TEACHING SCHEDULE FOR COST ACCOUNTING & BUDGETING
Cavendish University Uganda
Year Three Semester Three
Program
Bachelor of Business Administration
Title
Cost Accounting
Reference
BBA 121
Lecturer
Jimmy K. Kigozi, 0772-441728.
E-mail: nyaituga02@yahoo.com
Module description: This 14 week module deals with the collection, compilation, analysis and processing of cost
data for use by management in decision making
Modes of Delivery :
a) Lectures: A session on/discussion of the key concepts regarding the topic, with illustrations and reactions
from the students.
b) Tutorials: Brainstorming, role-plays, guided imagery and consensus-building sessions using in-class methods of
inquiry and participatory learning.
c) Case Studies: A description of a situation in an organizational context over a particular period of time, used to
transfer knowledge and develop analytical skills.
Objectives:
The Module Objectives include.
1. To understand the business objectives stated and measurable targets of how to achieve business aims.
2. To enable students acquire the requisite abilities to integrate theoretical concepts with practical skills
leading to effective application of Business Ethics in the Corporate Environment.
3. To provide students with an approach to ethical considerations of business operations at both local and
international level.
4. To understand the concept of social responsibility since businesses award societies in the due course of their
operations.
Learning outcomes:
1. To impart knowledge of cost data collection, allocation and analysis
2. To create awareness and appreciation of costing techniques, concepts and standards
3. To equip students with the tools analytical skills necessary for analysis and interpretation of costing
information for management use
4. To enable students understand the role and limitations of management accounting theory.
To enable students practice costing accounting in working environments and contribute to successful decision
making
Methods of Delivery
Methods of Assessment
1) Lecture: A session on the key concepts regarding the topic, with
a) 1 course work constituting 25%
illustrations and reactions from the students
of the final mark
2) Tutorial: Brainstorming, role-plays, guided imagery and consensus
b) Class
attendance
and
–building sessions using in-class methods of inquiry and
participation in tutorial exercises
participatory learning
– 25% of the final marks
3) Case studies/Presentations:
description of a situation in an c) End-of-semester
Exam
organizational
constituting 50% of the final
context over a particular period of time, used to transfer knowledge
mark.
and develop analytical skills and how they are applied in day to day life.
Semester
2 Year 1
Module
Aim:
Rationale:
The module aims at providing students with in depths understanding and mastery of complex
accounting concepts and practical techniques in determination, analysis and allocation of costs
The module is a useful tool for budgetary planning and control, variance analysis for management
decision making.
Key Resources/ Remarks
Week 1
Week 2
Week 3
Introduction and Overview
Major Purposes of Accounting Systems
Management Accounting,
Financial Accounting
Cost Accounting
Planning and Control Decisions
Cost information
The Value Chain of Business Functions.
Key Management Accounting Guidelines
Ethical Considerations
Relevant and irrelevant costs
Costs and Cost Terminology
Direct and Indirect Costs
Cost Behaviour Patterns (Variable & Fixed Costs)
Total Cost and Unit Costs
Financial Statements
Cost Flows
Measurement of Costs
1. Cost Accounting; A Managerial
Emphasis By C.T.Horngren et al
(International ed) .
2.Theories and problems of cost
accounting by James A and Ralph P
3.Managing Costs and resources by
Brammer and Penning A
4. Accounting for Non Specialist by
Wiley
5. Management and Cost Accounting, 7 ed
by Colin Drury (2008
Week 4
Week 5
Decision theory
Cost-Volume profit Analysis
CVP Assumptions and terminology
Essentials of CVP Analysis
The Break-Even Point
Using CVP for decision making
Cost Drivers
Performance measurements
Concepts of Job costing Systems
Job Costing Systems
Process Costing Systems
Job Costing in Manufacturing
Actual costing and Normal Costing
Week 6
Material Costing and Control
Purchasing function/ procedure
Responsibilities of a Purchasing Manager
Storekeeping
Classifications of materials
Stock-taking methods
Stock control and re-order levels
Pricing closing inventory
Week 7
Budgets and Forecasts
Advantages of Budgeting
Budgeting Cycle
Cash Budgets
Direct manufacturing labour budgets
Budgeted direct and indirect costs
Budgeted Statement of Cash Flow
Week 8
Week 9
Week 10
Week 11
Management control systems
Labour Cost Control
Evaluating Management Control Systems
Labour remuneration methods
Costing Overheads
Procedure for allocating overheads
Procedure of apportioning overheads.
Absorption costing
Activity-based costing
By-products and Joint products
Transfer Pricing
Transfer Pricing methods
Comparison of methods
Market-based prices
Cost- based transfer prices
Negotiated Transfer prices
International Trade Agreements
Cost volume Profit/break even analysis
Inventory Management
Week 12
Week 13
Decentralization accounting
Benefits of Decentralisation
Costs of decentralisation
Comparison of Benefits and Costs
End of Module evaluation and review
1.Text Books
Bibliography
1. Cost Accounting; A managerial emphasis, by C.T. Horngren et al
2.Theories and problems of cost accounting by James A and Ralph P
3.Managing Costs and resources by Brammer and Penning A
4. Accounting for Non Specialist by Wiley
5. Management Accounting for business by Thomson
6. Corporate Finance Principles and practices by Denzil Watson and Antony
7. Management accounting for Decision makers by Peter et al
8. Accounting for Non Accounting Learners by Dyson J R
2. Journals/Newspapers/Magazines/ periodicals
Newspapers/journals /magazines can be very useful sources of financial issues for both public and
private sector. Specialist periodicals provide current articles on developments in related topics. the
Financial Times, The Economist, The Guardian, The Independent . The Monitor and The New Vision.
Weekly Observer and the East African.
Specialist journals such as Management Accounting Quarterly (institute of Management
Accountants), Management Today (Chartered Institute of Management), Strategic Finance
(Institute of Management Accountants)
Magazines such ACCA Students magazine and ACCA BPP Study Packs
3.Websites
Most professional Accounting Bodies such as CIMA,ICA, CIPFA, AAT have their own websites for
members only.
www.aat.co.uk Association of Accounting Technicians
www.bized.ac.uk learning materials and a wide range of company information
www.cipfa.org.uk Chartered Institute of Public Finance and Accountancy
www.cimaglobal.com Chartered Institute of Management Accountants
www.companies-house.gov.uk Companies House home page
www.guardian.co.uk an example ofa a broadsheet papers website containing financial information
www.icaew.co.uk Institute of Chartered Accountants of England and Wales
www.icsa.org.uk Institute of Chartered Secretaries and Administrators
www.marksandspencer.com/ the company an example of a company website containing information on
its published accounts
www.thetimes100.co.uk a series of company case studies
4. Lecture Notes/handouts.