Zoom (March 17, 2020)
Topic Concentration: Target Profit and Margin of Safety % and Amount
Class Activity - 2 VLE based - CVP (April 7, 2020) - Follow Deadline of VLE IQRA University
Excel File created on Zoom (April 7, 2020)
Topic Concentration: Degree of Operating Leverage + Overall!
Excel File created on Zoom (April 14, 2020)
Week 11 - 12 - Absorption and Marginal Costing
Absorption costing and Marginal Costing - Lecture Slides
Absorpotion Costing and Marginal Costing - PQs
Absorption Costing and Marginal Costing - More Insights
Excel for Absorption and Marginal Costing
April 21, 2020
Topic Concentration: Income Statement of Absorp and Marginal ; When Unit Produced = Unit Sold
Excel File created on Zoom (April 21, 2020)
April 28, 2020
Topic Concentration : Income Statement of Absorp and Marginal ; When Unit Produced >& < Unit Sold
Slides - Referred
May 5, 2020
Topic Concentration: Tactical Decisions - I (Accept or Reject Special Order / Relevant Cost and Benefits)
White Board Material-
May 12, 2020
Topic Concentration: Tactical Decisions - II (Add or Drop Product Decision)
Excel Sheet
May 19, 2020
Topic Concentration: Tactical Decisions - III (Volume Trade Off Decision/ Constrained Resources)
Annotated PPT
Please Ignore Below Information, I will readjust when traditional classroom teaching will be resumed!
Counselling Time for Midterm(apart from regular counselling)
Saturday : (Feb 29) 3:00 - 5:30
Monday: (Mar 2) 4:00 - 5:30
Tuesday (Mar 3): 4:30 - 6:00 - Due to Medical Uncertainty in Karachi (No Counselling Hour)
Revised Schedule will be communicated on IULMS / Googlesites when Finalized
Office: 10th Floor, Faculty Room, EDC Tower
Midterm Exam Pattern! 25 Marks
Q1: Objectives (4 Marks) 8 of half mark each
Q2 - Q4: Numericals (21 Marks) 3 of 7 Mark each
Manufacturing / Job Order / Process / Standard
Sample Question for Practise:
Manufacturing: PQs
Q11(pg3), Q3-Q9(pg5-7),Q12, Q14, Q15, Q16 (pg8-9)
Job Order PQs
Q2, 4, 5, 6 , 10, 11
Process PQs
Q1, 2, 4, 5, 9