Readings and Video Lectures

Recommended Text: Managerial Accounting: Tools for Business Decision-Making (Click here to
download)

Supplementary Reading: Managerial Accounting (Click here to download)

1 Introduction to managerial Chapter 1: Managerial 1. Origin of Managerial Accounting

accounting; comparison Accounting 2. Introduction to Managerial
between financial and Accounting
managerial accounting; 3. Financial Accounting vs.
expanding role of Managerial Accounting
managerial accounting.
2 The different classifications Chapter 2: Managerial 4. Cost objects
of cost, assigning costs to Cost Concepts and Cost 5. Direct and Indirect Costs
cost objects. Behaviour Analysis 6. Direct Materials
7. Direct Labor
8. Manufacturing Overheads
9. Manufacturing Costs
10. Prime and conversion costs
3 Flow of costs from raw Chapter 2: Managerial 11. Raw Material Inventory
material to finished goods, Cost Concepts and Cost 12. Work In Process (WIP)
and find out Cost of Goods Behaviour Analysis 13. Finished Goods (FG)
Manufactured and Cost of 14. Flow of costs
Goods Sold. 15. Non-manufacturing costs
16. Cost of Goods Manufactured
17. Cost of Goods Sold
18. Calculating COGS
4 Other Cost Classifications Chapter 2: Managerial 19. Product Cost
Cost Concepts and Cost 20. Period Costs
Behaviour Analysis 21. Opportunity Cost
22. Sunk Cost
5 The difference between Chapter 2: Managerial 23. Variable Cost
Variable and Fixed Costs. Cost Concepts and Cost 24. Fixed Cost
The high-low method and Behaviour Analysis 25. Relevant range of costs
least regression method. 26. Step Variable Cost (or step fixed
costs)
27. Mixed Costs
28. The High-Low Method
29. Example of using High-Low
Method
30. Least Square Regression Method
31. Discretionary Fixed Costs vs
Committed Fixed Costs
6 Cost drivers and 32. Cost Drivers
application of overheads 33. Pre-determined overhead rate
34. Applying overheads
35. Actual vs. Applied OH

7 Job order cost system, cost
flow in job-order, assigning
manufacturing costs to
work in process
8 Process cost accounting,
equivalent units and the
production cost report.
9 Application of activity
based costing system, its
limitations and benefits.
10 Cost volume profit
analysis, concept of
contribution margin,
break-even analysis,
margin of safety
11 Preparation of budgets:
Introduction
36. Under-applied or Over-applied
Overheads
37. Example of Pro-rating Under or
Over-applied Overheads
38. Closing Under or Over-applied
Overheads
39. Effect of Under or Over-applied
Overheads
40. Adjusted Allocation Rate Approach
Chapter 3: Job Order 41. Job Order Costing
Cost Accounting 42. Example of Job Order
43. Job Order Journal Entries
44. Job Order Costing for Service
Providers
Chapter 4: Process Cost 45. Difference between Job Order and
Accounting Process Costing
46. Process Costing
47. Cost per Equivalent Unit
48. Example of Cost per Equivalent
Unit
Chapter 5: Activity Based 49. Activity Based Costing (ABC) vs.
Costing Traditional Costing
50. Activity measures for ABC
51. ABC Cost Pools
52. ABC Second Stage Allocation
53. Example of ABC Costing
54. Profitability Analysis in ABC
55. Disadvantages of ABC
Chapter 6: Decision- 56. Contribution Margin
Making: Cost Volume 57. Contribution Margin Ratio
Profit 58. Contribution Format Income
Statement
59. Cost Volume Profit Analysis
60. Break-even point (in number of
units)
61. Break-even point (in dollars)
62. Multi-product Break-even Analysis
63. Margin of Safety
64. Example of Margin of Safety
65. Degree of Operating Leverage
66. Example of Degree of Operating
Leverage
67. CVP Analysis: Target After Tax
Profit
Chapter 10: Budgetary 68. Introduction to Budgeting
Planning 69. Participative Budgeting vs.
Traditional Budgeting

12 Master Budget, Sales,
production and direct
materials budgets
13 Flexible budgets and
budgetary control.
14 Responsibility Accounting
15 The need for standard
costing, and variance
analysis
16 Balanced Scorecard
70. Rolling Budget (Continuous
Budget)
71. Zero-Based Budgeting
Chapter 10: Budgetary 72. Master Budget
Planning 73. Sales Budget
74. Production Budget
75. Direct Materials Budget
76. Direct Labor Budget
77. Manufacturing Overhead Budget
78. Expense Budget
79. Cash Budget
Chapter 11: Budgetary 80. Advantages of Budgeting
Control and 81. Disadvantages of Budgeting
Responsibility 82. Flexible Budgets
Accounting 83. Variance Analysis
84. Example to Calculate Revenue
Variance
85. Example to Calculate Spending
Variance
86. Advantages of Flexible Budgeting
87. Disadvantages of Flexible Budget
88. Responsibility Accounting
89. Responsibility Center
90. Cost Center
91. Revenue Center
92. Profit Center
93. Investment Center
Chapter 12: Standard 94. Standard Costs and Variance
Costs and Balanced Analysis
Scorecard 95. Material Price Variance
96. Material Quantity Variance
97. Direct Material Variance
98. Labor Rate Variance
99. Labor Efficiency Variance
100. Direct Labor Variance
101. Variable Overhead Spending
Variance
102. Variable Overhead Efficiency
Variance
103. Fixed Overhead Spending
Variance
104. Fixed Overhead Production
Volume Variance
105. Advantages of Standard Costing
106. Disadvantages of Standard
Costing
Chapter 12: Standard 107. The Balanced Scorecard
 Costs and Balanced 108. The Balanced Scorecard: Learning
Scorecard and Growth
109. The Balanced Scorecard: Internal
Process Perspective
110. The Balanced Scorecard:
Customer’s Perspective
111. The Balanced Scorecard: Financial
Perspective
112. Balanced Scorecard with Strategy
Maps
17 Transfer Pricing Chapter 9: Pricing 113. Transfer Pricing
114. Market Based Transfer Pricing
115. Cost Based Transfer Pricing
116. Negotiated Transfer Pricing
117. Full Cost Transfer Pricing
118. Transfer Pricing (Excess Capacity)
119. Transfer Pricing (No Excess
Capacity)
120. Dual Rate Transfer Pricing
121. Transfer Pricing and Tax
Avoidance
18 Measures of Performance 122. Return on Investment
123. Residual Income
124. ROI vs. Residual Income
125. Economic Value Added (EVA)
126. Example of EVA
127. Cost to Acquire a Customer
128. Churn Rate
129. Lifetime Value of a Customer
130. Lifetime Value vs. Customer
Acquisition
131. Sale Per Square Foot
132. Daily Active Users
19 Absorption and variable 133. Absorption Costing
costing 134. Variable Costing
135. Absorption vs. Variable Costing
136. Example of Absorption Costing
137. Example of Variable Costing
138. Absorption Costing Profit vs.
Variable Costing Profit
139. Advantages of Variable Costing
Method
140. Disadvantages of Variable Costing