AURO UNIVERSITY

(INDIA)
The School of Management & Entrepreneurship
Bachelors of Business Administration

Module
MANAGERIAL ACCOUNTING
SEMESTER-IV

Module Leader
Mrs. Meghna Dangi

www.aurouniversity.edu.in

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Table of Contents
Introduction ................................................................................................................................ 3

Module Syllabus: Managerial Accounting ................................................................................ 4

Module Objectives: .................................................................................................................... 4
Learning outcomes: .................................................................................................................... 4
Transferable Skills ..................................................................................................................... 5
Course Prerequisites: ................................................................................................................. 5
Student Experience: ................................................................................................................... 5
Contact Time:............................................................................................................................. 5
Module Leader: .......................................................................................................................... 5

Semester Plan Synopsis ............................................................................................................. 6

Recommended Reading List ...................................................................................................... 7
Assessment ................................................................................................................................. 8
Synopsis of the Assessment Structure: .................................................................................... 13

Detailed Weekly Plan .............................................................................................................. 14

A note on equal opportunities and diversity ............................................................................ 28

Regulations .............................................................................................................................. 28

Student Assessment of Module ................................................................................................ 30

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Introduction
Welcome to the Module of Managerial Accounting. I hope you will enjoy this course as I
help you understand how to accumulate, classify, summarize and report financial information
that helps the users of this information within the organization in their decision making,
planning, control and performance measurement activities.
The objective of this module is to explore key elements and concepts of the academic discipline
of Managerial Accounting. This body of knowledge focuses on how to use as distinct from
how to prepare the accounts of business firms; which students have already learnt in the
previous semester. It integrates financial and non-financial data to help in the all-round
improvement of the organization and achievement of its strategic goals.
The objectives of this module are:

To acquaint the students with the fundamental tools of Managerial Accounting

To promote their understanding of how dynamic and significant this area of work is in a
fast changing business environment
To be an important member of the management team as a creator of value within the
organization
In order to achieve these goals, and of course to pass this course at Auro University, you are
expected to follow these guidelines:
Obtain knowledge about Managerial Accounting firstly through reading the
compulsory core text.
Attend a series of weekly lectures/ seminars, workshops as part of your assessment,
where you will be asked to apply your knowledge and analyze case studies.
Read the Financial Dailies and magazines on a regular basis like Economic Times,
Business Standard, The Hindustan Times, and The Times of India
Devote enough time other than class hours to solve on your own problems and
exercises as recommended by the Module Leader.
Adhere to attendance rules and regulations and pass the various components of
internal assessments which will be conducted from time to time. None of the
assessments will be conducted on any other date or any other reason except those
mentioned in this module handbook.
I assure you that Managerial accounting as a field of study is one of the most interesting,
practically relevant and significant areas of management of profit oriented and non profit
oriented organizations. The world of business is changing dramatically. As a result, the role of
managerial accounting is very different than what it was a decade ago. Today managers work as
internal business consultants side-by-side in cross functional teams with people from all areas of
the organization. Management Accounting identifies, collects, measures, classifies and reports
information that is useful to managers in planning, controlling and decision making. For a
thorough understanding of Managerial accounting, students should not only be able to produce
accounting information, but also understand how managers are likely to use and react to that
information.
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Module Syllabus: Managerial Accounting

Module Objectives:
The primary objective of the course is to acquaint the students with the fundamental tools of
Managerial Accounting and appreciate the dramatic way in which the field is changing. The
course also apprises the student of how the task of the managerial accountant is closely
associated with the planning and control aspects of the enterprise and reveals that the
managerial accountant is an important member of the management team. It emphasises on
using the accounting information to help manage an organization. This course focuses on
communication and decision making within an organization (as opposed to financial
accounting, which focuses on accounting information for decision-makers external to the
firm).
The specific objectives of this course are to

To introduce the fundamental Cost management concepts for large scale organizations
like Product costing and Process Costing
To introduce the fundamental tools of management accounting like identification and
estimation of costs and benefits, CVP Analysis, Budgeting and Standard Costing so
giving a foundation for a dynamic career in the industry.
To foresee the costs and benefits of every business decision in the organizational
setup with the help of Flexible budgeting and Responsibility Accounting
To change the focus from a technical-accounting perspective to a business oriented
integrated perspective.

