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Course Overview

  • Course Title: Management Accounting (AC2097) 2024

  • Lecturer: Balwant Singh

  • Lecture Notes: Total of 422 pages divided into batches

    • Batch 1: Lectures 1 to 5 (Introduction included)

    • Batch 2: Lectures 6 to 11

    • Batch 3: Lectures 12 to 15

    • Batch 4: Lectures 16 to 21

  • Homework Questions: Solutions will be provided.

Course Aims and Objectives

  • Knowledge & Skills: Students will learn to design management accounting reports to aid in decision making, planning, performance measurement, and control in a business context.

  • Evolution of Management Accounting: Transition from purely recording and measuring costs to supporting strategic decisions with both financial and non-financial information.

Learning Outcomes

Upon completion of the course, students should be able to:

  • Discuss the changing role of management accounting.

  • Critically evaluate uses of management accounting for strategic decision making.

  • Apply various cost and revenue analysis techniques.

  • Design budgets and understand their purposes in planning and control.

  • Analyze variances and their implications for feedback and control.

  • Identify investment appraisal methods.

  • Discuss performance measurement and control in different organizations.

  • Relate management accounting practices to evolving data availability through technology.

Essential Readings

  • Textbook: Bhimani, A. et al. Management and Cost Accounting, 7th edition, Pearson Education.

Examination Format

  • Format: 3 hours and 15 minutes long

  • Sections:

    • Section A: 3 compulsory questions (15 marks each)

    • Section B: 3 compulsory questions (10 marks each)

    • Section C:

      • Part a: Terminology (10 marks)

      • Part b: Essay on 1 of 2 topics (15 marks)

  • Assessments: Includes 1 term test and 1 assignment (compulsory, provide detailed testing of knowledge).

Learning Approach

  • Additional Content: Lecture notes contain exam tips and explanations of concepts; critical to review text boxes for important information.

  • Preparation: Students are encouraged to bring lecture notes, a calculator, and a highlighter to class. Writing answers directly in the notes is required to enhance retention.

Lecture Topics Overview

Batch 1 Topics

  1. Introduction to Management Accounting: Chapters 1 and 2

  2. Overhead Costing: Traditional absorption costing

  3. Activity Based Costing (ABC) - Part 1: Introduction and concepts

  4. Activity Based Costing (ABC) - Part 2: Advanced applications and examples

  5. Costing Methods: Job costing vs. process costing.

Key Points for Mastery

  • Understand key terms and concepts related to costing and performance measurement.

  • Practice calculating overhead absorption rates, variances, and constructing budgets.

  • Familiarize yourself with solutions to provided homework questions to strengthen comprehension.

Exam Preparation Recommendations

  • Pay close attention to lecture illustrations and examples; these are critical for understanding applications of concepts.

  • Review homework questions actively, as they are designed to reflect the exam's nature.

  • Be proactive in asking questions during lectures for clarity on difficult topics.

Contact Information

  • Email: Singh007@mymail.sim.edu.sg

  • Lecturer Profile: Extensive experience in accounting and teaching, alongside practical industry experience.