GREATZI
MBABWEUNI
VERSI
TY
MUNHUMUTAPASCHOOLOFCOMMERCE
DEPARTMENTOFACCOUNTI
NGANDI
NFORMATI
ONSYSTEMS
COURSECODE
MPACC511
COURSETI
TLE
MANAGEMENTACCOUNTI
NGANDFI
NANCE
OBJECTI
VES:
Att
heendoft
hecour
se,
st
udent
swi
l
l
hav
e:
1.Fur
t
herdev
el
opedt
het
echni
cal
,
anal
y
t
i
cal
andev
al
uat
i
v
eski
l
l
sr
equi
r
edi
nt
he
f
i
el
dofmanagementaccount
i
ng.
2.Acqui
r
edanunder
t
aki
ngofmanagementcont
r
ol
i
ssuesi
nr
el
at
i
ont
obusi
ness
andnot
f
or
pr
of
i
tor
gani
sat
i
ons.
3.Hav
edeeperknowl
edgeandunder
st
andi
ngaboutmanagementaccount
i
ng
i
ssues,
i
ncl
udi
ngi
t
spr
obl
emsanddi
f
f
i
cul
t
i
es.
4.Beupdat
edconcer
ni
ngt
hemor
er
ecentdev
el
opmenti
nmanagementaccount
i
ng
andt
heemer
genceofnewmet
hods.
5.Beabl
et
ot
akepar
ti
nt
hedesi
gnanduseoft
hemanagementaccount
i
ngi
n
or
gani
sat
i
ons.
6.Achi
ev
edacompr
ehensi
v
eunder
st
andi
ngof
,
andt
heabi
l
i
t
yt
odi
scuss,
cr
i
t
i
cal
l
y
ev
al
uat
eandappl
yt
hef
i
nanci
al
andnonf
i
nanci
al
aspect
sofmanagement
account
i
ngt
heor
yandmet
hodol
ogyt
oamanagementaccount
i
ngr
ol
ewi
t
hi
nan
or
gani
sat
i
ont
hr
ought
hemedi
um ofcasest
udy
/
gr
oupwor
d/
exami
nat
i
on.
1
7.Gai
nedanappr
eci
at
i
onoft
hei
mpor
t
anceofkeepi
ngabr
eastofcur
r
entand
f
ut
ur
er
esear
chi
nt
ot
hef
i
el
dofmanagementaccount
i
nggi
v
ent
heev
er
ev
ol
v
i
ng
compet
i
t
i
v
eenv
i
r
onmentandt
hewi
dercont
exti
nwhi
chmanagementaccount
i
ng
oper
at
es.
8.Fur
t
herdev
el
opedt
het
echni
cal
,
anal
y
t
i
cal
andev
al
uat
i
v
eski
l
l
sr
equi
r
edi
nt
he
f
i
el
dofcor
por
at
ef
i
nanci
al
management
.
9.Gai
nedani
nsi
ghti
nt
ot
hesy
ner
gybet
weent
her
ol
eoff
i
nanci
al
andmanagement
account
i
ngi
nacor
por
at
eset
t
i
ng.
10.
Achi
ev
edacompr
ehensi
v
eunder
st
andi
ngof
,
andt
heabi
l
i
t
yt
odi
scuss,
cr
i
t
i
cal
l
y
ev
al
uat
eandappl
yt
hef
i
nanci
al
andnonf
i
nanci
al
aspect
sofcor
por
at
ef
i
nanci
al
managementt
heor
yandmet
hodol
ogyt
oacor
por
at
ef
i
nanci
al
managementr
ol
e
wi
t
hi
nanor
gani
sat
i
ont
hr
ought
hemedi
um ofcasest
udy
/gr
oupwor
k/
exami
nat
i
on.
11.
Gai
nedanappr
eci
at
i
onoft
hei
mpor
t
anceofkeepi
ngabr
eastofcur
r
entand
f
ut
ur
er
esear
chi
nt
ot
hef
i
el
dofcor
por
at
ef
i
nanci
al
managementgi
v
ent
heev
er
ev
ol
v
i
ngcompet
i
t
i
v
eenv
i
r
onmentandt
hewi
dercont
exti
nwhi
chcor
por
at
e
f
i
nanci
al
managementoper
at
es.