Learning outcomes:
Knowledge and Understanding
By the end of this module, students should be able to demonstrate expert knowledge of

Basic Cost Management Concepts

Product Costing and Process Costing
Activity Based Costing
CVP Analysis
Budgeting
Standard Costing
Responsibility Accounting
Absorption and Variable and Costing

Disciplinary and Professional

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Appreciate the changing role of Managerial Accounting in present business

scenario
Access and effectively use a wide range of sources
Critique relevant generic models
Effectively use Accounting information in organizational Decision making

Transferable Skills

This module provides opportunities for students to develop skills of:

PRACTISED

TAUGHT

ASSESSED

A. Self Management
i. Manage tasks and time.

B. Learning Skills
i. Use library skills.

ii. Develop independence in learning.

iii. Use a range of academic skills

(analysis, research, synthesis,

evaluation of evidence).
C. Communication
i. Give clear and effective written
presentation of evidence and argument.

i. Identify key issues for investigation.

ii. Construct theoretical frameworks

D. Problem Solving

for analysis of key issues.

iii. Select optimal strategies/solutions.
E. Information Technology
i. Use IT as a resource for information.

Course Prerequisites:
The course does not assume a prior knowledge or understanding of the Managerial
Accounting discipline but assumes that the students have a working knowledge of Financial
Accounting.
Student Experience:

Students on this module will experience a range of learning opportunities. These will include
lectures, seminar work, workshops, and they will be able to demonstrate their engagement
with the module through participation in the presentation and discussion sessions.
Contact Time:

Lecture time:
Seminar time:
Workshop Time:

48.0
16.0
16.0

Module Leader:
Mrs. Meghna Dangi , (email: meghna@aurouniversity.edu.in)
Please feel free to come to my office whenever you have doubts relating to the course.
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Semester Plan Synopsis

Week

Topic of the lecture

Seminar Activity

Basic Cost Management Concepts

Explanation of Student Expectations and

Assessment Components

II

Product Costing

CompTechInc. Ch.2, Pg.77

III

Process Costing

CompuFurn Inc., Ch.3, Pg.127

IV

Activity based Costing

Home Garden Co. Ch.4 Pg.165

Activity based Management

Gigabyte Inc., Ch5 Pg.215

VI

Cost Behavior and Cost

Estimation

Problem 7-35, Ch.7, Pg.284

VII

Cost-volume-profit Analysis

Delaware Medical Center, Ch.8, Pg.346

VIII

Doubt clearing Session

Internal Test Weightage 20%

IX

Profit Planning and Budgeting

Frame-it Company, Ch-9, Pg.404

Standard Costing

European Styles Inc., Ch.10 Pg.459

XI

Flexible budgeting

Conundrum Corp. Ch 11, Pg.501

XII

Presentation of Company Report

XIII

Responsibility Accounting

Cathys Classic, Ch.12, Pg. 541

XIV

Decision Making: Relevant Costs

and Benefits

Sportway Corporation, Ch. 14, Pg.638

XV

Target Costing

Gargantuan Industries, Ch.15, Pg.681

XVI

Revision

Doubt clearing Session

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Recommended Reading List:

The preferred text book of the course is:
1. Managerial Accounting by Ronald Hilton, G. Ramesh and M. Jayadev Seventh
Edition, McGraw Hill.
Alternative Texts:
1. Khan, M Y and Jain, P K, Management Accounting Text, problems and Cases
TMH
2. Shah, Paresh, Management Accounting Oxford Higher Education
3. Balakrishnan, Ramji, Sivaramakrishnan K, Sprinkle Geoffrey (2010), Managerial
Accounting Wiley-India
4. Maheshwari S N, Advanced Cost Accounting TMH
5. Chatterjee B K, Cost and Mnagement Accounting for Managers JAICO Publishing
House
6. Horngren C T, Introduction to Management Accounting PHI
7. Atkinson, Kaplan & el., Management Accounting, Pearson Education

You should also keep up to date with business-related current affairs. You are strongly
recommended to check out the business and economics sections of newspapers [Economic
Times, Business Standard, The Hindustan Times, The Times of India] You should also
take a regular look at Journals like The Chartered Accountant (Published by The Institute
of Chartered Accountants of India) and The Management Accountant (Published by The
Institute of Cost Accountants of India).

