MANCOSA Cost and Management Accounting lecture notes
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Course
Cost and management accounting
Institution
Management College Of Southern Africa (MANCOSA)
Also called management accounting and finance 2a .These notes covered all the units in my semester from 1 to 12and it has exercises and examples and summaries.
COST AND MANAGEMENT ACCOUNTING
(MANAGEMENT ACCOUNTING & FINANCE 2A)
, THE SCOPE OF THE MANAGEMENT ACCOUNTING & FINAN
MODULE
RELEVANT COSTS FOR SHORT-TERM DECISION-MAKING
BUDGETS & BUDGETARY CONTROL
ACTIVITY-BASED COSTING
JOINT AND BY-PRODUCT COSTING The MAF2A
PROCESS COSTING module comprises
12 learning units
JOB COSTING
COST-VOLUME-PROFIT ANALYSIS
COST ELEMENTS: OVERHEAD
COST ELEMENTS: LABOUR
COST ELEMENTS: MATERIAL/INVENTORY
COST TERMINOLOGIES & COST CLASSIFICATION
THE CONTEXT OF COSTING
, MANAGEMENT ACCOUNTING & FINANCE 2A MODULE
OUTCOMES
On successful completion of the module, you should be able to:
Display an Evaluate cost- Analyse cost data for
understanding of the key volume-profit decision making
concepts in cost relationships for
accounting decision making
2 4 6
1 3 5
Apply various costing Describe the nature Use the activity-based
systems including Job and purpose of (ABC) model to measure
costing & contract budgeting and the costs of activities
costing; process budgetary control
costing; & joint and by-
product costing
systems
, OVERVIEW OF THE MODULE
The module is made up of 12 extensive learning units
Primarily Cost Accounting
T & L is based on the flipped classroom approach:
o The materials for the next webinar will be uploaded ahead of the webinar.
o Please read the relevant units of the Module Guide plus the PowerPoint slid
each webinar
The KCQ assessment is based on the first 30% of the curriculum: U1– U5;
The Case Study assessment on the first 50% of the curriculum: U1– U7;
The OSA is based on the entire curriculum;
Make use of all the available online resources: videos; discussion questions
The best answers move beyond the factual (e.g. “Return on Sales = 2.0
analytic (e.g. “Return on Sales grew from 1.3% to 2.0 %”) to the evalua
“Although return on Sales of 2.0 %” might appear to be low, the high asset tur
leverage resulted in an excellent Return on Equity of 20%).
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