DOCUMENT:SYLLABUS COURSE: COST ACCOUNTING AND CONTROL COPIES ISSUED TO:

College of Business and Accountancy

DATE OF EFFECTIVITY: 01June 2019 COURSE CODE: BACOSTMX – 1st semester, 2nd year Learning Resource Center
Faculty

VISION CORE VALUES

We are National University, a dynamic private institution committed to nation building, 1. Integrity 2. Compassion 3. Innovation 4. Industry 5. Respect 6. Resilience 7. Patriotism
recognized internationally in teaching and research.
GRADUATE ATTRIBUTES INTENDED FOR
INSTITUTIONAL LEARNING OUTCOMES (ILOs)
MISSION NATIONALIANS (GAINs)
Guided by the core values and characterized by our cultural heritage of Dynamic Filipinism, a. Exhibit the capacity for self-reflection
National University is committed to providing relevant, innovative, and accessible quality 1. Conscientious and Reflective Leader b. Exhibit the willingness to engage in self-appraisal
education and other development programs. c. Apply moral and ethical standards in leading others
We are committed to our: 2. ICT Literate and Competent d. Express ideas effectively
Communicator e. Effectively use various ICT tools to convey ideas
STUDENTS, by molding them into ethical, spiritual and responsible citizens.
3. Socially and Community-engaged Citizen f. Participate actively in community-oriented advocacies that
FACULTY and EMPLOYEES, by enhancing their competencies, cultivating their Imbued with the Spirit of Patriotism contribute to nation building
commitment and providing a just and fulfilling work environment. g. Produce alternative solutions, processes, and approaches
ALUMNI, by instilling in them a sense of pride, commitment, and loyalty to their alma mater. h. Apply problem-solving skills
4. Innovative, Creative, and Critical Thinker
INDUSTRY PARTNERS and EMPLOYERS, by providing them Nationalians who will i. Provide solutions to challenges in respective areas of
contribute to their growth and development. specialization
5. Interculturally Competent Collaborator j. Work effectively in teams of different cultures
COMMUNITY, by contributing to the improvement of life’s conditions.
6. Life- and career-skilled Individual k. Engage in continuing personal and professional development

Program Learning Outcomes (PLO)for Bachelor of Science in Accountancy/Accounting Information

CLO
Systems/Management Accounting
1 2 3 4 5
1. PLO1: Student will be able to demonstrate competencies in the development, measurement, analysis, validation and
communication of financial and other information.
    
2. PLO2: Student will develop oral and written communication skills and critical thinking skills.     
3. PLO3: Student will develop an appreciation for the role of ethics in both the profession and the business world.  
4. PLO4: Student will exposed to the unique aspects of global business and accounting issues.   
5. PLO5: Student will equipped to understand the use technology.     
6. PLO6: Student will exposed to activities that help them work in groups.    

COURSE DESCRIPTION
This course is designed to orient the students to the cost accounting and cost management framework of business. Topics discussed are: overview of cost accounting; manufacturing cost accounting cycle; costing
methods: job and process cost systems; accounting, planning, and control of materials, labor, and overhead; accounting for joint and by-product costs, activity-based costing, and standard costing.

PRE-REQUISITE(S)
BAFACR3X – Intermediate Accounting 3

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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COURSE LEARNING OUTCOMES (CLO)
At the end of the course, the student will be able to: PROGRAM LEARNING OUTCOMES
1 2 3 4 5 6
1. CLO1: Explain the theory, procedures & practice relating to product costs, including job order,     
process, activity-based and standard cost systems.
2. CLO2: Applyto specific problem situations analytical skills used to interpret accounting data used by      
management in planning and controlling business activities.
3. CLO3: Evaluate the performance of the organization and the managers in practical cases/problems.     
4. CLO4: Calculate the cost of the products and services business organization offer in order to make    
the right decisions.
5. CLO5: Prepare reports/schedules such as schedule of production report, variance analysis, etc. that    
may be required by management.

CREDIT
3 Units
TIME ALLOTMENT
4 hours lecture every week
COURSE REQUIREMENTS
Requirement 1: Course Portfolio
CLASS POLICIES
1. Students are required to wear the prescribed uniform inside the school premises from Mondays through Fridays except Wednesdays.Wednesdays, Saturdays and
Sundays are washdays wherein students must wear dresses allowed and/or specifically instructed by the College Dean.
2. Students are required to always wear their school ID and assigned school ID lace inside the school premises.
3. Students must attend at least 80% of the total credit hours of the subject to be considered enrolled
4. Cellular phones and other electronic communication devices are to be switched off or kept in silent mode during the class hours.
5. A student who fails to take any of the two major examinations may apply for a special examination upon establishing to the satisfaction of the College Dean, through
supporting documents an incapacitating physical or mental condition, the death or serious illness of an immediate family member, or other exigencies.
6. Cheating in any form before or during an examination, test or written reports is prohibited.