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Assessment:

Assessments for this course will consist of Formative (50% weightage) as well as Summative
(50% weightage) Components. The formative component will be conducted from time to
time on an internal basis whereas the Summative assessment will be conducted through an
End term Examination.
Students are instructed to work very diligently for these assessments as good performance
will not only help them in scoring good marks but also help them in thorough in-depth
understanding of the subject.
Students are also instructed to make submissions in time. Late submissions will not be
accepted under any circumstances. Students will not be allowed to take a repeat of any
assessment under any circumstances. Module leader reserves the right for allowing any
student to submit an assignment in lieu of any assessment component in extreme medical
reasons duly verified by the Program office.
Formative Assessments:
This will consist of three components:
I.

Weekly Presentations:
This is a Group Assignment. The class will be divided into twelve groups as
notified by the Program Office at the beginning of the semester. Each group,
starting from Week II through Week XV (except Week VIII and XII) will make a
series of presentations on Case studies assigned by the Module leader in the
Module Handbook. Students will make these presentations during the seminar
hour. These case studies will be based on chapters covered in the previous session
by the Module Leader. The group is expected to start the presentation by
summarising the chapter and highlight the key concepts and then apply the same
to the case study assigned to them. The group should also submit a written
solution to the case to the Module leader before the presentation which should
last for 30 minutes with due participation from all group members followed by a
Question answer round of 10 minutes. Each group will make the presentations in
the entire semester as clearly explained in the grid below. This component will
have a weightage of 10%.
The purpose of this assessment is to help students learn to work as a team as well
as be able to revise and apply concepts and models learnt in the class.

Following will be schedule of the presentation:

Week

Group

II

Group I

III

Group II

IV

Group III

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Chapter Summary

Case study

Product Costing

CompTechInc. Ch.2, Pg.77

Process Costing

CompuFurn Inc., Ch.3,

Pg.127

Activity based Costing

Home Garden Co. Ch.4

Pg.165
V

Group IV

Activity based Management

Gigabyte Inc., Ch5 Pg.215

VI

Group V

Cost Behavior and Cost Estimation

Problem 7-35, Ch.7, Pg.284

VII

Group VI

Cost-volume-profit Analysis

Delaware Medical Center,

Ch.8, Pg.346

IX

Group VII

Profit Planning and Budgeting

Frame-it Company, Ch-9,

Pg.404

Group VIII

Standard Costing

European Styles Inc., Ch.10

Pg.459

XI

Group IX

Flexible budgeting

Conundrum Corp. Ch 11,

Pg.501

XIII

Group X

Responsibility Accounting

Cathys Classic, Ch.12, Pg.

541

XIV

Group XI

Decision Making: Relevant Costs

and Benefits

Sportway Corporation, Ch.

14, Pg.638

XV

Group XII

Target Costing

Gargantuan Industries,
Ch.15, Pg.681

II.
Mid Semester Exam:
Mid Semester Exam will be conducted Week VIII. The test will have a weightage of
20%. However it is compulsory that the student appears in the exam on the
scheduled date. If he/she is absent for the exam, he/she will be given a Zero score. The
respective test will be conducted for the syllabi covered in the previous sessions.
The test will be conducted in the afternoon during Workshop and Seminar with
duration of 2 hour and will be a combination of theory questions and Numericals.
The purpose of this assessment is to help students revise whatever has been covered in
class till that date and identify weak areas so as to be properly prepared for the End term
Exam.
Following is the schedule of the Internal Tests:
Week
Week VIII
III.

