511 Ac & Finance For Managers

ST MARY’S UNIVERSITY
SCHOOL OF GRADUATE STUDIES

MBA
COURSE OUTLINE
Curse Title: Accounting for Managers Course Code-MBA 511
Credit Hours: 2 Prerequisite: None
COURSE DESCRIPTION
The course aims to expose students to the nature and use of accounting information, and less
to the processes of accounting. The aim is to have students understand accounting
information and to appreciate its uses from various decision-making perspectives. This
subject provides a sound grounding in the application of accounting concepts and techniques
and considers ethical and corporate governance issues associated with the provision of
accounting reports. The topics chosen are a mix of financial and management accounting.
The financial accounting topics concern the basic financial statements, and the concepts and
procedures that underpin their preparation. Management accounting concerns 'cost', cost
behaviour, product costing and information for planning and control.
COURSE OBJECTIVE/OUTCOMES
Upon completion of this course students should be able to:
P use accounting processes and business technology, information and support systems
to monitor issues, problems and opportunities affecting business
P understand the purpose, content and format, of financial statements and the methods
used by accountants to prepare these statements which are governed by regulatory
requirements and relevant accounting standards governing disclosure requirements for
these reports
P understand the implications of financial reports and their role in the development of
effective governance mechanisms
P analyze and interpret financial statements so as to extract information about past
operations and to develop expectations about future outcomes
P explain the role of management accounting information in managerial decision-
making and apply basic management accounting techniques
P Identify and explain accounting issues that arise in the workplace and their
implications for business behaviour and resource allocation decisions.
TEACHING AND LEARNING STRATEGIES
The presentation is a combination of lecture and seminar. The sessions have four
components:
1
] Lecture: the ideas and concepts found in the topic assigned will be discussed and
illustrated.
] Problem demonstration: selected problem/case from the text will be demonstrated
by the instructor to reinforce concepts and enhance learning.
] Seminar: discussion of problems and cases as assigned in the syllabus. Lecturers will
discuss the problems/cases on the understanding that students have prepared answers
and brought these to class.
] Case study review problems to make students aware of ethical and governance
issues associated with financial reporting and the effect of these reports on the various
stakeholders of the business.
The teaching strategies and learning materials have been developed for a culturally diverse
student body. Specific teaching strategies will be employed in this subject to compensate for
limited work experience. These include weekly feedback on learning, small group learning
strategies and additional practical handout material.
COURSE CONTENTS
Part 1: General Overview
 The nature of accounting

 Users and accounting information
 Financial reporting integrity
 Financial, Cost and managerial accounting
 The nature of finance
Part 2: Financial Accounting

 Introduction
 Conceptual Framework for financial accounting and reporting
 Characteristics of externally reported information
 Forms of Business Ownership
 The Accounting Cycle
o Capturing Economic Events
o Recording business transactions
o Ledger accounts and posting
o The unadjusted trial balance
o Accruals and Deferrals (adjustments)
o Reporting Financial Results
 Preparing financial statements
 Closing the temporary accounts
 Post closing trial balance
Part 3 — Management and Cost Accounting
o Brief introduction to cost and management accounting

o Basic cost concepts and cost behavior
o Job and Process Costing System
o Activity costing — another way to measure costs
2
o Short-run alternative choice decisions
o CVP Analysis
o Budgeting — operating budget, cash budget
Assessment
Mode of Assessment
Assessment 1 : Comprehensive Accounting Cycle Problem (individual)
Weighting : 20%
Task : The problem is designed to assess students' understanding of the
Theories and concepts of the issue discussed in financial accounting
part of the course.
Assessment 2 : Term Paper (individual)
Weighting : 30%
Task : You need to prepare a term paper on Financial and Managerial Accounting
practices in a case of any profit oriented company. [You are expected to
choose one company and prepare a term paper as per the guideline].
Submission Date for all assignments: May 30, 2020

Assessment 3 : Final Exam (Individual)
Weighting : 50%
Task : This exam, consisting of short answer questions and workout questions
that will test students' understanding of the theory and their ability to apply the
theory to business decisions.
Text Books
1. Warren et al. (2018) Accounting, 27th ed.
2. Jerry J. Weygandt, et al. (2010), Managerial accounting: Tools for business decision
making

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ST MARY’S UNIVERSITY

SCHOOL OF GRADUATE STUDIES

Upon completion of this course students should be able to:

TEACHING AND LEARNING STRATEGIES

Part 1: General Overview

 The nature of accounting

Part 2: Financial Accounting

Part 3 — Management and Cost Accounting

o Brief introduction to cost and management accounting

Submission Date for all assignments: May 30, 2020

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