GRADING SYSTEM

QUIZZES (40%) CLASS STANDING (10%) PERIODIC DEPARTMENTAL EXAMINATIONS (50%)

- Minimum of 3 major quizzes per grading period
1. Recitation - Midterm Departmental Examination
Midterm: Finals: 2. Assignment - Final Departmental Examination
Quiz No. 1 Quiz No. 4 3. Group Discussion
4. Others:
Quiz No. 2 Quiz No. 5 i. Seatwork
Quiz No. 3 Quiz No. 6 ii. Attendance
iii. Board work

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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 MIDTERM GRADE COMPUTATION: TENTATIVE FINAL GRADE COMPUTATION:

Quizzes 40% Quizzes 40%

Class standing: Class standing:
Assignments / Assignments /
Seatwork / Board work 10% Seatwork / Board work 10%
Periodic Examination 50% Periodic examination 50%
Midterm Grade 100% Tentative Final Grade 100%

Midterm Grade = 40%

Tentative Finals Grade = 60%
Final Grade = 100%

COURSE CONTENTS
COURSE
WEEK LEARNING TOPIC LEARNING OUTCOME TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
1 CLO1 The students should be able to: Goal Setting and Proper Planning:
(4 hrs.) CLO2 1. Describe Cost Accounting and explain - University and College Vision, Mission and Core Classroom Syllabus Pre – Test
how it differs with Financial and Values. Discussion
Management Accounting - Classroom policies Class List Assignment
2. Identify the Current factors affecting - Goal setting and course planning. Lecture
cost accounting Seat Plan Recitation
3. Describe how management accountants Cost Accounting Fundamentals & Cost Terms, Concepts Cooperative
function within an organization and Classifications Learning University Manual & Quizzes
4. Understand the importance of ethical 1. Cost Accounting Fundamentals Handbook
behaviour of management accountants a. Introduction Group Discussions Seatwork
5. Understand the Cost terms, concepts b. Cost Accounting: Information for Decision Making Prescribed Textbook
and classifications and their natures c. Accounting and Value Chain
d. Accounting Systems Additional Hand out
e. Comparison of Financial Accounting and
Management Accounting
f. Relationship of Cost Accounting to other Fields of
Study
g. Scope of Modern Cost Accounting
h. Cost Management Framework
i. Organizational Environment
j. Ethical Issues and Guidelines
2. Cost Terms, Concepts and Classifications
a. Introduction
b. Nature of Cost, Cost Pools, Cost Objects and Cost
Drivers
c. Classification of Costs

2 CLO1 The students should be able to: Cost Behavior and Accounting for Cost Flows
(4 hrs.) CLO3 1. Define and describe fixed, variable and Class Discussion Syllabus Assignment
CLO4 mixed costs 1. Cost Behavior: Analysis and Use
CLO5 2. Explain the use of resources and a. Defintion of Cost Behavior Lecture Seat Plan Recitation
activities and their relation to cost b. Importance of Understanding Cost Behavior
behavior c. Types of Cost Behavior Patterns Cooperative Prescribed Textbook Seat Work
3. Explain how several methods of cost d. Cost Estimation Learning

