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    Ethiopia Adventist College

    Uploaded by

    Samuel Debebe
    This document outlines the course details for Cost and Management Accounting I. The course introduces students to cost accounting concepts, theories, techniques and applications. It aims to explain how cost accounting supports managerial decision making. Major topics covered include job-order costing, process costing, spoilage, rework, joint and by-products, cost allocation and standard costing. Students will be assessed through continuous assessments worth 60% and a final exam worth 40% of their overall grade. Attendance is mandatory and late assignments or missed exams are not accepted.

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    Ethiopia Adventist College

    Uploaded by

    Samuel Debebe
    174 views3 pages
    This document outlines the course details for Cost and Management Accounting I. The course introduces students to cost accounting concepts, theories, techniques and applications. It aims to explain how cost accounting supports managerial decision making. Major topics covered include job-order costing, process costing, spoilage, rework, joint and by-products, cost allocation and standard costing. Students will be assessed through continuous assessments worth 60% and a final exam worth 40% of their overall grade. Attendance is mandatory and late assignments or missed exams are not accepted.

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    COST 1

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    This document outlines the course details for Cost and Management Accounting I. The course introduces students to cost accounting concepts, theories, techniques and applications. It aims to explain how cost accounting supports managerial decision making. Major topics covered include job-order costing, process costing, spoilage, rework, joint and by-products, cost allocation and standard costing. Students will be assessed through continuous assessments worth 60% and a final exam worth 40% of their overall grade. Attendance is mandatory and late assignments or missed exams are not accepted.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    174 views3 pages

    Ethiopia Adventist College

    Uploaded by

    Samuel Debebe
    This document outlines the course details for Cost and Management Accounting I. The course introduces students to cost accounting concepts, theories, techniques and applications. It aims to explain how cost accounting supports managerial decision making. Major topics covered include job-order costing, process costing, spoilage, rework, joint and by-products, cost allocation and standard costing. Students will be assessed through continuous assessments worth 60% and a final exam worth 40% of their overall grade. Attendance is mandatory and late assignments or missed exams are not accepted.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    1

    Ethiopia Adventist College


    College of business
    1. Cost and Management Accounting

    Cost and Management Accounting I

    A. Course Description:
    The course deals with the concepts and techniques of cost accounting. Topics included
    are: fundamentals of cost & management accounting; terminologies, classifications, and
    behavior of costs; job-order and activity-based costing; absorption and variable costing;
    cost allocation, joint products, and by-products; spoilage, reworked units, and scraps; and
    process & standard costing.

    B. Course Objectives
    The basic objective of offering this course is to introduce to the students the underlying
    cost accounting concepts, theories, techniques, procedures, and applications along with
    the roles cost accounting plays in the institutional accounting information system and its
    significance in supplementing managerial decision making.

    C. Prerequisites: principles of Accounting II


    D. Required Texts:
     Text book: A Managerial Emphasis- Horn green, Foster, and Datar, 9th, 10th, 11th
    12th editions.
    E. Expectations:
     Students always ready to give feedback concerning the course
     Students expected to do assignments and class activities on time.
     Students expected to be active participant in different activities for example, group work
     Students develop their knowledge concerning the course

    F. Summary of Teaching Learning Methods:


     Lecture, group work, assignment, tutorial & individual work
    G. Policies:
    2

     Attendance: - is mandatory, if students miss class more than 25% during the
    semester they should not take the exam.
     Quizzes: - at the end of the chapter or the topic there is test or quizzes to assess
    whether the student understand the topic or not.
     Cheating: - students must do their own work, if they are going to cheat from
    somebody else they will get zero.
     Grading system: - grading system is flexible or depends on the student’s
    performance
     Homework will not be accepted after the due date. 
     The examinations must be taken as scheduled on this syllabus and as announced in
    class.

    Week Topic & sub topics

    introduction about the course


    Chapter 1:- COST AND MANAGEMENT ACCOUNTING FUNDAMENTALS
     Nature and purpose of cost accounting
     Relationship of cost accounting with financial and managerial
    accounting
     Nature and scope of management accounting

    Chapter 2:- COST TERMINOLOGY AND CLASSIFICATION


     Cost object and cost driver

     Cost accumulation, assignment-tracing and allocation

     Classification of cost

    Chapter 3:- JOB ORDER COSTING

     Product costing

     Journal entries

     Under/over applied factory overheads

    Chapter 4:- PROCESS COSTING

     Process costing concepts

     Weighted average and FIFO methods

     Transferred in cost
    3

    Chapter 5:- SPOILAGE, REWORKED UNITS AND SCRAP

     Spoilage, rework and scrap

     Process costing and spoilage

     Job order costing and spoilage

     Reworked units

     Accounting for scrap

    Chapter 6:- COST ALLOCATION

     General purpose of cost allocation

     Cost allocation methods

     The contribution approach to cost allocation


    Chapter 7:- JOINT PRODUCTS AND BY- PRODUCTS

     Joint products, by products and join cost

     Allocation of joint costs

     Accounting for by- products

    Chapter 8:- OPERATION COSTING

     Over view of operation costing

     Just- in time systems

     Back- flush costing


    Final examination

    Assessment Arrangements: :

     Continuous assessment……..60%
     Final exam………………….40%
     Total……………………….100%

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