Syllabi Covered
Ch. 1-8

Company Report:

This is also a Group Assignment. The submission of the report will be done in the morning
at 10:00 am in Week XII followed by presentations by all the groups during Workshop
session. Each presentation should not exceed 10 minutes and emphasis should be laid on the
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learning from the exposure to the corporate experience. This component has a weightage of
20%.
From the very beginning of the course the students are required to identify one listed or
unlisted company (preferably with personal contacts) and keep in touch with the Finance
Manager to understand various management accounting practices that they follow in their
organization.
The report should be of 15-20 pages. The students are required to first give an Introduction
of the Company and highlight at least five such practices that the organization followed.
After having the identified the company with which you would be doing your Managerial
Accounting Assignment and the employee/owner who understands how overhead costs are
allocated to products or services in the company, what is the process followed in pricing,
budgeting, etc., the next step is to set up an interview(s) with the identified person, and
explore the following issues. Be prepared with follow-up questions, if your question receives
a superficial answer. Your goal should be to get as much in depth detail as possible about the
operational financial decision making procedures. If the company is large, you may want to
focus on one department, one product line, or some other sub-division of the company.
The issues to be explored could be the following:1. What are various kinds of revenue expenses in the company? Which of them are fixed
and which ones are variable? What types of costs are included in overhead? How
large is overhead compared to direct material and direct labour costs?
2. What types of overhead cost pools exist? Are there different pools by department?
By activity? By cost-allocation base? By fixed or variable? Be prepared to explain
what you mean by these terms because terminology varies widely.
3. How is an overhead applied to final product or services? What cost-allocation bases
are used?
4. Does the company consider the contribution and break-even point while deciding
upon their forecasted sales? Or else if the company sales are much more than the
break-even, do they consider the Margin of safety in their decision making process?
What other techniques do they use in their Cost-Volume-Profit analysis? Sensitivity
Analysis etc.?
5. What is type of the budgeting process they use in the organization? Top to bottom or
Bottom to Top? Budgeted time period? What kind of budgets cash, production,
sales, master etc.? Frequency? Variance Analysis?
6. Do they have some benchmarked costs? Does the company consider the standard
costs of the products they use in their manufacturing process against the industry
norms and work upon the variance analysis? Does the concept of responsibility
accounting exists or is used in the company? Are the incentives of the production
managers linked to the favorable variance they bring about in the company?

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Sequence of the Project Report:

Students are expected to maintain following Chapterization scheme with details as stated below:
Title of the Report:

Cost control practices adopted at ..Ltd.

Chapter I:

Introduction of the Industry

Chapter II:

Company Profile
Details of Products manufactured / Services offered
Details of Customers with special mention of the Credit policy adopted by the
Company
Details of the major Competitors

Chapter III:

Managerial Accounting Practices followed in the Company:

List of Costs with classification into Fixed Costs and Variable Cost
Calculation of Break Even Point
Illustration of the Budgeting process of the Company
Cost control techniques adopted in Purchase Department
Cost control techniques adopted in Production Department

Chapter IV:

Conclusion & Recommendation

Reflective Learning

Students are expected to follow the given time line for successfully completing the report:

Scouting for the company:

Week 1, 2

Final Selection of the Company

and informing the module leader

Week 3

Interaction with Company personnel like Purchase Head,

Production Head and Finance Manager

Week 4, 5, 6

Writing Chapter 1

Week 7

Writing Chapter 2

Week 8

Writing Chapter 3

Week 9

Writing Chapter 4

Week 10, 11

Printing and Spiral Binding of the Report

Week 11

Submission

Week 12

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Rubric for Group Presentation and Report:

Criterion
(6069

Marks
Focus

(90100)

(8089)

(7079)
or below 60)

Report is tightly
focused on the
topic details and
addresses all
elements in a
sophisticated
and thorough
manner.

Report is
appropriately
focused on the
topic details and
addresses all
elements
effectively.

Report
sometimes fails
to maintain a
focus on the
topic details and
addresses
elements in
superficial
manner.

