ACC381: Management Accounting
School of Business Studies, IBA Karachi
Program:
Department Offering
Class ERP Number
Faculty
BBA / BSAF
Accounting and Law
75831, 75826
Ms. Zaira Anees
Class details
Class Timing
11:30 to 12:45
01:00 to 02:15
Session Days
Tuesday/Thursday
Credit Hours:
3 Credit Hours
Email
zanees@iba.edu.pk
Contact #
+92 345 8214377
Course Description
The aim of management accounting is to develop knowledge and understanding of the principles and
techniques used in recording, analyzing and reporting costs and revenues for internal management
purposes. Major topics include cost analysis, costing accounting techniques, planning, controlling
and decision-making measures.
BSAF Program Learning Goals (PLGs)
1. Communication Skills
Students will become effective speakers, listeners, writers and team members
2. Knowledge of All Business Disciplines
Students will gain a broad-based understanding of a range of business disciplines
3. Critical Thinking
Students will develop the ability to classify, analyze and evaluate the available data using
appropriate techniques for effective decision making.
4. Ethics
Students will have an awareness and understanding of ethical issues.
5. Glocal Mindset
Students will develop a focus on global connections with local contexts through awareness of
diversity across cultures and markets.
Course Learning Outcomes (CLOs)
1.
2.
3.
4.
5.
Students will be able to understand the terminology and basic concepts underlying
management accounting (mapped with PLO201).
The students will be able to understand and apply elements of management accounting
which are used to make and support decisions (mapped with PLO201).
The students will be able to understand and apply costing accounting techniques used in
business which are essential for any management accountant (mapped with PLO201).
Students will be able to prepare and use budgeting and standard costing and variance
analysis which are essential tools for planning and controlling business activities (mapped
with PLO302)
Students will be able to identify relevant business information and data in the given context
(mapped with PLO301)
AoL Assessment Mapping (for * part / if compulsory)
PLO mapped: The course is mapped with BSAF program learning goal PLG3 and Program
learning objective PLO 301
Assessment Tool: Examined through a scenario-based question in Final Examination
Teaching and Learning Methodology
1. Students are required to read the topic prior to the lecture.
2. The course assignment will be a group presentation on basic Management Accounting
concepts.
3. Lecture presentations/notes will be uploaded on Learning Management System (LMS).
4. Announced quizzes will be taken to gauge student progress.
Course Learning Outcomes mapped to Program Learning Outcomes
Program Learning
Goals
Communication
Skills
Knowledge of
All Business
Disciplines
Critical
Thinking
Ethics
Glocal
Mindset
Course Learning
Outcomes
1
X
2
X
3
X
4
X
5
PLO 301
Reading
Introduction to
Management
Accounting.
Cost Classification
and behaviour
Mapping to
Course Learning
Outcomes
Session Topic
CL0 1


CL0 1



Overview of Management Accounting
Role of Management Accounting in business
decisions
Differentiation between Direct and Indirect cost
Analysis of different cost behaviours
Methods used to identify fixed and variable costs
from a mixed cost
Class lecture: Scenarios and Questions

Material, Labour and
Overhead costing
Responsibility Centers
CLO 2
Inventory valuation methods and inventory
control procedures
 Different methods used for labour costing
 Discussion of Overhead Absorption Rate (OAR)
and understanding of under/over absorption
Class lecture: Scenarios and Questions
CLO 1
Responsibility Accounting for cost centers
Responsibility Accounting for Profit centers
Responsibility Accounting for Investment centers
Principle for performance evaluation
Class lecture: Scenarios and discussion

Job, Process and
service costing
CLO 3

Calculate cost of product and inventories by
application of process costing and prepare
accounting entries
Describe job order costing and calculate the cost of
a job and inventories by application of job order
costing

Calculate cost of services rendered by a service
organization
Class lecture: Scnarios and Questions
Absorption and
Marginal Costing

CLO 3
Explain the concept of Absorption and marginal
costing and apply it on given data.
 Compare marginal costing and absorption costing.
Class lecture: Scnarios and Questions

Budgeting
CL0 4
Explain how budgeting process works and prepare
forecasts on given data and assumptions.
 Preparation of Master Budget
 Rolling Budgets
Class lecture: Scenarios and Questions

Standard costing and
variances
Decision making
CL0 4
Explain standard costing and perform standard
setting for material, labour and factory overhead.
 Calculate, analyze and interpret various
variances relating to material, labour and factory
overhead.
 Explain various planning and operational
variances. Management by exception.
Class lecture: Scnarios and Questions
CL0 5
 Identify Relevant and Irrelevant costs.
Class lecture: Scnarios and Questions
Textbook and Pre-Course Reading Material
Recommended Text:
Cost and Management Accounting – CAF 3 (2022)
ACCA study text FMA
Secondary Texts:
Garrison R.H. (et al.) - Managerial Accounting – 17th Edition
Prerequisite Skills and Knowledge to take this Course
Accounting and Financial Management
Assessments and Grading Scheme
Assessment
Presentation
Quizzes
Due Date
Remarks
Before final exam
Ongoing
Presentation will be done in groups
Individual quizzes
Ongoing
Exam Weeks
Individual assignments
Written exams will be conducted by exam
department as per IBA policy
Based on how actively student is
participating in the class
Written Assignments
Written Exams
Ongoing
Class Participation
Marks Distribution
Total Frequency
Total Exempted
Marks
/Frequency
Total Marks
/Head
Presentation
1
0
10
10
Quizzes
7
2
5
20
Written Exam Papers
2
0
25/35
60
Written Assignment
5
0
1
5
Marks Head
Class Participation
5
Total Marks
100
Comments and/or Suggestions
•
•
•
•
•
•
•
Since subsequent topics build on previously learned material, it is imperative that
students keep up with the material. In addition, students should ensure that
lectures are understood properly.
Any student who misses a class is responsible for obtaining any handouts and
information on course content, assignments, due dates, test dates, etc.
Unethical behavior (cheating, plagiarism, proxy attendance) will be strictly
penalized.
All assignments will be handwritten, and its pdf file shall be uploaded at LMS.
Assignments sent via email will not be accepted.
There won't be any opportunities for make-up exams for mid-term. Students' midterm grades will be determined by a 70% weighting, calculated from the average of
their quiz scores (related to the topics covered in the mid-term) and the final exam.
Students’ attendance will also play a role in students’ Class Participation marks.
Students with insufficient attendance will not receive any leniency or grace marks.
If a student gets absent in class participation activity, he/she will not be awarded
any marks for that
Technology & Innovation
•
•
All course materials will be posted on LMS, and grades will be posted on ERP.
Students are responsible to stay updated on these platforms.
Experiential Learning Exposure(s)


Students will get a chance to observe real information about different manufacturing
companies through group assignments.
There will be two guest speaker sessions during the course
Societal Impact / Contribution
Students are required to capture the information regarding the way their chosen company is
creating societal impact and suggest at least one recommendation in their presentation
Academic Conduct
IBA policy
Attendance Policy
IBA policy
Plagiarism Policy
IBA policy
Withdrawal Policy
IBA policy