Faculty of Accountancy

UiTM CAW KELANTAN

Course Name: Cost & Management Accounting Lecturer: NOR JASLINA NIK WIL
Course Code: MAF 451 Room: BLOCK C, B3-7
Credit Hour: 3 e-mail: jaslina295@uitm.edu.my
Semester: March 2024 – July 2024

Course Learning Outcomes (CLO)

At the end of the course, students should be able to:

1. Explain cost elements in product and service costing systems.

2. Analyze changes in costs and volume using CVP analysis.
3. Demonstrate communication skills to address issues in management accounting.

Course Description

This course introduces principles and methods of management accounting at operational

level. Emphasis is on cost concepts: job costing/billing, process costing and activity-based
costing as well as decision making concepts: absorption costing versus marginal costing
and the cost-volume-profit analysis.

Syllabus Content

1.0 Management Accounting

• Nature and purpose of internal reporting

• Requirements for management information
• Differences between management accounting and financial accounting

2.0 Cost Concepts and Classifications

• Cost for different purposes

• Manufacturing Costs
• Cost Estimations – Traditional Overhead and Activity Based Costing

3.0 Product & Service Costing System

• Job Costing (no computation)

• Contract Costing (no computation)
• Process Costing
• Characteristics of process costing
• Normal losses, abnormal losses, abnormal gain
• Scrap and Waste
• Output fully complete
• Output not fully complete
• Joint Products and By-Products
• Apportionment of joint cost using volume/weight and net realizable value

1
4.0 Absorption Costing and Marginal Costing

• Rationale for absorption costing and marginal costing

• Product costs using the absorption costing method and the marginal costing
• Compare and contrast the use of AC and MC for profit reporting and inventory
valuation
• Reconcile the profits reported by AC and MC

5.0 Cost-Volume-Profit Analysis

• Derivation of CVP
• Assumptions of CVP
• Break-even point
• Margin of safety
• Graphing and interpretation of CVP
• Using CVP for business decision making
• Multi-product CVP

Teaching Methodology

Lectures & Tutorials

Blended Learning

Assessment

Continuous Assessment (40%)

Tests
Quiz
Blended Learning
Final Examination/Assessment (60%)

Recommended Text

Langfield-Smith, K., Thorne, H., Smith, D., (2020), Managerial Accounting, 8th Edition,
McGraw Hill International Edition.

References

Abdul Aziz, R., Che Puteh, C.H., Rajamanoharam, I.D., Thirumanickam, N., (2015),
Management Accounting, 2 nd edition, Oxford University Press,

2
 WEEKLY LESSON PLAN

Hours MODEL
Week Dates Topics Covered
Allocated A.D.A.B
1 Introduction to Management SITUATE,
ODL 18/3/2024 – 22/3/2024 3
Accounting DIGEST
2 Cost Accumulation and Cost DIGEST,
ODL 25/3/2024 – 29/3/2024 3
Assignment SYNTHESIZE
QUIZ 1
20 MCQs 5%
(Covered: Introduction, Cost Accumulation and Cost (Online/Offline)
Assignment)
3 DIGEST,
ODL 1/4/2024 – 5/4/2024 Manufacturing Cost 3
SYNTHESIZE
MID TERM BREAK (HARI RAYA BREAK)
8/4/2024 – 12/4/2024
Overhead - Traditional / DIGEST,
4 15/4/2024 – 19/4/2024 3 SYNTHESIZE
Conventional Method
DIGEST,
5 22/4/2024 – 26/4/2024 Overhead - ABC Method 3 SYNTHESIZE
Job Costing & Contract DIGEST,
6 29/4/2024 – 3/5/2024 3
Costing SYNTHESIZE
DIGEST,
7 6/5/2024 – 10/5/2024 Process Costing 3 SYNTHESIZE,
CREATE
Process Costing with Joint DIGEST,
8 13/5/2024 – 17/5/2024 3 SYNTHESIZE,
and by products CREATE
TEST – DURING WEEK 8 OR WEEKEND
15%
Covered: ABC Method and Process Costing
DIGEST,
9 20/5/2024 – 24/5/2024 Process Costing with Joint 3 SYNTHESIZE,
and by products CREATE
SPECIAL BREAK
27/5/2024 – 2/6/2024
* 30 & 31 May -: Pesta Menuai & Hari Gawai 1 &2 June

Absorption Costing and DIGEST,

10 3/6/2024 – 7/6/2024 3 SYNTHESIZE,
Marginal (Variable) Costing CREATE
DIGEST,
11 10/6/2024 – 14/6/2024 Absorption Costing and 3 SYNTHESIZE,
Marginal (Variable) Costing CREATE
DIGEST,
12 17/6/2024 – 21/6/2024 Cost-Volume-Profit Analysis 3
SYNTHESIZE
DIGEST,
13 24/6/2024 – 28/6/2024 Cost-Volume-Profit Analysis 3 SYNTHESIZE
QUIZ 2
5%
20 MCQs
(Online/Offline)
(Covered: AC&MC and CVP Analysis)

3
 DIGEST,
14 1/7/2024 – 5/7/2024 Cost-Volume-Profit Analysis 3 SYNTHESIZE,
REFLECT
8/7/2024 - 14/7/2024 REVISION WEEK 1 week

FINAL EXAMINATION 3 weeks

Assessment
Continuous Assessment:
• Test 15%
• Quiz 10%
• Blended Learning 15%
Final Examination 60%
Total 100%