Report lacks focus or

fails to address most
of the elements of
the topic.

Depth of
Treatment

Student provides
a deep and
insightful
analysis of the
topic; text
readings as well
as outside
sources are
used very
effectively.

Student provides
an effective
analysis of the
topic; text
readings provide
excellent support
and outside
sources may be
used.

Student provides
a superficial
analysis that
shows
understanding
but not a great
deal of insight;
resources are
not fully used.

Student provides no
original analysis and
does not use
sources, even the
textbook, to provide
backing for the ideas
stated.

Critical
Thinking

Student's critical Student's critical Student attempts Student

analysis is
analysis is
a critical analysis demonstrates vague
superior.
effective.
of the topic but
or minimal critical
does not provide understanding of the
much insight.
topic.

Length,
Organization,
and Clarity

Report is of the
proper length
and is extremely
clear, coherent,
and well
organized.

and
Completeness

Report is of
adequate length,
is easily
understood, and
is coherent and
effectively
organized.

Report is slightly
too long or too
short; the thrust
of the paper can
be understood
but overall the
paper lacks
coherence and
organization.

Report does not

meet length
requirements and/or
is incoherent or lacks
unity.

Written
There are few
communication spelling or
grammatical
errors, none of
which seriously
detract from the
paper.

There are some

spelling or
grammatical
errors, few of
which detract
from the paper.

Student makes a
number of
spelling or
grammatical
errors, several of
which seriously
detract from the
paper.

Student makes many

spelling or
grammatical errors,
which seriously
detract from the
paper.

Presentation

Student shows
above average
presentation
skills and may
not be so
convinced with
what he/she has
written in the
report

Student shows
average
presentation
skills and is not
so convinced
with what he/she
has written in the
report

Student shows
below average
presentation skills
and cannot defend
his/her point of view
effectively

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Student shows
superior
presentation
skills and can
defend his/her
point of view
effectively

Score

Note: Each criterion is evaluated out of 20 marks. Any advice/ guidance/ support/ help
required for the same will be available 24X7
Summative Assessment:
This will be conducted through an End term Examination. The duration of the exam will be
of 3 hours and it will be conducted out of 100 marks. It will consist of three sections;
Section A will be of 20 marks consisting of short numericals; Section B will be a Case study
of 20 marks; Section C will consist of a combination of four numerical and theoretical
questions of 20 marks each out of which the student is expected to answer any three. The
coverage for this component will be the entire syllabi as covered in the class and as
mentioned in the Weekly coverage in the Module handbook. It will have a weightage of
50%. The purpose of this assessment is to ensure that every student possesses a foundation
level knowledge of this subject in order to move to the next semester.
Synopsis of the Assessment Structure:

Assessment Component

Weightage

Scheduled in

Case Study Presentation

10%

Weekly

Mid Sem Exam

20%

Week VIII

Company Project Report

20%

Week XII

End Sem Exam

50%

As notified by Program
Office

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Managerial Accounting
Detailed Weekly Plan
Week I
Introduction to Managerial Accounting and Basic Cost Concepts

Learning Outcomes:

To understand the role of Managerial Accounting in the Management process

To understand major contemporary themes in Managerial Accounting
To understand the ethical responsibilities of a Managerial Accountant
To understand the various connotations of the cost
To appreciate accumulation and control of costs in a Mass Customization setup

Lecture outline

Define Managerial Accounting and explain how it is different from Financial

Accounting
Describe various objectives of Managerial Accounting activities
Explain the role of Managerial Accountant in the organizational setup
Define and distinguish Product cost and Period cost
Describe different types of Manufacturing Costs
Distinguish between Direct/Indirect, Controllable/Uncontrollable and Variable/Fixed
costs

Workshop
MCQs based on Basic cost concepts
Seminar
Explanation of Assessment Components and Student Expectations

Readings for Week II

Hilton et al. , Managerial Accounting,Ch.3

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Week II
Product Costing and Cost Accumulation in a Batch Production Environment

