Revision No.

: 07
Revision Date: July 09, 2018

COURSE SYLLABUS
COLLEGE / DEPARTMENT : E.T. YUCHENGCO COLLEGE OF BUSINESS/ACCOUNTANCY

COURSE CODE : ACT 151

COURSE TITLE : Management Accounting 1

PRE-REQUISITE : ACT122
CO-REQUISITE : NONE
CREDIT UNIT(S) : 3
CLASS SCHEDULE : 4.5 hours per week

COURSE DESCRIPTION

This course is designed to acquaint students with the role of the accountant in the management team by providing and assisting in
the analysis, interpretation, and forecasting of business organizations. It covers the discussion of the foundation of management
accounting; its expanding role, organizational structure, and professional ethics for management accountants; design of
management accounting systems (e.g., responsibility accounting system), evaluating the impact of changes in business structure,
functions, and appropriateness of management accounting techniques and methods; basic interpretation and use of financial
statements, performance measurement for planning and control such as: marginal, absorption, and opportunity costing; cost
behavior; advanced analysis and appraisal of financial and related information; business planning and budgetary systems; standard
costing and variance analysis; and methods for planning and control.

COURSE OUTCOMES
A student completing this course should at the minimum be able to:
1. Apply the principles and cost concepts, budgeting terms and other relevant concepts in management accounting in a
given transaction or business scenario (SOa);
2. Solve/interpret problems on CVP analysis, Master Budget & its schedules, Flexible Budget and the resulting variances,
and Financial Statement Analysis (SOa);
3. Practice discipline, punctuality, honesty, and responsibility (SOm).

COURSE COVERAGE

WEEK TOPIC LEARNING OBJECTIVES DATE

NO.* COVERED**
Course Orientation
 Course Syllabus  Be familiar with the course goals, policies and
requirements. (CO3)
1 The Manager and Management Accounting
 The Work of Management and the need 1. Describe the role of management accountants in
for Managerial accounting information an organization. (CO1)
 Management Accounting and 2. Differentiate management accounting with
Globalization financial accounting. (CO1)
 Comparison of financial and management 3. Explain the five-step decision-making process and
accounting its role in management accounting. (CO1)
 Five-step decision-making process and its 4. Discuss the importance of professional ethics in
role in management accounting business. (CO1)
 Professional ethics

Cost Concepts, Behavior, and CVP Analysis
 General cost classifications
 Product costs versus period costs
2  Cost classifications on financial statements
 Measuring costs
 Cost classifications for predicting cost
behavior
 Cost classifications for decision making
 Framework for cost accounting and cost
management
Master Budget and Responsibility Accounting
 The basic framework of budgeting
 Master budget and its interrelationship
5. Classify costs accordingly. (CO1)
6. Distinguish inventoriable costs from period costs
(CO1)
7. Differentiate and calculate fixed from variable
costs. (CO1)
8. Differentiate and calculate direct from indirect
costs. (CO1)
9. Explain why product costs are computed in
different ways for different purposes. (CO1)
10. Prepare an income statement including a cost of
goods sold schedule. (CO2)
11. Prepare a schedule of cost of goods manufactured.
(CO2)
12. Describe a framework for cost accounting and cost
management. (CO1)
13. Describe the master budget and explain its
benefits. (CO1)
14. Prepare a sales budget, including a schedule of

