Javid Iqbal

Assistant Professor
Department of Management Sciences
COMSATS Institute of Information Technology,
Islamabad

Education
M.Sc in Accounting (Pass with Distinctions, August 2007-June 2009)
Graduate School, School of Business, Economics and Law,
Gothenburg University, Sweden
Master of Business Administration in Finance (2004-2006)
Department of Business Administration
University of Sargodha, Pakistan
Master of Commerce in Accounting (2001-2003)
Hailey College of Commerce
University of the Punjab, Pakistan
Bachelor of Commerce (1999-2001)
Hailey College of Commerce
University of the Punjab, Pakistan

DISTINCTIONS & AWARDS

Rotary International Student House (RISH) has selected
one of the top five international students from Gothenburg
University, Sweden.
Awarded distinction on master project (Thesis) presented to
fulfill the requirement of Master of Science in Accounting
degree.
Awarded cash prize and certificate on project of European
financial crises

EXPERIENCE
Assistant Professor
COMSATS Institute of Information Technology, Islamabad
(2009 to till date)

Research Fellowship
School of Business, Economics and Law, Gothenburg University, Sweden
2009

Lecturer
University of Education, Lahore, Pakistan
2006 to 2007

Lecturer
Hi-Aims College of Commerce, Jauharabad
2004 to 2005

RESEARCH INTERESTS
Financial Disclosure,
Financial Regulations,
Financial Statements Analysis,

Accounting Practices,
Management Accounting

End of Profile

Managerial
Accounting
MGT 431

Managerial Accounting
MGT 431
Basic Course Outline

Basis of Managerial
Accounting
Managerial accounting is concerned
with the use of accounting
information to managers within
organizations to make business
decisions for better management
control functions on the resources of
the organizations.

Introduction to Multinational
Corporations (MNC)

Types of Businesses
Types of Business Organizations
Define MNCs
Goals of MNCs
Published financial statements
Theories of International Business
International Business Methods

Changing the Roles of Managerial

Accounting in Dynamic Business
Environment
Managerial Accounting and its role in
management process
Objectives of Managerial Accounting
Managerial Accounting vs Financial
Accounting
Organziational chart
Major Themes in Managerial Accounting
Concepts of Strategic cots managment and
value chain

Basic Cost Managment

Concepts
Distinguish between cost, product cost, period cost
and expenses
Types of manufacturing cost
Cost of goods sold, and income statment for
manufacturer
Behavior of variable and fixed costs, in total and perunit basis
Direct, indirect, controllable and uncontrollable costs
Opportunity cost, an out-of-pocket, sunk cost,
defferential cost, marginal cost and average cost
Practice Questions

Product costing and cost

accumulation
Product and service costing in manufacturing
and non manufacturing firms
Distinguish between job order and process
costing
Predetermined overhead rate
Enteries of record costs of direct material,
direct labor and FOH
Two stage process used to compute
departmental overheads
Practice Questions

Process Costing and Hybird

Product Costing systems
Similarities and differences between
process costing and Job order costing
Journal entries to record the process
costing in sequential manner
Equivalent units uner weighted average
process costing
Cost per equivalent units
Departmental production report
Practice Questions

Activity Based Costing

Product costs under a traditional, volume
based costing system
How an activity based costing system
operates
Two stage procedure for cost assignment and
selection of cost drivers
Product cost under activity based costing
Three criteria for selecting cost drivers
Activity based costing in service industry
Practice Questions

Cost volume Profit

analysis
Break Even point using contribution margin
and equation approach
CM ratio and break even in sales
CVP analysis to determine effect on profit
change in fixed, variable, sales price and
sales volume
Assumptions of CVP analysis
Role of Cost Structure and operating
leverage in CVP relationships
Practice Questions

Budgeting

Capital Expenditures budget

Research and Development Budgets
Cash Budgets
Budgeted Balance sheet
Zero-based Budgets
Pert

By-Product and Joint Product

Costing
Difficulties in costing By-Products and
joint products
By-Products and joint products defined
Nature of By-Products
Nature of joint products
Methods of Costing By-Products
Methods of joint products
Practice Questions

Variance analysis

FOH over applied

FOH under Applied
Idle capacity Variance
Spending Variance
Practice Questions

Recommended Book
Core texts:
Managerial Accounting; Creating Value in a Dynamic Business
Environment. Latest edition; Ronald W.Hilton
Managerial Accounting 14th edition; Ray Garrison
Cost Accounting: 9th Edition Matz Usry

Online library

http://www.questia.com/Index.jsp
http://www.managementhelp.org/
http://www.businessbookmall.com
http://search.bnet.com

Chapt
er

Introduction to
Managerial Accounting
and Cost Concepts

Types of Businesses
Manufacturing
Merchandizing
Services business.

Types of Businesses
Manufacturing Business
Product
Toyota Motors
Intel
Nishat
Nike
Coca-Cola
Sony

Cars, vans
Computer chips
Textile
Athletic shoes
Beverages
Stereos and television

Types of Businesses
Merchandizing Business
Product
Metro Cash & Carry
D.Watson
United Mobiles
Amazon.com

General merchandise
Medicine
Mobile Phones
Internet books, music,

Types of Businesses
Services Business
Product

PIA
PIA
Marriott
Marriott Hotels
Hotels
HBL
HBL
PTCL
PTCL

Transportation
Transportation
Hospitality
Hospitality and
and lodging
lodging
Financial
Financial Services
Services
Telecommunication
Telecommunication

There are three types of business

organizations
Proprietorship
Partnership
Corporation

A proprietorship
is owned by one
individual.

Advantages
Ease in organizing
Low cost of organizing
Disadvantage
Limited source of
financial resources
Unlimited liability

A partnership is owned by two or more

individuals.

Advantages
More financial resources than a proprietorship.
Additional management skills.
Disadvantage
Unlimited liability.

A corporation is organized under state or federal

statutes as a separate legal entity.
Advantage
The ability to obtain large amounts of
resources by issuing stocks.
Limited liability
Disadvantage
Double taxation.
Difficult process to establish

Formation of Corporations

Promotion Stage
Incorporation Stage
Raising of Capital Stage
Commencement of Business
Stage

What is MNC
A multinational corporation (MNC) or enterprise
(MNE), is a corporation or an enterprise that
manages production or delivers services in more
than one country. It can also be referred to as an
international corporation.
an MNC as a corporation that has its
management headquarters in one country, known
as the home country, and operates in several
other countries, known as host countries.

Goals of MNC
Commonly accepted goals of an MNC
is to maximize shareholders wealth.
most common form of ownership of
US. Based MNCs, and it enables
financial managers throughout the
MNC to have single goal of
maximizing the value of the entire
MNC instead of maximizing the value
of any particular foreign subsidiary.

Constraints interfering with the

MNCs Goal
Environmental Constraints
Building Codes, Disposal of production waste
materials and pollution control

Regulatory Constraints
Taxes, currency convertibility, earnings remittance,
employee rights, and other policies that affect cash
flows of a subsidiary established there

Ethical Constraints
There is not consensus on standard of business
conduct that applies to all countries. A business
practice is perceived to be unethical in one country
may be totally ethical in another.

Managing within the

constraints
Using the world wide code whatever
the cost companies have to bear just
to enhance their credibility in the
markets.

Overview of Lecture 01

Course Outline
Types of Businesses
Types of Business Organizations
Formation of Corporations
What is MNC and Goals of MNC
Constraints interfering with the
MNCs Goal
Managing within the constraints

 End of Lecture 01