Learning Outcomes

To discuss the role of Product costing in Manufacturing firms

To discuss the role of Service costing in Non-Manufacturing firms
To be able to prepare a schedule of Cost of goods manufactured, a schedule of cost of
goods sold and an income statement for a manufacturer

Lecture outline

Explain the flow of costs used in Product Costing

Distinguish between Job order costing and Process costing
Compute a pre determined overhead rate
Compute departmental overhead rates
Describe the process of costing in Service Industry

Workshop:
Solving problems related to Product Costing
Seminar
CompTechInc. Ch.2, Pg.77
Readings for Week II
Hilton et al. , Managerial Accounting,Ch.4

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Week III
Process Costing and Hybrid Product-Costing Systems
Learning Outcomes

To understand the use of Process Costing in repetitive production environments

To understand the similarities and differences between Job order and Process Costing
To appreciate how costs are accumulated in a Batch manufacturing process

Lecture outline

Prepare table of equivalent units under weighted average process costing

Compute cost per equivalent unit under weighted average process costing
Assign cost of Direct material and conversion activity in a batch manufacturing
process

Workshop
Solving problems related to BatchCosting

Seminar
CompuFurn Inc., Ch.3, Pg.127
Readings for Week IV
Hilton et al. , Managerial Accounting,Ch.5

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Week IV
Activity Based Costing
Learning Outcomes

To understand how Activity based costing system operates

To appreciate the superiority of ABC over traditional volume based costing system
To understand how ABC is used in service-industry organizations

Lecture outline

Explaining assignment of costs, identification of activity cost pools and selection of

cost drivers
Computing product costs under ABC
Discussing several key issues in ABC

Workshop
MCQs based on ABC
Special Note:
Internal Test I in the morning at 10:00 am

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.6

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Week V
Activity Based Management
Learning Outcomes

To understand the concept of Activity based management

To create an awareness of various ABM tools

Lecture outline

Explain steps in using ABM to eliminate non value added costs

Define and give an example of Target costing
Define and give an example of Kaizen
Define and explain the concept of TQC, Theory of Constraints, benchmarking and
Reengineering

Workshop
Helping students create a glossary of following key terms:

Activity Based Management

Benchmarking
Continuous Improvement
Customer profitability Analysis
JIT
Kaizen
Reengineering
Target costing
Theory of constraints
Total quality control
Value engineering

Seminar
Home Garden Co. Ch.4

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.7

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Week VI
Cost Behaviour and Cost Estimation
Learning Outcomes

To appreciate the relationship between cost estimation, cost behaviour and cost
prediction
To understand various methods of cost estimation
To appreciate problems faced in collecting data for cost estimation

Lecture outline

Define and describe various types of costs like:

Variable costs
Step Variable costs
Fixed costs
Step fixed
Semi variable costs
Describe various methods of cost estimation like:
Account classification
Visual fit
High-low
Least squares method

Workshop
MCQs related to cost behaviour
Numericals related to cost estimation
Seminar
Gigabyte Inc., Ch5 Pg.215
Readings for Next Week
Hilton et al. , Managerial Accounting,Ch.8

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Week VII
Cost Volume Profit Analysis
Learning Outcomes

To appreciate the widespread use of this technique in understanding the influence of

changes in volume on changes in costs
To understand how this technique is used in short term decision making in any
industry

Lecture outline

Calculate Break even point in units and amount

Calculate MOS
Prepare CVP graph and explain how it is used
Discuss the assumptions of CVP analysis
Prepare and interpret Contribution Income statement

Workshop
Solving MCQs and Problems related to CVP
Seminar
Delaware Medical Center, Ch.8, Pg.346

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.9

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Week VIII
Internal Test will be conducted in the Workshop and Seminar Session. Students can
clarify doubts, if any during the Morning sessions.
Module leader may conduct a practice session with numerical exercisesin the
Morning session.

