MBA 8101: FINANCIAL AND MANAGERIAL ACCOUNTING
Course Objectives
General objective :
The purpose of this course is to enable the student to use broad based set of tools and techniques to
interpret financial statements and make decisions.
Specific objectives or learning outcomes:
By the end of this course a student should be able to:
1. Prepare and use financial statements both from a managerial and an investor’s point of
view.
2. Evaluate the processes, possibilities and limitations of financial accounting and
management accounting with due regard to the ethical dimensions of the accounting
function.
3. Apply cost and costing information as well as cost analysis in decision-making.
4. Use accounting as a tool of management planning and control including budgetary control
and performance measurement.
5. Use modern accounting and control theory in evaluating economic conditions and make
organizational decisions
Course Plan
Topic
Date
1. Introduction, recording transactions, accounting process and regulatory
framework
Learning Outcomes- To:
1.1 Describe nature and purpose of accounting
1.2 Record accounting transactions
1.3 Describe accounting process, principles and regulatory framework
2. Preparing basic financial statements- Income statement, statement of
financial position (balance sheet) and statement of cash flows.
Learning Outcomes- To prepare:
2.1 An income statement
2.2 A statement of financial position
2.3 A statement of cash flows
3. Preparing basic financial statements (application) - Reference to
companies quoted on the NSE – Kenol Kobil, Jubiliee, Sasini, Nation
Media Group, National Bank, Centum, Safaricom, Kengen - Syndicate
presentations
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4. Analyzing and interpreting financial statements by use of ratios and other
techniques – Introduction and application
Case study- (Uchumi, Costco Wholesale Corporation Case)
Learning Outcomes- To:
4.1 Describe the activities in analyzing financial statements
4.2 Analyze financial statements using various techniques with major focus
on financial ratios
5. Preparing forecast financial statements- Income statement and statement of
financial position.
Learning Outcomes – To prepare a forecast:
5.1 Income statement
5.2 Statement of financial position
6. Nature, purpose and role of cost accounting and management accounting,
classification of costs in different types of businesses, costing and pricing
different types of products.
Case Study :Nissan Motor Company : Target Costing
Learning Outcomes- To:
6.1 Examine purpose of cost and management accounting
6.2 Classify costs
6.3 Price products (goods and services –including Activity Based costing
and target costing)
7. Break even analysis
Case study:
Learning Outcome- To:
7.1 Explain the importance of break even analysis
7.2 Compute the breakeven point
7.3 Apply break even analysis in decision making
8. Budgetary planning and control
Note : Who needs Budgets? Jeremy Hope and Robin Fraser
Learning Outcomes- To:
8.1 Describe the nature of budgeting, planning and controlling
8.2 Prepare budgets
8.3 Identify and explain the causes of variances
9. Performance measurement and evaluation
Case Study : Mobil USM&R (A1)
Learning Outcomes: To
9.1 Identify financial and non financial measures of performance
9.2 Evaluate the performance of divisions
9.3 Analyze performance using models such as the balanced score card
10. Management Accounting and Strategy (including decision making) –
Choosing products and product mix, make or buy, special orders and shut
down decisions
Case study: Resina: Managing Operations in China
Learning Outcomes: To:
10.1
Describe how management accounting contributes to
strategy(Strategic Management accounting)
10.2 Choose products and product mix
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10.3 Decide on whether to make or by or carry out a special order
10.4 Decide on whether to continue or shut down a product line/
department
CAT
Modular A
Exam :
Modular B
Course Materials
Recommended
text
Title
Accounting and
Finance for
Non-Specialists
Financial and
Management
Accounting; An
introduction
MBA
Fundamentals
Accounting and
Finance (2009)
Financial
accounting for
MBAs (2008)
Journal of
Accounting &
Economics
Journal of
Business
Finance &
Accounting
Author
Peter Atrill &
Eddie McLaney
Publisher
Prentice Hall
(6th edition)
ISBN
0-273-73275-7
Pauline
Weetman
Prentice Hall
4th Edition
0-273-70369-2
Michael
Griffin
Kaplan MBA
Fundamentals
1427797196
Cambridge
Business
Publishers 3rd
Edition;
Elsevier Science
0978727932
Easton Peter
Douglas,
Editor
Editor
Blackwell
Publishing Ltd
0165-4101
B000071GE4
Mode of delivery:
This will include lectures, case studies, group and individual assignments, exercises
Learning and Teaching Methodologies:
Classes will consist of lectures, case studies, group facilitation, personal projects, written assignments
and presentations and industry guest- speaker sessions.
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Academic Assesment
Type
Examination
CAT 1 (Supervised)
Assignments and group presentations
Continuous Assessment
Total
Weighting (%)
60
20
20
40
100
Examination Requirements
In order to sit the final exam, a student must have attended at least two thirds of the total number of
contact hours and have attempted all the continuous assessments/test.
Policies
1. Students are required to sit the CAT and analyze a case during the course.
2. Please sign the class register at every class session.
3. If any student is found cheating in a test, his/her test result will be zero. The student will be issued
with a warning letter and will be called to see their administrator.
4. Any student in this course who has a disability that may prevent him/her from fully demonstrating
his/her other abilities should contact me personally as soon as possible so we can discuss
accommodations necessary to ensure full participation and facilitate your educational
opportunities.
Classes
1. Punctuality is fundamental.
2. Active participation in class discussions is essential.
Assignments and/or Course Work
1. Plagiarism is a serious offence. If detected in any form in course work and assignments, the
following will apply:
a. In partial or non-serious cases (such as not citing whole word-for-word quotes), half the
totalpossible marks of the assignment are duly struck off.
b. In serious cases (such as whole duplication of a paper), a zero policy will apply i.e., all
offendingassignments will be awarded a mark of zero.
Note: The level of seriousness referred to above is at the discretion of the lecturer. Appeals are
certainly possible through the relevant channels.
2. Notwithstanding the above, collaboration in course work is certainly encouraged as this promotes
team spirit and group synergy, provided originality is preserved.
Appointments
Please make appointments by email or in person after lectures.
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Lecturer Information
Dr. Ceasar Mwangi, PhD
Consultant, Former Managing Director, Sasini


 PhD. in Organizational Performance and Change Management
Wits Business School, University of the Witwatersrand in Johannesburg - MBA
 University of Nairobi . - BA Economics
 Certified Public Accountant – CPA .
Certificate in Corporate Governance from the Center for Corporate Governance
Interest in issues related to value based leadership, organizational effectiveness, people
effectiveness and issues of sustainable national development.
.Contact: drceasarmwangi@gmail.com
Mr. Geoffrey Injeni


Fulltime Fuculty, Strathmore Business School
Currently, PhD student at Strathmore University
Masters in Commerce (MCOM) - Finance from Strathmore University
Bachelor of Commerce (Accounting and Finance) from Strathmore University


FCCA and CPA (K)
Interests: Financial Accounting, Management accounting and Financial Management;
Securities valuation (Stocks, bonds and derivatives) and analyzing businesses

Contact: ginjeni@strathmore.edu
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