COURSE TITLE SY / TERM OF EFFECTIVITY PREPARED BY APPROVED BY

Christine Joy D. Carmona Rizalina B. Ong Page 1 of 4
MANAGEMENT ACCOUNTING 1 2018-2019/2nd Term COURSE COORDINATOR PROGRAM CHAIR/ CLUSTER COORDINATOR
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a.Sales budget
b.Production budget
c.Direct materials budget
d.Direct labot budget
e.Manufacturing overhead budget
3-4 f.Ending finished goods inventory
budget
g. Selling and administrative expense
budget
h. Cash budget
i. Budgeted income statement
j. Budgeted balance sheet
 Responsibility Accounting
PRELIMINARY COURSE ASSESSMENT
4
Date Given:
Flexible Budgets and Performance Analysis
 Static budgets and variances
 Flexible budgets and variances
 Management use of variances
5-7  Standard costing
 Using variances for performance
management
7-8 Decision Making and Relevant Information
 Information and the decision process
 Concept of relevance
 Insourcing vs. Outsourcing/Make or buy
 Add or drop a product line or segment
 Product-mix decisions with capacity
constraints
 Bottlenecks, Theory of constraints, and
throughput-Margin analysis
 Customer profitability and relevant costs
analysis
MIDTERM COURSE ASSESSMENT
8 Date Given:
9  Pricing Decisions and Cost Management
 Factors that affect pricing decisions
 Target costing for target pricing
 Cost-plus pricing
 Life cycle product budgeting and costing
10-11 Financial Statement Analysis
 Limitations of financial statement analysis
 Comparative and common size statements
 Ratio analysis
12 Emerging Trends in Management Accounting
 Evolution of Concepts in Management
Accounting
COURSE TITLE SY / TERM OF EFFECTIVITY
MANAGEMENT ACCOUNTING 1 2018-2019/2nd Term
Revision No.: 07
Revision Date: July 09, 2018
expected cash collections. (CO2)
15. Prepare a production budget. (CO2)
16. Prepare a direct materials budget including a
schedule of expected cash disbursements for
purchases of materials. (CO2)
17. Prepare a manufacturing overhead budget. (CO2)
18. Prepare a selling and administrative expense
budget. (CO2)
19. Prepare a cash budget. (CO2)
20. Prepare a budgeted income statement and balance
sheet. (CO2)
21. Describe responsibility centers and responsibility
accounting. (CO1)
22. Assess the contribution made by each department
or unit to overall profitability of the organization.
(CO1)
23. Conduct service learning on financial literacy (Basic
Budgeting) to any MCL partner community (CO1)
Validated By: Program Chair/ Cluster
24. Discuss the concept of static budgets and
variances. (CO1)
25. Prepare flexible budgets and enumerate its
advantages over the static budget approach. (CO1)
26. Prepare a performance report for variable and
fixed overhead costs using the flexible budget
approach. (CO2)
27. Use a flexible budget to prepare a variable
overhead performance report with both spending
and efficiency variances. (CO2)
28. Explain how managers use variances. (CO2)
29. Distinguish relevant from irrelevant information in
decision situations. (CO1)
30. Explain opportunity cost and its relevance in
decision making. (CO1)
31. Discuss the factors managers must consider when
making short term non-routine business decisions.
(CO1)
32. Prepare an analysis showing when to drop or add a
product line. (CO2)
33. Prepare an analysis showing when to make or buy.
(CO2)
34. Explain how conflicts can arise between the
decision model a manager uses and the
performance evaluation model top management
uses to evaluate managers. (CO1)
Validated By: Program Chair/ Cluster
35. Discuss the major factors that affect pricing
decisions. (CO1)
36. Price products using target-costing approach. (CO1
& CO2)
37. Price products using the cost-plus approach. (CO1 &
CO2)
38. Use life cycle budgeting and costing when making
pricing decisions. (CO1 & CO2)
39. Enumerate the limitations of financial statement
analysis. (CO1)
40. Prepare and analyze comparative and common size
statements. (CO2)
41. Explain the purpose of the different ratios and
perform ratio analysis. (CO1 & CO2)
42. Identify concepts and emerging trends in
management accounting. (CO1)
43. Discuss emerging trends in management
PREPARED BY APPROVED BY
Christine Joy D. Carmona Rizalina B. Ong Page 2 of 4
COURSE COORDINATOR PROGRAM CHAIR/ CLUSTER COORDINATOR
OVPAA-034-02
 Revision No.: 07
Revision Date: July 09, 2018

 New Trends in Management Accounting accounting. (C081

12 FINAL COURSE ASSESSMENT
Program Chair/ Cluster
Date Given: Validated By:
MAKE-UP CLASS (This section is to be filled out completely, if applicable)
Date Remarks (Topic/Activity) Validated by:

* For Midyear Term, one (1) week covers two (2) weeks of a Regular Term.
*To track the progress of the course, students and professors should take note of the date when the topic was covered.

TEXTBOOK
Horngren, C., Datar, S. Rajan, M. Cost Accounting: A Managerial Emphasis 15th ed. Pearson Education South Asia Pte. Ltd.
REFERENCES
Colin, D. (2014). Management and Cost Accounting. Cengage Learning
Edmonds, T., Edmonds, C., Tsay, B. Olds, P. (2014). Fundamental Managerial Accounting Concepts. McGraw Hill Irwin
Garrison, R., Noreen, E., Brewer, P. (2016). Managerial Accounting Asia Global Edition 2nd edition. McGraw Hill Irwin
Hilton, Ronald W., Platt, David E.(2015). Managerial Accounting : Creating Value in a Dynamic Business
Environment. McGraw Hill Irwin
Noreen, Eric W. (2014). Managerial Accounting for Managers. McGraw Hill Irwin
Whitecottonn, Stacey. (2014). Managerial Accounting. McGraw Hill Irwin
http://sfmagazine.com/wp-content/uploads/sfarchive/2013/12/Top-7-Trends-in-Management-Accounting.pdf
http://icmai.in/Knowledge-Bank/global-finance-management-accounting.php
http://www.journalofaccountancy.com/issues/2017/may/procurement-to-pay-fraud.html