12.
Dev
el
opedgr
oupwor
kandpr
esent
at
i
onal
ski
l
l
s
MODULECONTENT:
A MANAGEMENTACCOUNTI
NG
1.
0 Rev
i
si
onofar
eascov
er
edi
near
l
i
ercour
sesoncostandmanagement
account
i
ng.
2.
0I
nt
r
oduct
i
ont
oManagementAccount
i
ng.
3.
0 TheManagerandManagementAccount
i
ng
4.
0 ManagementCont
r
ol
Sy
st
ems.
2
5.
0 Management Cont
r
ol Sy
st
ems, Tr
ansf
er Pr
i
ci
ng and Mul
t
i
nat
i
onal
Consi
der
at
i
on.
6.
0 Measur
ementofCostBehav
i
our
.
7.
0 I
nv
ent
or
yCost
i
ngandCapaci
t
yUt
i
l
i
sat
i
on.
8.
0
Per
f
or
manceMeasur
ement
,
Compensat
i
onandMul
t
i
nat
i
onal
Consi
der
at
i
on.
9.
0
Rel
ev
antI
nf
or
mat
i
onf
orDeci
si
onmaki
ng.
10.
0 Adv
ancedVar
i
anceAnal
y
si
s
11.
0 Cr
i
t
i
cal
Pat
hAnal
y
si
s.
12.
0 Pr
ogr
ammeEv
al
uat
i
onandRev
i
ewTechni
ques.
13.
0 Cr
eat
i
ngEt
hi
cal
Or
gani
sat
i
ons,
Env
i
r
onmentandEf
f
ect
i
v
eCor
por
at
e
Gov
er
nanceSy
st
ems.
B FI
NANCE
1.
0 REVI
SI
ON:
VALUATI
ONOFBONDSANDSTOCKS
1.
1 Val
uat
i
onConcept
s.
1.
2 BondVal
uat
i
on
 Bondy
i
el
ds
1.
3 Val
uat
i
onofPr
ef
er
enceSt
ocks
1.
4 Equi
t
yVal
uat
i
on
 Di
v
i
denddi
scountmodel
3
 TheP/
Eappr
oach
2.
0 REVI
SI
ON:OPTI
ONSANDTHEI
RVALUATI
ON
2.
1 Howopt
i
onswor
k
2.
2 Fact
or
sdet
er
mi
ni
ngopt
i
onv
al
ues
2.
3 Bi
nomi
al
model
f
oropt
i
onv
al
uat
i
on
2.
4 Bl
ackandSchol
esmodel
3.
0 REVI
SI
ON:
RI
SKANDRETURN
3.
1 Hi
st
or
i
cal
r
et
ur
nsandr
i
sk
3.
2 Ri
skandr
et
ur
nofapor
t
f
ol
i
o
3.
3 Measur
ementofmar
ketr
i
sk
3.
4 Rel
at
i
onshi
pbet
weenr
i
skandr
et
ur
n
3.
5 Por
t
f
ol
i
or
i
sk
3.
6 Capi
t
al
assetpr
i
ci
ngmodel
4.
0 RI
SKANALYSI
SI
NCAPI
TALBUDGETI
NG
4.
1 Sour
cesandper
spect
i
v
esonr
i
sk
4.
2 Sensi
t
i
v
i
t
yanal
y
si
s
4.
3 Scenar
i
oanal
y
si
s
4.
4 Br
eakev
enanal
y
si
s
4.
5 Hi
l
l
i
erModel
4.
6 Si
mul
at
i
onanal
y
si
s
4.
7 Deci
si
ont
r
eeanal
y
si
s
4.
8 Cor
por
at
er
i
skanal
y
si
s
4.
9 Managi
ngr
i
sk
4.
10Pr
oj
ectsel
ect
i
onunderr
i
sk
4.
11Ri
skanal
y
si
si
npr
act
i
ce.
5.
0 CAPI
TALBUDGETI
NGEXTENSI
ONS
5.
1 Choi
cebet
weenpr
oj
ect
sofunequal
l
i
f
e
5.
2I
nt
er
r
el
at
i
onshi
psbet
weeni
nv
est
mentandf
i
nanci
ngaspect
s
5.