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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 estimation can be used and how these 1) The Analysis of Mixed Costs Test Paper Coordinated Quiz
will be related in the real-life scenarios. 2) Account Analysis Method Group Discussions
4. Separate mixed costs into their fixed 3) Industrial Engineering Method Case Study Case Study
and variable components using the 4) Conference Method Problem Based Analysis
high-low method, the scatterplot 5) The High-Low Method Learning (PBL) Additional Hand out
method, and the method of least 6) Regression Analysis Method
squares. e. Strengths and Weakness of Cost Estimation
5. Evaluate the reliability of the cost Methods
formula f. The Learning Curve Theory
6. Explain how multiple regression can be 2. Accounting for Cost Flows
used to assess cost behaviour a. Introduction
7. Discuss the use of managerial b. Application of Cost Accounting to the Various
judgement in determining cost Business Sectors of the Economy
behaviour. 1) Merchandising –sector Companies
8. Explain the cost assignment process 2) Manufacturing-sector Companies
9. Differentiate the application of cost 3) Service-sector Companies
accounting to the different business c. Production, Marketing and Administrative Costs
sectors of business d. Inventory Accounts
10. Differentiate the cost flows of e. Flow of Costs in a Merchandising Company
merchandising, manufacturing and f. Flow of Costs in a Manufacturing Company
service business g. Cost Accounting Model for a Manufacturing
11. Assess the real-life cases about the Company
cost flows of different h. Flow of Costs in a Service Organization
companies/industries.
3-4 CLO1 The students should be able to: Systems Design: Job-Order Costing
(8 hrs.) CLO3 1. Differentiate the cost accounting Class Discussion Syllabus Assignment
CLO4 systems of service and manufacturing 1. Introduction
CLO5 firms and of unique and standardized 2. Systems-Choice: Job-Order Vs. Process Costing Lecture Seat Plan Recitation
products. 3. Cost Measurement: Actual, Normal or Standard Costing
2. Discuss the interrelationship of cost 4. Comparison of Job-Order Costing against Process Cooperative Prescribed Textbook Seat Work
accumulation, cost measurement, and Costing Learning
cost assignment. 5. Overhead Assignment Under Normal Costing: Volume- Test Paper Coordinated Quiz
3. Identify the source documents used in Based or Activity Based Group Discussions
job-order costing. 6. Job-Order Costing System Case Study Case Study
4. Describe the cost flows associated with a. Concept and Application Problem Based Analysis
job-order costing b. Flows of Costs in Job-Order Costing System in a Learning (PBL) Additional Hand out
5. Explain how spoiled units are Manufacturing Firm
accounted for in a job-order system. c. Flow of Documents in a Job-Order Costing Systems
6. Prepare a Job-order cost sheet. in a Manufacturing Firm
7. Assess the real-life cases about the job 7. Summary of Accounting Procedures using Job-Order
order costing of different Costing in a Manufacturing Company
companies/industries. 8. Application of Job-Order Cost Accounting Procedures
a. Accounting for Materials
b. Accounting for Labor
c. Accounting for Overhead
1) Factory Overhead Application
2) Disposition of Over- or Underapplied Factory
Overhead

5-6 CLO3 The students should be able to: Systems Design: Process Costing System (Part 1); Basic
(8 hrs.) CLO4 1. Describe the basic characteristics of Concepts Class Discussion Syllabus Assignment
CLO5 process costing, including cost flows,
journal entries, and the cost of 1. Concept and Application Lecture Seat Plan Recitation
production report. 2. A Cost-Benefit Comparison of Job-Order Costing and

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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 2. Describe process costing settings Process Costing Cooperative Prescribed Textbook Seat Work
without work-in-process inventories 3. Steps in Process Costing Learning
3. Describe process costing for settings 4. Process Costing Methods (Weighted-Average and FIFO) Test Paper Coordinated Quiz
with ending work-in-process inventories. 5. Illustration of Process Costing Group Discussions
4. Prepare a departmental production Case Study Case Study
report using the FIFO method. Problem Based Analysis
5. Prepare a departmental production Learning (PBL) Additional Hand out
report using the Weighted Average
Method.
6. Prepare a departmental production
report with transferred-in goods and
changes in output measures.
7. Describe the basic features of operation
costing
8. Assess the real-life cases about the
process costing of different
companies/industries.

7 MIDTERM EXAMINATION WEEK

8 CLO3 The students should be able to: Systems Design: Process Costing System (Part 2); Cost
(4 hrs.) CLO4 1. Described the difference between Allocation Class Discussion Syllabus Assignment
CLO5 support and producing departments
2. Calculate charging rates, and 1. Cost Allocation Lecture Seat Plan Recitation
distinguish between single and dual 2. Accounting for Joint Products Costs and By-Products
charging rates. 3. Methods for Allocating Joint Costs to Joint Products Cooperative Prescribed Textbook Seat Work
3. Allocate support center costs to 4. Accounting for By-Products Learning
producing departments using the direct Test Paper Coordinated Quiz
method, the sequential method and the Group Discussions
reciprocal method. Case Study Case Study
4. Calculate departmental overhead rates. Problem Based Analysis
5. Prepare a departmental production Learning (PBL) Additional Hand out
report applying the concepts of cost
allocation.
6. Assess the real-life cases about the
cost allocation of different
companies/industries.