COURSE REQUIREMENT
The final grade of the students is based on the following components:
MAJOR ASSESSMENTS 60%
Prelims 20%
Mid-terms 20%
Finals 20%
OTHER LEARNING TASKS 40%
Quizzes 25%
Homework/Seatwork/On-line Exercises/ etc. 15%
TOTAL 100%

The student needs to get a grade of 60% in order to pass. The final grade of the student is interpreted as shown on the table
below.

Aside from academic deficiency, other grounds to fail the course are the following:
 Intellectual dishonesty (cheating and plagiarism) during examinations and other requirements;
 Per Section 1551 of CHED’s Manual of Regulations for Private Educational Institutions, a student who has incurred more
than 20% of the total number of school days (i.e., 5 unexcused absences) shall not be given credit to the course
regardless of class standing. For further provisions of the said policy, please refer to the MCL Student Catalogue.
 Other grounds as stipulated in the MCL Student Catalogue, and other relevant policies and regulations that may be
promulgated from time to time.

STUDENT INTERVENTION

Students with a preliminary class standing of ≤ 55% or those whose GWA status is marked “NOT OK” in the Student Intervention
Module (OSS Application) need to undergo intervention activities which include but are not limited to any of the following:

(a) remedial assessment;

(b) consultation;
(c) referral to CGC;
(d) tutorial/mentoring/coaching;

COURSE TITLE SY / TERM OF EFFECTIVITY PREPARED BY APPROVED BY

Christine Joy D. Carmona Rizalina B. Ong Page 3 of 4
MANAGEMENT ACCOUNTING 1 2018-2019/2nd Term COURSE COORDINATOR PROGRAM CHAIR/ CLUSTER COORDINATOR
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 Revision No.: 07
Revision Date: July 09, 2018

(e) collaborative learning activities;

(f) notifications/reminders; and
(g) performance monitoring.

AVAILABLE COURSE MATERIALS

a. Course Syllabus
b. On-line resources posted in BB Learn
c. Supplemental learning exercises

OTHER COURSE POLICIES

LANGUAGE OF INSTRUCTION
English is the medium of instruction. Lectures, discussions, and documentation will be in English. Code switching is highly
discouraged and the use of other languages aside from English in communicating and in presenting course works will be a
valid ground for demerits in that given exercise.

ATTENDANCE
Per Section 1551 of CHED’s Manual of Regulations for Private Educational Institutions, a student who has incurred absences
more than twenty percent (20%) of the total number of school days shall not be given credit to the course regardless of class
standing. For further provisions of the said policy, please refer to the MCL Student Catalogue.

HOMEWORK, WRITTEN REPORTS AND REACTION PAPERS

All homework and other assigned course works must be submitted on time.

COURSE PORTFOLIO
All exercises and requirements for the course are to be compiled by the students as part of their portfolio. The same must be
made available for inspection by the Instructor before the end of the term.

HONOR, DRESS, AND GROOMING CODE

Other provisions stipulated in the MCL Student Catalogue will be enforced in and out of the classroom. ETYCB students are
required to wear the executive uniform every Mondays and Thursdays and corporate attire on Tuesdays and Fridays.
Wednesdays and Saturdays are considered as wash days. Students who violate the related offenses will not be permitted to
attend classes without being cleared by the Student Affairs Office or the Guidance Office.

END OF TERM REQUIREMENT

Conduct service learning/community engagement on Basic Budgeting to any of MCL’s other partner communities.

COMMITTEE MEMBERS
Course Coordinator: Christine Joy D. Carmona
Member: Rizalina B. Ong
Jose Enrique J. Abaya

CONSULTATION SCHEDULE
EMAIL ADDRESS: cjdcarmona@mcl.edu.ph
DAYS AVAILABLE: Saturday
TIME AND VENUE: 4p.m. onwards ; ETYCB Faculty Room

COURSE TITLE SY / TERM OF EFFECTIVITY PREPARED BY APPROVED BY

Christine Joy D. Carmona Rizalina B. Ong Page 4 of 4
MANAGEMENT ACCOUNTING 1 2018-2019/2nd Term COURSE COORDINATOR PROGRAM CHAIR/ CLUSTER COORDINATOR
OVPAA-034-02