3 Capi
t
al
budget
i
ngunderconst
r
ai
nt
s
5.
4 Sour
cesofposi
t
i
v
eNPV
4
5.
5 Qual
i
t
at
i
v
ei
nf
l
uences
5.
6 Cor
por
at
est
r
at
egyandcapi
t
al
budget
i
ng
5.
7 Or
gani
sat
i
onconsi
der
at
i
ons.
6.
0 RAI
SI
NGLONGTERM FI
NANCE
6.
1 Vent
ur
ecapi
t
al
andpr
i
v
at
eequi
t
y
6.
2I
ni
t
i
al
publ
i
cof
f
er
6.
3 Secondar
ypubl
i
cof
f
er
6.
4 Ri
ght
si
ssue
6.
5 Pr
i
v
at
epl
acement
6.
6 Obt
ai
ni
ngat
er
ml
oan
7.
0 CORPORATEVALUATI
ON
7.
1 Adj
ust
edbookv
al
ueappr
oach
7.
2 St
ockanddebtappr
oach
7.
3 Di
r
ectcompar
i
sonappr
oach
7.
4 Di
scount
edcashf
l
owappr
oach
7.
5 Anal
y
si
nghi
st
or
i
cal
per
f
or
mance
7.
6 Est
i
mat
i
ngt
hecostofcapi
t
al
7.
7 For
ecast
i
ngper
f
or
mance
7.
8 Det
er
mi
ni
ngt
hecont
i
nui
ngv
al
ue
7.
9 Cal
cul
at
i
ngt
hef
ai
rv
al
ueandi
nt
er
pr
et
i
ngt
her
esul
t
s
7.
10Fr
eecashf
l
owt
oequi
t
yv
al
uat
i
on
7.
11Gui
del
i
nesf
orcor
por
at
ev
al
uat
i
on
8.
0 CORPORATERESTRUCTURI
NG,
MERGERSANDACQUI
SI
TI
ONS
8.
1 Ty
pesofBusi
nessCombi
nat
i
ons
8.
2 Mot
i
v
esandBenef
i
t
sofmer
ger
sandacqui
si
t
i
ons
8.
3 Val
uecr
eat
i
ont
hr
oughmer
ger
sandacqui
si
t
i
ons
8.
4 Fi
nanci
ngamer
ger
8.
5 Mer
gernegot
i
at
i
ons
8.
6 Account
i
ngf
ormer
ger
sandacqui
si
t
i
ons
9.
0 BUSI
NESSRECONSTRUCTI
ONANDREORGANI
SATI
ON
5
9.
1 Busi
nessexpansi
onandf
i
nanci
al
gr
owt
h
9.
2 Sour
cesofexpansi
onandcont
r
act
i
on
9.
3 Rest
r
uct
ur
i
ngst
r
at
egi
es–capi
t
al
r
econst
r
uct
i
on
9.
4 Di
v
est
ment
10.
0ROLEOFTREASURYMANAGEMENT
10.
1Mai
nact
i
v
i
t
i
esoft
het
r
easur
yf
unct
i
on
10.
2Fact
or
sl
eadi
ngt
oshor
t
,
medi
um andl
ongt
er
ml
i
qui
di
t
ysur
pl
usesand
def
i
ci
t
s.
10.
3Out
sour
ci
ngt
het
r
easur
yf
unct
i
onandt
heuseofshar
edser
v
i
ces
10.
4Tr
easur
ymanagementi
nst
r
ument
sandt
echni
ques
11.
0FI
NANCI
ALRI
SKFACTORSAFFECTI
NGORGANI
SATI
ONS
11.
1Ty
pesoff
i
nanci
al
r
i
sk–cur
r
encyr
i
sk;
i
nt
er
estr
at
er
i
sk;
l
i
qui
di
t
yr
i
sk;
cr
edi
t
r
i
sk;
l
egal
andr
egul
at
or
yr
i
sk;
f
r
audandcor
r
upt
i
onr
i
sk;
mar
ketr
i
sk
 Mi
t
i
gat
i
onofr
i
ski
ncl
udi
ngt
hef
ourT’
s
 I
mpactofmar
ketv
ol
at
i
l
i
t
y
 Rol
eofi
nsur
ancei
nr
i
skmanagement
 Cr
edi
tdef
aul
tswaps
11.
