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MAE Course Policy

The course aims to provide students with an understanding of cost and management accounting principles and their application in business decision making. Students will learn to measure and analyze costs, prepare budgets, and apply techniques like activity-based costing. Assessment includes assignments, presentations, tests, and a term-end examination, with an emphasis on developing skills in cost analysis and managerial decision making.

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0% found this document useful (0 votes)
88 views12 pages

MAE Course Policy

The course aims to provide students with an understanding of cost and management accounting principles and their application in business decision making. Students will learn to measure and analyze costs, prepare budgets, and apply techniques like activity-based costing. Assessment includes assignments, presentations, tests, and a term-end examination, with an emphasis on developing skills in cost analysis and managerial decision making.

Uploaded by

saloni
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Course Policy Management Accounting for Engineers

Mukesh Patel School of Technology Management and


Engineering, Shirpur Campus.

Course Policy

Program/Branch/Semester :
B Tech. (All) : Sem. – III/V
MBA Tech.(All) : Sem. – III/VI

Academic Year : 2021-22

Course Code & Name : MBAB06107


Management Accounting for Engineers

Credit Details : L T P C
2 0 0 2

Course Coordinator : Dr. Ashok Kumar Panigrahi


Faculty

8888810975, 7058510975
Contact No. & Email :
[email protected]
Office : Academic Block, First Floor, “C” Wing, NMIMS
University, Shirpur.
Contact hours : 3.00 – 4.00 PM

Queries by Emails are encouraged.


Course link : Portal Link:
MS Teams Link:

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Course Policy Management Accounting for Engineers

1 Introduction to the Course

1.1 Importance of the course

The subject ‘Management Accounting for Engineers’ consists of two branches of accounting
i.e. Cost Accounting and Management Accounting, which are very important and useful for
optimum utilization of existing resources. These are branches of accounting and had been
developed due to limitations of financial accounting. It is an indispensable discipline for
corporate management, as the information collected and presented to management based on
cost and management accounting techniques helps management to solve not only specific
problems but also guides them in decision making. Keeping in view the importance of this
subject, various topics on Cost and Management Accounting have been prescribed in the
syllabus of MBA Tech and B Tech Programs to acquaint the students with the basic concepts
used in cost accounting and management accounting having a bearing on managerial
decision-making.
1.2 Objectives of the Course

 To provide a conceptual understanding of Cost and Management Accounting principles and


practices relevant for business analysis and decision making.

 To develop the ability to understand, analyze and use cost information in the day-to-day
business functioning.

 To provide an understanding of the measurement of cost and trace the costs to products and
customers.

 To explain the role of relevant costs in decision-making and develop better strategies.

 To discuss contemporary issues in Cost and Management Accounting and their practical
applications.

1.3 Pre-requisite
Nil

2 Course Outcomes (CO) and mapping with Program Outcomes (PO)

2.1 Course Outcomes

After successful completion of the course, a student will be able to-

1. Apply concepts of accounting


2. Apply techniques for analysis
3. Use budgetary control techniques for managerial decision making
4. Apply Activity Based Costing to generate reliable and accurate product cost data

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Course Policy Management Accounting for Engineers

2.2 CO-PO Mapping

PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10 PO11 PO12
CO1
CO2
CO3
CO4
Green- medium mapping Blue- high mapping
3 Syllabus, Pre-class activity and References
3.1 Teaching and evaluation scheme

Teaching Scheme Evaluation Scheme


Internal Continuous
Lecture
Practical Tutorial Assessment (ICA) Theory
Hours
Hours Hours Credit As per Institute Norms (2 Hrs,
per
per week per week (50 Marks) 100 Marks)
week
Marks Scaled to 50 Marks Scaled to
2 0 0 2
50

3.2 Syllabus

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Course Policy Management Accounting for Engineers

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Course Policy Management Accounting for Engineers

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Course Policy Management Accounting for Engineers

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Course Policy Management Accounting for Engineers

3.2 Pre-class activity

Outline for a preliminary study to be done for each unit will be provided before the
commencement of each unit. Preliminary study material (video links, presentation, notes, etc)
will be made available on the student portal. Students are expected to go through this material
before attending the upcoming session. It is expected that the students put in at least two hours
of self-study for every one hour of classroom teaching. During the lecture session, more
emphasis willbe given on in-depth topics, practical applications, and doubt solving.

3.3 References

Note: The latest edition of books should be referred.

4 Laboratory details

No Lab Activity for this course

5 Tutorial Plan

No Tutorial for this course

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Course Policy Management Accounting for Engineers

6 Assessment Policy

6.1 Component wise Continuous Evaluation Internal Continuous Assessment (ICA) and
Term End Examination (TEE)

Assessment ICA (100 Marks) TEE (100


Component (Marks scaled to 50) marks)
(Marks
scaled to 50)
Assignment Present (Research Paper/Case Class
ation Study/ Article) Test1 and
(Group activity) Class
Test 2
Weightage 10% 10% 10% 20% 50%
Marks 20 20 20 20+20 100

6.2 Assessment Policy for Internal Continuous Assessment (ICA)

Assessment of ICA comprises of the following components.

1. Class test 1 and 2 (20+20 = 40 Marks)


a. Two class tests will be conducted as per the academic calendar.
b. These tests will be conducted online/ offline for 20 marks each, which will be scaled
down to 10 marks.