Week IX

Profit Planning and Budgeting

Learning Outcomes

To understand the concept and importance of Budgeting

To be aware of a typical organizations process of Budget administration

Lecture outline

Explain the purposes of Budgeting

Prepare Budget schedules that make up the Master budget
Discuss the similarities and differences between Budgets of Manufacturing, Service,
Merchandizers and Non-profit organizations

Workshop
Making various types of Budgets
Special Note:
Internal test II at 10:00 am

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.10

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Week X
Standard Costing
Learning Outcomes

To explain how standard costing is used to manage costs

To compute Variances
To discuss the behavioural aspects of Standard costing

Lecture outline

Describe ways to set standards

Compute and interpret Direct Material Price and quantity Variance
Compute and interpret Direct Labour Rate and efficiency Variance
Summarize the advantages of Standard costing

Workshop
Discuss the concept of Balance scorecard as developed by Kaplan
Seminar
Niagra Falls sporting Goods, Ch.8, Pg348

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.11

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Week XI
Flexible Budgeting
Learning Outcomes

To understand the importance and advantages of Flexible Budgets

To be able to prepare a flexible budget

Lecture outline

Distinguish between Static budget and Flexible budget

Prepare a flexible budget using formula and columnar format
Understand the Management of Overhead and Support activity Costs
Calculate Fixed Overhead and Variable overhead variance

Workshop
Solving various examples of preparation of Flexible budgets

Seminar
European Styles Inc. Ch.10, Pg.459

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.12

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Week XII
All students groups will make presentations of the Company Project Report on this day. The
sequence of the presentations will be in the order as notified by the Program Office. All
students must be present on this day to give their presentation.
Week XIII
Responsibility Accounting
Learning Outcomes

To understand the role of Responsibility Accounting in achieving goal congruence

To appreciate the behavioural aspects of Control

Lecture outline

Define Cost Centre, Profit Centre, Revenue Centre and Investment Centre
Prepare performance reports for various Responsibility Centres
Behavioural effects of responsibility accounting

Workshop
Preparation of Performance Reports

Seminar
Conundrum Corp. Ch.11, Pg.501
Readings for Next Week
Hilton et al. , Managerial Accounting,Ch.14

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Week XIV
Decision Making: Relevant Costs and Benefits
Learning Outcomes

To understand steps in decision making process and Accountants role in it

To prepare cost-benefit analyses of various special decisions

Lecture outline

Identify relevant costs and benefits of particular decision making problem

Identify impact of sunk costs, differential costs and opportunity costs in decision
making problem
Analyses of various decisions like:
Accept or Reject
Make or buy
Add or drop a product line
Sell or process any Joint product
Problem of limited resources

Workshop
Solving numericals on given topic

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.15

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Week XV
Target Costing

Learning Outcomes

To understand the major influences on pricing decisions

To be able to perform Cost Analysis for Pricing decisions
To discuss the key principles of target costing
To appreciate the legal restrictions on setting prices

Lecture outline

Explain the implementation of profit-maximising pricing model

Explain the implementation of cost-plus pricing model
Explain how strategic pricing is done for new products

Workshop
Solving numericals on given topic
Seminar
Cathys Classic, Ch.12, Pg.541

Readings for Next Week

Hilton et al. , Managerial Accounting,Ch.17

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Week XVI
REVISION & DOUBT CLEARING SESSION

Students are instructed to carefully identify problem areas and inform the Module
leader beforehand.

Practice of extra numericals will be made on this day so as to help the students
prepare better for End Sem Exam.

ALL THE BEST FOR YOUR END TERM EXAMINATIONS

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A note on equal opportunities and diversity

Auro University is committed to the elimination of any form of unfair discrimination, to the
establishment of equal opportunity and to the development of policies and practices to ensure
these objectives are met.
The University aims, within its courses, to provide and promote equality of opportunity for
learning to students from diverse backgrounds, irrespective of their gender, race, disability,
sexual orientation, age, religion and maturity.
Modules are designed to provide an inclusive learning and teaching environment for all
students. If you feel this module is not fulfilling this aim, please take it up with the module
leader, or ask your student representative to do so. You are invited to comment on this aspect
of the module evaluation.