2Useoff
i
nanci
al
i
nst
r
ument
st
ohedgeagai
nsti
nt
er
estr
at
er
i
sk
 I
nt
er
estr
at
ef
or
war
ds
 I
nt
er
estswaps
 Opt
i
ons–f
l
oor
sandcaps
11.
3Useoff
i
nanci
al
i
nst
r
ument
st
ohedgeagai
nstf
or
ei
gnexchanger
i
sk
 For
war
dmar
ket
sanduseoff
or
war
dcont
r
act
s
 Sy
nt
het
i
cagr
eementf
orf
or
war
dexchange(
SAFE)
 Exchanget
r
adedcur
r
encyf
ut
ur
escont
r
act
s
 FOREXswaps
 Cur
r
encyopt
i
ons
I
NSTRUCTI
ON
6
Thet
eachi
ngwi
l
lconsi
stofl
ect
ur
es,semi
nar
s,gr
ouppr
esent
at
i
onsandi
ndi
v
i
dual
l
i
t
er
at
ur
e st
udi
es. The pedagogi
cali
dea i
st
o hel
pt
he st
udent
s under
st
and
sophi
st
i
cat
ed and somet
i
mes abst
r
actt
heor
i
es t
hr
ough t
he use ofi
l
l
ust
r
at
i
v
e
exampl
esandcasest
hatar
eeasyt
or
el
at
et
o.
ASSESSMENT:
Cour
sewor
k:
Gr
oupwor
k 15%
I
ndi
v
i
dual
25%
Tot
al
40%
Exami
nat
i
on:
60%
RECOMMENDEDTEXTS
1.ACCA,
(
2008/
9)Adv
ancedPer
f
or
manceManagement(
APM)
,
London,
Kapl
an
Publ
i
shi
ng.
2.Dr
ur
yC,
(
2012)ManagementandCostAccount
i
ng8thEdi
t
i
on,
London,
Thompson
3.Gar
r
i
son/
Nor
een(
2000)Manager
i
al
Account
i
ng9thEdi
t
i
on,
NewYor
k,
McGr
awHi
l
l
4.Chandr
aP,
(
2011)Fi
nanci
al
Management
:
Theor
yandPr
act
i
ce,
8thEdi
t
i
on,
New
Del
hi
,
McGr
awHi
l
l
5.Weav
erC.
W.andWest
onF.(
2011)St
r
at
egi
cFi
nanci
al
Management
:
Appl
i
cat
i
on
r
d
ofCor
por
at
eFi
nance,
3 Edi
t
i
on,
NewYor
k,
McGr
awHi
l
l
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m J.
K.
,
Si
egel
J.
G.&DauberN(
2010)Cor
por
at
eCont
r
ol
l
er
’
sHandbookof
Fi
nanci
al
Management2010–2011,
NewYor
k,
McGr
awHi
l
l
7.Emer
yD.
R.(
2011)St
udygui
deForCor
por
at
eFi
nanci
al
Management
,
3rdEdi
t
i
on,
NewYor
k,
Cr
am 101.
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yD.
R.
,
Fi
nner
t
yJ.
D.
,
&St
oweJ.
D.(
2011)
,
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at
eFi
nanci
al
Management
,
r
d
3 Edi
t
i
on,
London,
Pr
ent
i
ceHal
l
.
9.Anor
l
dG,
(
2012)
,
Cor
por
at
eFi
nanci
al
Management
,
3rdEdi
t
i
on,
NewYor
k,
Fi
nanci
al
Ti
mesPubl
i
sher
.
7
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PandeyI
.
M.
(
2012)Fi
nanci
al
Management
,
10thEdi
t
i
on,
NewDel
hi
,
Vi
kas
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i
shi
ngHouse.
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Shapi
r
oA.
C.(
2011)Mul
t
i
nat
i
onal
Fi
nanci
al
Management9thEdi
t
i
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Cal
i
f
or
ni
a,
JohnWi
l
ey&Sons
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Apt
eP.
G.(
2011)I
nt
er
nat
i
onal
Fi
nanci
al
Management6thEdi
t
i
on,
NewDel
hi
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McGr
awHi
l
l
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EunC.
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ckB.
G.4thEdi
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i
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hi
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awHi
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8