9 CLO3 The students should be able to: Operation Costing, Just-in-Time System and Backflush
(4 hrs.) CLO4 1. Describe the just-in-case inventory Costing Class Discussion Syllabus Assignment
CLO5 management model.
2. Discuss just-in-time (JIT) inventory 1. Introduction Lecture Seat Plan Recitation
management. 2. Hybrid Costing System
3. Assess the real-life cases about the 3. Operation Costing Cooperative Prescribed Textbook Seat Work
just-in-time (JIT) Costing Systems of 4. Just-in-Time System and Backflush Costing Learning
different companies/industries. 5. Financial Benefits of JIT Test Paper Coordinated Quiz
6. Major Features of JIT Production System Group Discussions
Case Study Case Study
Problem Based Analysis
Learning (PBL) Additional Hand out

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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 10-11 CLO3 The students should be able to: Activity-Based Costing and Management
(8 hrs.) CLO4 1. Describe the basics of plantwide and Class Discussion Syllabus Assignment
CLO5 departmental overhead costing. 1. Activity-Based Costing
2. Explain why plantwide and 2. Advantages and Limitations of ABC System Lecture Seat Plan Recitation
departmental overhead costing may not 3. Design of an Activity-Based Costing System
be accurate. 4. Steps in Designing an ABC System Cooperative Prescribed Textbook Seat Work
3. Provide a detailed described descrition a. Process Value Analysis Learning
of activity-based product costing. b. Identifying the Activity Centers Test Paper Coordinated Quiz
4. Explain how ABC can be simplified. c. Assigning Costs to Activity Centers Problem Based
5. Explain how activity-based costing is d. Selecting Costs Drivers Learning (PBL) Case Study Group
applied to a job-order systems 5. Application of Activity-Based Costing (Manufacturing and Discussions
6. Apply the concepts of ABC to different Merchandising) Additional Hand out
real-life scenarios presented. 6. Activity-Based Management Case Study
7. Assess the real-life cases about the a. Categories of ABM Application (Operational and Analysis
activity-based costing of different Strategic ABM)
companies/industries. 7. Opportunity Costing Concepts

12-13 CLO1 The students should be able to: Standard Costs and Operating Performance Measures
(8 hrs.) CLO3 1. Describe how unit input standards are Class Discussion Syllabus Assignment
CLO4 developed, and explain why standard 1. Rationale of Standards Costs
CLO5 costing system are adopted. 2. Uses of Standard Costs Lecture Seat Plan Recitation
2. Explain the purpose of a standard cost 3. Benefits of Standard Costs
sheet. 4. Limitations of Standard Cost Cooperative Prescribed Textbook Seat Work
3. Compute and journalize the direct 5. How Standards are Set Learning
materials and direct labor variances, 6. Setting Direct Material Standards Test Paper Coordinated Quiz
and explain how they are used for 7. Setting Labor Standards Group Discussions
control. 8. Setting Overhead Standards Case Study Case Study
4. Compute overhead variances three 9. Standard Cost Flows Problem Based Analysis
different ways, and explain overhead 10. Treatment of Variances Learning (PBL) Additional Hand out
accounting 11. Operating Performance Evaluation
5. Calculate mix and yield variances for 12. Factory Overhead Variance Analysis
direct materials and direct labor.
6. Assess the real-life cases about the
standard costing of different
companies/industries.

14 FINAL EXAMINATION WEEK

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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Case Study Grading Rubric
Undergraduate Percentage Scale: 0.00 – 59.49% 59.50 – 77.49% 77.50 – 89.49% 89.50 - 100%
Undergraduate Scaled Score: 0.0/R 1.00 – 2.00 2.50 - 3.00 3.50 - 4.00
% Below Standard Approaching Standard At Standard Exceeds Standard
Clear explanation of key strategic issues 20% Shows little understanding Shows some understanding Shows adequate knowledge Shows superior knowledge
• The problems, scope, and seriousness was clearly identified in the of the issues, key problems, of the issues, key problems, of the issues, key problems, of the issues, key problems,
discussions. and the company’s present and the company’s present and the company’s present and the company’s present
• There was a well focused diagnosis of strategic issues and key problems situation and strategic situation and strategic situation and strategic situation and strategic
that demonstrated a good grasp of the company’s present situation and issues. issues. issues. issues.
strategic issues. Executive summary Executive summary Executive summary Effective Executive
• Effective Executive Summary missing or poorly inadequate adequate Summary
• Did not waste space summarizing information already found in the case. constructed