2. Preparation/ Participation in Research/Review Paper (20 marks)


a. Faculty will make a group of 2-3 students
b. Students are required to come up with a suitable topic/area of their interest, which is
related to the subject.
c. Get the topic approved.
d. Review the available literature on the area of research and write the paper.

The faculty will ask some questions to every group about the research/review
paper they have written and submitted.

3. Assignment (20 Marks) - Assignments will be given to students and each student is
required to submit the assignment before the due date.

4. Presentations (20 Marks) – Students are required to prepare and submit a


presentation on the topics given by the faculty individually.
*Only a sample of the ICA components is given above. Faculty can write the details of their own ICA components. For
example, first-year students may be given only a group-based presentation instead of implementation.

6.3 Assessment Policy for Term End Examination (TEE)

A written examination of 100 marks for 2 Hours duration will be conducted for the course as
per the academic calendar.
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Course Policy Management Accounting for Engineers

7. Lesson Plan

Unit Mapped Session


Week No. No. CO No. Topics to be Covered
1
1
1 1 1
Introduction to Financial Accounting, Accounting
System, Limitations of Financial Accounting, Users of
2 Accounting Information
1
3
2 2
1
Generally Accepted Accounting Practices (GAAP),
4 Accounting Concepts, Accounting Conventions.
1
5
3 3 Cost Accounting – Meaning And Definition –
1
Importance – Cost Concept – Differences Between
6 Financial Accounting and Cost Accounting.
1
7
4 4 Cost Classification
1
8
1
9
5 5 Job Costing and Preparation of Cost Sheet
1
10
1
11
6 6 Preparation of Cost Sheet
1
12
2
13 Cost-Volume Profit Analysis, Marginal Costing, Break
7 7
2 Even Point, Contribution Margin
14
2
15
8 8
2
16 Applying Cost-Volume-Profit Analysis
2
17
9 9
2 Decision Making -Alternative Choices, Limiting Factor,
18 Add or Drop Products
2
19
10 10
2 Decision Making - Make or Buy, Shut Down Decision,
20 Special Orders

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Course Policy Management Accounting for Engineers

2
21
11 11
2 Variance Analysis – Material Variances – Cost, Price
22 and Usage.
2

12 12 23
2
24 Labour Variances – Cost, Rate and Efficiency.
3
25
13 13
3
26 Budgetary Control – Cash Budget and Flexible Budget
2
27
14 14
2
28
Inventory Management – EOQ and Inventory Levels
4
29
15 15
Activity Based Costing – Meaning and Application in
4
30
Decision Making

7 Teaching-learning methodology
Faculty will make a group of 2-3 students for any group-based activity such as class
participation, project, presentation, etc. Lecture sessions will be conducted as follows-
o Outline for a preliminary study to be done for each unit will be provided
beforethecommencement of each unit.
o Deeper concepts and applications will be explained through Presentation and
Video Lectures.
o Numerical problems based on t h e concept will be solved during the session on
the smart board.

10. Active learning techniques


Active learning is a method of learning in which students are actively or experientially
involved in the learning process. Following active learning techniques will be adopted
for the course.
1. Muddiest topic: Faculty will find out the least understood point/topic in the session. This
topic is then further explained to ensure that it is understood well.
2. The "One Minute Paper": The faculty will ask students to take out a blank sheet of paper,
pose a question (either specific or open-ended), and give them one (or perhaps two - but
not many) minute(s) to respond.
3. Wait Time: Rather than choosing the student who will answer the question presented, this
variation has the faculty WAITING before calling on someone to answer it.
4. Blended Learning: Students will be introduced to the topic at home while the in-depth
topics, applications, and numerical problems will be discussed by the faculty in the
lecture session. Outline for a preliminary study to be done for each unit will be provided
before the commencement of each unit. Preliminary study material (video links,
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Course Policy Management Accounting for Engineers

presentation, notes, etc) will be made available on the student portal.


5. Frame a question: Students will be asked to design and frame their questions about the
topic being taught. The idea is to stimulate students’ curiosity, engage the students in
collaborative teaching and learning, and motivate students to develop a deeper
understating of the topic.

6. Brainstorming: Students will be asked to generate ideas on a certain topic, category, or


question while the faculty will facilitate and record the answers on the
blackboard/whiteboard.

11. Course Material


Following course material is uploaded on the student portal: (give student portal link)
 Course Policy
 Lecture Notes
 Lecture Videos
 Lecture Presentations
 Books / Reference Books / NPTEL video lectures link
 Assignments
 Lab Manuals, Test images database link
 List of Program Outcomes

12. Course Outcome Attainment

The following means will be used to assess the attainment of course learning outcomes.
 Use of formal evaluation components of continuous evaluation, presentations,
assignments, semester-end examination.
 Informal feedback during course conduction

13. Academic Integrity Statement

Students are expected to carry out assigned work under Internal Continuous
Assessment (ICA) independently. Copying in any form is not acceptable and will invite
strict disciplinary action. Evaluation of the corresponding component will be affected
proportionately in such cases. Plagiarism detection software will be used to check
plagiarism wherever applicable. Academic integrity is expected from students in all
components of course assessment.

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