MBA: ACC 503 – Managerial Accounting
Categories: Master of Business Administration
About Course
This course explores the use of accounting information in internal business functions such as planning, control, and decision-making.
Students will learn to analyze cost behavior, prepare budgets, and evaluate financial performance, enabling them to make informed strategic decisions.
What Will You Learn?
- Demonstrate an understanding of key managerial accounting principles.
- Develop and use budgets for planning and control in business settings.
- Apply cost analysis techniques to enhance decision-making.
- Communicate managerial accounting information effectively.
- Exhibit the ability to use accounting data to make informed business decisions.
Course Content
Week 1: Introduction to Managerial Accounting
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Introduction to Managerial Accounting
00:00 -
LO1: Define Managerial Accounting and explain its role in supporting Internal Business
00:00 -
LO2: Differentiate between Managerial and Financial Accounting
00:00 -
LO3: Analyze how Managerial Accounting contributes to effective Planning and Control
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 2: Cost Concepts and Classifications
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Cost Concepts and Classifications
00:00 -
LO1: Identify and classify various types of Costs as Direct, Indirect, Fixed, or Variable
00:00 -
LO2: Explain how Cost behavior affects Decision-making and Cost control
00:00 -
LO3: Describe how to apply Cost classifications to practical Business scenarios
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 3: Cost-Volume-Profit (CVP) Analysis
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Cost-Volume-Profit (CVP) Analysis
00:00 -
LO1: Explain the concept of Cost-volume-profit relationships and their impact on Profitability
00:00 -
LO2: Demonstrate how to calculate Break-even points and analyze the effects of changes in costs
00:00 -
LO3: Evaluate the implications of CVP analysis for Managerial decisions
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 4: Budgeting and Planning
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Budgeting and Planning
00:00 -
LO1: Describe the role of Budgeting in Planning and Controlling business activities
00:00 -
LO2: Demonstrate how to prepare different types of Budgets, including Operating and Cash budgets
00:00 -
LO3: Analyze the effectiveness of Budgetary control in achieving Organizational goals
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 5: Standard Costs and Variance Analysis
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Standard Costs and Variance Analysis
00:00 -
LO1: Define Standard Costs and their importance in Performance measurement
00:00 -
LO2: Analyze Variances between actual and standard performance to identify causes of deviations
00:00 -
LO3: Understand the Corrective actions that can improve operational efficiency
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 6: Activity-Based Costing (ABC)
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Activity-Based Costing (ABC)
00:00 -
LO1: Explain the Principles and Purpose of Activity-based Costing in Modern Organizations
00:00 -
LO2: Identify Cost drivers and Allocate Overhead costs using the ABC method
00:00 -
LO3: Analyze how ABC enhances Cost accuracy and Decision-making in Complex environments
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 7: Relevant Costs for Decision Making
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Relevant Costs for Decision Making
00:00 -
LO1: Define Relevant and Irrelevant costs in Managerial decision contexts
00:00 -
LO2: Understand how to apply Relevant cost analysis to Make-or-buy, Special order, and Pricing decisions
00:00 -
LO3: Describe how ignoring Irrelevant Costs can lead to Poor decision-making
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 8: Midterm Exam or Major Assignment
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Midterm Exam or Major Assignment
00:00 -
Multiple Choice Questions
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True/False Questions
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Short Answer Questions
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Scenario-Based Questions
Week 9: Performance Measurement
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Performance Measurement
00:00 -
LO1: Explain the use of Financial and Non-financial Metrics in evaluating Performance
00:00 -
LO2: Analyze the components of the Balanced Scorecard approach
00:00 -
LO3: Understand Performance Indicators for different Business units
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 10: Decentralization and Responsibility Accounting
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Decentralization and Responsibility Accounting
00:00 -
LO1: Describe the Structure and Purpose of Decentralized Operations
00:00 -
LO2: Explain the concept of Responsibility centers and their role in Performance Measurement
00:00 -
LO3: Analyze Transfer Pricing methods and their impact on divisional decision-making
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 11: Capital Budgeting Decisions
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Capital Budgeting Decisions
00:00 -
LO1: Explain the importance of Capital Budgeting in Long-term investment decisions
00:00 -
LO2: Define methods such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period
00:00 -
LO3: Evaluate the Risks and Benefits associated with Capital Investment Decisions
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 12: Inventory Management and Just-in-Time (JIT)
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Inventory Management and Just-in-Time (JIT)
00:00 -
LO1: Describe key Inventory Management techniques and their role in Cost control
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LO2: Explain the Principles of Just-in-Time (JIT) systems and their impact on efficiency
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LO3: Analyze how Just-in-Time implementation can reduce waste and improve profitability
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 13: Ethics in Managerial Accounting
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Ethics in Managerial Accounting
00:00 -
LO1: Identify Ethical issues commonly faced by Managerial Accountants
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LO2: Explain the importance of Professional Ethics and Integrity in Accounting practices
00:00 -
LO3: Evaluate the role of Corporate Governance in ensuring Ethical decision-making
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 14: Financial Statement Analysis
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Financial Statement Analysis
00:00 -
LO1: Explain the purpose of Financial Statement analysis in Managerial decision-making
00:00 -
LO2: Describe how to apply Ratio and Trend analysis to evaluate Organizational performance
00:00 -
LO3: Define Cash flow statements to assess Liquidity, Solvency, and Profitability
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 15: Strategic Cost Management
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Strategic Cost Management
00:00 -
LO1: Define Strategic Cost Management and its role in competitive advantage
00:00 -
LO2: Analyze the Value Chain to identify cost-saving and performance-improvement opportunities
00:00 -
LO3: Evaluate Cost management strategies that align with Business-level strategies
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
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Written Assignment
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Presentation Task
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Role-Playing Activity
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Peer Review Task
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Exercises and Activities Adaptation
Week 16: Final Test or Project
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Week 16: Final Test or Project
00:00 -
Multiple Choice Questions
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True/False Questions
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Scenario-Based Multiple Choice Questions
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Key Terms and Concepts Questions
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Short Answer Questions
