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Course Outline Financial and Managerial Accounting 2023 24 Commented1
Course Outline Financial and Managerial Accounting 2023 24 Commented1
The course aims to expose students to the nature of accounting information and its uses from various
decision-making perspectives. Besides, it provides a sound ground in the application of accounting
concepts and techniques and considers ethical and corporate governance issues associated with the
provision of accounting information. The topics chosen are a mix of financial and managerial accounting.
The financial accounting topics cover basics of financial statements, their analysis and the concepts and
procedures that underpin their preparation. The managerial accounting topics, on their part, include cost
and cost behavior, product costing and information for planning, controlling and decision making.
COURSE OBJECTIVE
Chapter-1 Accounting: Information for decision making (Chapter 1 of Williams et al., 2018)
Chapter-2 Basic financial statements (Chapter 2 of Williams et al., 2018)
Chapter-3 Financial statement analysis (Chapter 14 of Williams et al., 2018)
Part-II Management Accounting
Chapter-4 Basic cost concepts and cost behavior (Chapter 2 of Hilton & Platt, 2020)
Chapter-5 Cost-volume-profit analysis (Chapter 7 of Hilton & Platt, 2020)
Chapter-6 Budgeting and performance measurement (Chapters 9 & 11 of Hilton & Platt, 2020)
Chapter-7 Managerial decisions (Chapter 14 of Hilton & Platt, 2020)
ASSESSMENT
Continuous assessment-1 Group work and presentation……….……....…….. 20%
Continuous assessment-2 Test-1 (covering the first three chapters)……….… 10%
Test-2 (covering chapters 4 & 5)………………..… 10%
Test-3 (covering the last two chapters)……………. 10%
Final assessment Final exam covering all chapters…….…………….. 50%
TEXTBOOKS
Williams, J.R., Haka, S.F., Bettner, M.S., & Carcello, J.V. (2018). Financial & managerial accounting:
The basis for business decisions. NY: McGraw-Hill.
Hilton, R.W., & Platt, D.E. (2020). Managerial accounting: creating value in a dynamic business
environment. NY: McGraw-Hill.
REFERENCES
BPP. (2016). ACCA Paper F2: Management Accounting. (5th ed.). London: BPP Learning Media Ltd.
BPP. (2016). ACCA Paper F5: Performance Management. (9th ed.). London: BPP Learning Media Ltd.
BPP. (2016). ACCA Paper PI: Governance, Risk and Ethics. (9th ed.). London: BPP Learning Media
Ltd.
Collier, P. M. (2003). Accounting for Managers: Interpreting accounting information for decision-
making. NJ: John Wiley & Sons, Ltd.
Duska, R.F., Duska, B.S., & Ragatz, J. (2011). Accounting ethics. (2nd ed.): NJ: Wiley-Blackwell.
Helfert, E.A. (2001). Financial Analysis Tools and Techniques: A Guide for Manager. NY: McGraw-Hill
Companies.
IASB. (2018). Conceptual Framework for Financial Reporting. Retrieved October 14, 2018 from
http://eifrs.ifrs.org/eifrs/PdfAlone?id=21922&sidebarOption=UnaccompaniedConceptual.
Kimmel, P.D.K., Weygandt, J.J., & Kieso, D.E. (2016). Financial Accounting: Tools for Business
Decision Making. (8th ed.). NJ: John Wiley & Sons, Inc.
Lee, T.A. (2007). Financial Reporting and Corporate Governance. (2nd ed.). JA: John Wiley & Sons,
Ltd.
Palepu, K.G., Healy, P.M., & Peek, E. (2013). Business analysis and valuation: IFRS Edition. (3rd ed.).
Hampshire: Cengage Learning EMEA.
Rezaee, Z. (2018). Corporate Governance in the Aftermath of the Global Financial Crisis, Volume IV:
Emerging Issues in Corporate Governance. NY: Business Expert Press.
Weygandt, J.J., Kimmel, P.D. & Kieso, D.E. (2015). Financial Accounting: IFRS Edition. (3rd ed.).
MA: John Wiley & Sons, Inc.
Weygandt, J.J., Kimmel, P.D., Kieso, D.E. & Aly, I.A. (2018). Managerial Accounting:
Tools for Business Decision-Making. (5th Cdn ed.). MA: John Wiley & Sons, Inc.
Wild, J.J., Ken, W.S., & Barbara, C. (2018). Financial and Managerial Accounting: Information for
Decisions (7th ed.). NY: McGraw-Hill Education.