Regulations
Late submission of work
All coursework/Assignments submitted late will be awarded a Zero F grade.
Extensions for medical reasons or extenuating circumstances must be agreed with the Module
Leader/program office in advance of the deadline where possible and supported by medical
evidence where appropriate. Problems with printing and binding will not normally be
accepted as valid reasons for lateness.

Non-submission of Coursework and/or Non-appearance in Exam in the

First Attempt
Any student failing to submit the coursework and/or failing to take the exam component
(without medical reasons or extenuating circumstances agreed with the Module
Leader/program office in advance of the deadline and supported by medical evidence where
appropriate) will be awarded a Zero F Grade.

Attendance Regulation
All students are required to maintain above 80% attendance. Any student who is failing
short of the 80% attendance rule will not be allowed to take the main exam/coursework.

Authenticating your coursework

You must be able to demonstrate that the course work you submit for assessment is your
own. You must therefore keep (whether electronically or on paper) working documents that
you used or created while preparing the assignment, such as drafts, photocopies of sources,
completed questionnaires and internet pages. These should be kept until after the module
results have been declared by the program office.
Cheating
All assessments are intended to determine the skills, abilities, understanding and knowledge
of each of the individual students undertaking the assessment. Cheating is defined as
obtaining OR ATTEMPTING TO OBTAIN an unfair academic advantage, attempting to
cheat or assisting someone else to cheat may be subject to disciplinary action in accordance
with the University's Disciplinary Procedure. The University takes this issue very seriously
and students have been expelled or had their degrees withheld for cheating in assessments. If
you are having difficulty with your work it is important to seek help from your tutor rather
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than be tempted to use unfair means to gain marks. Do not risk losing your degree and all the
work you have done.
The University's regulations define a number of different forms of cheating, although any
form of cheating is strictly forbidden. These are:

Submitting other people's work as your own - either with or without their knowledge.
This includes copying in examinations; using notes or unauthorised materials in
examinations;
impersonation - taking an assessment on behalf of or pretending to be another student, or
allowing another person to take an assessment on your behalf or pretend to be you;

Plagiarism - taking or using another person's thoughts, writings or inventions as your

own. To avoid plagiarism you must make sure that quotations from whatever source
must be clearly identified and attributed at the point where they occur in the text of your
work by using one of the standard conventions for referencing. It is not enough just to
list sources in a bibliography at the end of your essay or dissertation if you do not
acknowledge the actual quotations in the text. Neither is it acceptable to change some of
the words or the order of sentences if, by failing to acknowledge the source properly, you
give the impression that it is your own work;

Collusion - except where written instructions specify that work for assessment may be
produced jointly and submitted as the work of more than one student, you must not
collude with others to produce a piece of work jointly, copy or share another student's
work or lend your work to another student in the reasonable knowledge that some or all
of it will be copied;

Duplication - submitting work for assessment that is the same as, or broadly similar to,
work submitted earlier for academic credit, without acknowledgement of the previous
submission;

Falsification - the invention of data, its alteration, its copying from any other source, or
otherwise obtaining it by unfair means, or inventing quotations and/or references.

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Student Assessment of Module

I hope that you found this module challenging but worthwhile. Each year, the module changes
slightly, in part as I think of ways I can do things better and in part because students suggest
possible improvements. I would appreciate your comments on what I got right and what I could
improve on. I would therefore be grateful if you could anonymously complete the following
table, adding any additional observations you may have on the reverse. A summary of student
appraisals is reported at Field Meetings, attended by student representatives, and I would be
happy to provide a copy to any student who asks for one.
1 = Strongly Agree 2 = Agree
5 = Strongly Disagree

3 = Neither Agree nor Disagree

MODULE

as a whole:

Was well organised

Had an acceptable workload
Gave me confidence in my understanding of
Financial Accounting
Was relevant to my main field/s of study
Was adequately resourced in terms of learning
support material
Was adequately resourced in terms of
accommodation and physical facilities
The LECTURES:
Were interesting
Were clearly delivered
The SEMINARS:
Were interesting
Were clearly delivered

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4 = Disagree