Department of Management Studies

Jagannath University
Course Outline
Course Title: Cost and Management Accounting
Course Code: MGT 3202; Credit Hour: 3

Course Objectives: This course aims to give an understanding of how management accountants provide information to
facilitate decision-making in an organization. Upon completing this course, students should be able to determine product
costs, formulate budgets and standards for planning and control, understand the role of responsibility accounting and
performance measurement, and explain contemporary thinking in management accounting.

Learning Outcomes: At the end of the course, the student will be able to
1. Describe the three fundamental purposes of cost and management accounting. As part of this learning, students will
be able to appreciate the use of different costs for different purposes.;
2. Explain traditional and contemporary approaches to cost allocation;
3. Identify relevant information for decision-making purposes to produce financial analyses for a range of decisions
such as pricing, outsourcing, and special orders; and
4. Use standard costs to prepare budgets for planning and control purposes.

Marks Distribution: 100 Marks [Continuous Assessment: 40 + Semester Final Examination: 60]
Continuous Assessment: Mid-Semester examination (minimum 2 – 2x10) 20 marks
Assignment 1* (Due before semester final examination) 04 marks
Quiz 1 (before the 2nd Mid-term exam.) 06 marks
Quiz 2 (before the semester final exam.) 06 marks
Class Performance (Attendance + Participation) 04 marks
Semester Final Examination (answer 4 out of 6 questions, each having weight 15 – 4x15) 60 marks
* Summary Sheets: Summary of every lecture within 2 A4 papers and should be submitted in Google Classroom before the
semester final examination.

Text Books
Ray H. Garrison, Eric W. Noreen and Peter C. Brewer, Managerial Accounting (15/e), McGraw Hill (or latest)

Classroom Etiquette
1. Make your nameplate (Including name and ID) and bring it to every class.
2. Respect everyone, be a good listener, and ask logical questions.

Class Attendance and Grading Rules: As per academic rules of Jagannath University.

Course Supervisor Md. Shawfiqul Islam, Assistant Professor, Dept. of Management Studies, Jagannath University
BBA (Management Studies) and MBA (Human Resource Management) JnU, Bangladesh
MDP (International Development, Public Administration and Leadership) KDIS, South Korea.
Office Room 207, Dept. of Management Studies, New Academic Building (1 st Floor)
Contact info. Cell. 01913079059, Email Id. [email protected], Profile: https://profile.jnu.ac.bd/10676
 Department of Management Studies
Jagannath University
Course Content
Lec. Contents Assessment
1. Introduction: Introduction: Definition of Cost Accounting, Difference from Financial Accounting Class
& Cost Accounting, Methods of Costing System- Definition of Management Accounting, Functions participation
and Principles of Management Accounting.
2. Managerial Accounting and the Business Environment: The Work of Management and the need Quiz 1
for Managerial Accounting Information-Comparison of Management Accounting and Cost and
Financial accounting-Organization Structure-The Changing Business Environment-Code of
Conduct for Management Accountants.
3. Cost Terms, Concepts and Classifications: General Cost Classifications-Product Costs Vs. Mid-term 1
Period Costs-Cost Classifications on Financial Statements-Product Cost Flows-Cost
Classifications for Predicting Cost Behavior- Cost Classifications for Assessing Costs to Cost
Objects-Cost Classifications for Decision Making.
4. Cost-Volume-Profit Relationships: The Basics of Cost-Volume-Profit (CPV) Analysis, Break-Even Mid-term 1
Analysis, Computations of Break-even Points, CPV Considerations in Choosing a Cost Structure,
The Concept of Sales Mix, Assumptions and Uses of Cost-Volume-Profit Analysis.
5. Activity-Based Costing: A Tool to Aid Decision Making: How Costs are Treated under Activity- Mid-term 2
Based Costing, Designing an Activity-Based Costing (ABC) System, The Mechanics of Activity-
Based Costing, Comparison of Traditional and ABC Product Costs, Targeting Process
Improvements, Activity-Based Costing and External Reports, The Limitations of Activity-Based
Costing.
6. Profit Planning: The Basic Framework of Budgeting- Preparing the Master Budget, Flexible & Cash Quiz 2
Budget- Budgeted Income Statement and Balance Sheet.
7. Standard Costs and the Balanced Scorecard: Standard Costs-Management by Exception- Quiz 2
Setting Standard Costs-A General Model for Variance Analysis- Using Standard Costs: Direct
Materials Variances, Direct Labor Variances, Variable Manufacturing Overhead Variances-
Balanced Scorecard.
8. Relevant Costs for Decision Making: Cost Concepts for Decision Making-Adding and Dropping Quiz 2
Product Lines and Other Segments-Make or Buy Decision-Opportunity Cost-Special Orders Mid-term 2
Utilization of a Constrained Resource- Joint Product Costs and the Contribution Approach- (Assignment 1
Activity-Based Costing Vs. Relevant Costs. due)
Note: The course content is subject to change.