Valid arguments; analysis of financial performance with relevant 20% Critical issues and key Critical issues and key Critical issues and key Critical issues and key
supportive detail problems that supported problems that supported problems that supported problems that supported
 Logically organized, key points, key arguments, and important criteria for the Case Analysis were the Case Analysis were not the Case Analysis were the Case Analysis were
evaluating business strategies were easily identified poorly identified, analyzed, clearly identified, analyzed, partially identified, clearly identified, analyzed,
 Critical issues and key problems that supported the Case Analysis were and supported. and supported. analyzed, and supported. and supported.
identified and clearly analyzed and supported.
Appropriate analysis, evaluation, synthesis for the specific industry 20% Analysis of key change Analysis of key change Analysis of key change Analysis of key change
identified drivers and the underlying drivers and the underlying drivers and the underlying drivers and the underlying
 There was complete data on which to base a thorough analysis the issues inadequate. the issues were not the issues were partially the issues were clearly
 Key change drivers underlying the issues were identified. identified. identified identified
 Synthesis, analysis, and evaluations were clearly presented and
supported in a literate and effective manner.
Conclusions and recommendations are congruent with strategic analysis 20% Effective recommendations Effective recommendations Effective recommendations Effective recommendations,
 Specific recommendations and/or plans of action provided. and/or plans of action not and/or plans of action and/or plans of action were solutions, and/or plans of
 Specific data or facts were referred to when necessary to support the provided. inadequate. partially provided. action were provided.
analysis and conclusions. Specific data or facts Specific data or facts were Specific data or facts were Specific data or facts were
 Recommendations and conclusions were presented and supported in a necessary to support the not referred when occasionally referred when referred when necessary to
literate and effective manner. analysis and conclusions necessary to support the necessary to support the support the analysis and
was not provided. analysis and conclusions. analysis and conclusions. conclusions.

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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Proper organization, professional writing, and logical flow of analysis. APA 20% Key points were poorly Key points were not Key points were partially Key points were clearly
formatting identified and supported identified and supported identified and supported identified and supported
 Logically organized, key points, key arguments, and important criteria for with a well thought out with a well thought out with a well thought out with a well thought out
evaluating the business logic easily identified. rationale based on applying rationale based on applying rationale based on applying rationale based on applying
 Key points were supported with a well thought out rationale based on specific concepts or specific concepts or specific concepts or specific concepts or
applying specific concepts or analytical frameworks to the data provided analytical frameworks to analytical frameworks to analytical frameworks to analytical frameworks to
in the case. the data provided in the the data provided in the the data provided in the the data provided in the
 Proper grammar, spelling, punctuation, 3rd person objective view, case. case. case. case.
professional writing, and syntax. Grammar, spelling, Grammar, spelling, Adequate grammar, Excellent grammar, spelling,
punctuation, professional punctuation, professional spelling, punctuation, punctuation, professional
writing, and syntax needs writing, and syntax needs professional writing, and writing, and syntax
significant improvement improvement syntax

TEXTBOOK
Cabrera, Ma. Elenita (2018), Cost accounting and control. GIC Enterprises & Co. Inc.: Manila, Philippines.

SUGGESTED READINGS AND REFERENCES

Hansen, Don R. and Mowen, Maryanne M. (2018), Cost Accounting and Control. Cengage Learning: Boston, USA.
Horgren, Charles T. (2015). Cost accounting: a managerial emphasis. Pearson: Boston.
De Leon, Norma, Guillermo and Ellery, 2016, Cost Accounting. Great Books Trading Manila
Flores / Integrated cost accounting (principles and application (2016)
Lanen, William N. (2017). Fundamentals of cost accounting. McGraw-Hill: New York.
Guerrero, Pedro P. (2018). Cost accounting: principles and procedural application. GIC Enterprises & Co. Inc.: Manila, Philippines.

PREPARED BY: REVIEWED BY: NOTED BY: APPROVED BY:

JANUS ARIES Q. SIMBILLO, CPA, MBA TESSIE C. CUA, CPA, MBA JEOJILYN NABOR, MLIS, RL MA. TERESA V. GONZALES, CPA, CAT, PhD
Faculty, College of Business and Accountancy Chair, Accountancy – CBA LRC Senior Director Dean, CBA

COURSE CODE/NAME: BACOSTMX COST ACCOUNTING AND CONTROLJune 2019 Prepared by: Janus Aries Q. Simbillo ([email protected])
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