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Course Code : Course Title :

BAC 3674 Advanced Management Accounting Trimester 1 2013-2014 Degree 4 BAC2624 Management Accounting 2 The assessments for this course will consist as follows: 1 group assignment with presentation Mid semester examination Final examination Total 20% 15% 65% 100%

Course Status : Stage :

Credit Hours : Prerequisite :

Assessments :

Group assignments: Students must retain a copy of the assignment submitted and class presentation will be made during tutorial sessions. This assignment must be attached to a Group Assignment Cover Sheet which must be signed and dated by the group leader before submission. Each group should have between 1 4 group members. Your assignment should be using Times New Roman font with 12-point size and 1.5 lines spacing. You are required to include a bibliography/list of references for this assignment. Penalty will be given for any late submission.

Mid semester examination: Date: TBA Time: 1 hour 30 minutes Venue: TBA COURSE OBJECTIVES: To provide sufficient intellectual exposures to the students with the advanced or strategic knowledge in cost management decisions. To enable the students to grasp complex and critical organizational environments being influenced by the externalities and to cope with these by nurturing and shaping sophisticated psychological behavior that may have impacts on accounting measurements. To prepare the students for becoming future accountants in line with the professional standards as set forth by MIA and the global accounting leaders such as ACCA, CIMA, AICPA and CPA Australia. To equip the students with the advanced statistical and mathematical exposures to the cost estimation process and to assist the students to understand the stakeholder and/or public interests, integrity, corporate and social responsibility and the strategic ways to managing business in the highly competitive and challenging environment. To grow good communication skills in interpreting and discussing the results of the advanced calculations.

TEACHING AND LEARNING ACTIVITIES Lectures: One (three-hour) lecture per week

The topics covered in lectures, together with the class exercises to discuss in classes, are set out in the weekly schedule below. Tutorials: One (one-hour) tutorial per week

A number of questions, exercises, and problems have been given and uploaded on a weekly basis. These questions are to be found at the end of the textbook chapter. Students are required to prepare those exercises and problems before attending the tutorial classes.

LECTURE AND TUTORIAL SCHEDULE Readings (Chapters) Lecture Topics Hilton 2 10/6/2013 Cost Management and Strategic Decision Making Evaluating Opportunities and Leading Change Strategic Role of Cost Management Characteristics of Cost Management and Cost Management Analysts Formulation of Strategic Action Plans Ethical Standards Evaluation of Plans and Outcomes Strategic Decision Making Process Examples of Common Decisions: Outsource, or Add or Drop a Product, or Service, or Business Unit Pricing Decisions High-Performance-Based Cost Estimation by Using Statistical and Mathematical Techniques Reasons for Estimating Costs Simple and Complex Models: Single or Multiple Cost Drivers and Complex Cost Behavior Cost-Estimation Methods Statistical Cost Estimation Using Simple and Multiple Regression Analysis and use of mathematical equation High-and-Low Method, Account Analysis Method and Engineering Method Comparison of the Methods and Estimates Use of the Results and Analytical Perspectives Outsourcing Decision, Costs and Benefits of Product Variety Ethical issues related to cost-estimation 1 and 13 Raiborn 12 Blocher 1 and 11

Week No.

Week Begin




Managing Costs and Uncertainty Cost-Control Systems Understanding Cost Changes Cost Containment Cost Avoidance and Reduction Committed Fixed Costs Discretionary Costs Cash Management Supply-Chain Management Coping with Uncertainty Advanced Application of Activity-Based Costing Systems Steps included in Computing Costs under ABC and Traditional Costing and evaluate their differential results and Implications on Businesses and Competition Product and Consumer Profitability Estimation of Costs of New Products Using ABC Usage of ABC in Service-Oriented and Merchandising Companies Critical Analysis of the Costs and Benefits of Using ABC Strategic Application of Activity-Based Management Strategic Importance of Activity-Based Information ABC as the Foundation of Process Improvement Combining ABC and Target Costing for Strategic Decisions Importance of Customer-Perceived Value Tasks Required By Activity-Based Management (ABM) Identification of Process Improvement Opportunities Capacity Utilisation Strategic Implementation of ABC and ABM Strategic Budgeting and Financial Planning Strategic Planning: Achieving and








Competitive Advantage Key purposes of Budgeting Systems Usage of the Varieties of Budgets and Strategic Comparison International Aspects of Budgeting Activity-Based Budgeting Illustrating the Master Budget Responsibility for Budget Administration Behavioral Implication of Budgets Contemporary Issues in Budgeting and Financial Planning


MID SEMESTER EXAMINATION Performance Measurement, Balanced Scorecard, and Performance Rewards Organizational Role of Performance Measures Designing a Performance Measurement System Short-Term Financial Performance Measures for Management Non-Financial Performance Measures Using a Balanced Scorecard for Measuring Performance Performance Evaluation in Multinational Settings Compensation Strategy and Pay-for-Performance Plans Links between Performance Measures and Rewards Strategic Aspects of Responsibility Accounting, Support Department Cost Allocations, and Transfer Pricing Decentralization Responsibility Accounting Systems Types of Responsibility Centers and their Strategic Analysis Support Department Cost Allocation Service Department Cost Allocation Illustration






18 and 19


18 and 19

Transfer Pricing Transfer Prices in Multinational Settings



Implementing Quality Concepts Defining the Concept of Quality Benchmarking Total-Quality Management (TQM) Types of Quality Costs Measuring the Costs of Quality Obtaining Information about Quality from the BSC and CMS Quality as an Organizational Culture Inventory and Production Management Important Relationships in the Value Chain Buying or Producing and Carrying Inventory Understanding and Managing Production Activities and Costs Changes Needed to Implement JIT Manufacturing Logistics of the JIT Environment Strategic Issues in Making Investment Decisions Strategic Investments Discounted Cash Flow Analysis Future Actions of Competitors Real Option Value Analysis Legal and Ethical Issues in Strategic Investment Analysis Emerging Management Practices The Changing Workplace Business Process Reengineering Downsizing, Layoffs, and Restructuring Workplace Diversity Enterprise Resource Planning Systems













Text books:

Strategic Alliances Open-Book Management Environmental Management Systems

1) Hilton, R.W., Maher, M.W. & Selto, F.H. (2008), Cost Management: Strategies for Business Decisions (4th ed.), McGraw-Hill 2) Raiborn, C.A., & Kinney, M.R. (2009), Cost Accounting: Foundations and Evolutions (7th ed.), Cengage Learning 3) Blocher, E.J., Stout, D.E. Juras, P.E. & Cokins, G. (2013), Cost Management: A Strategic Emphasis (6th ed.), McGGraw-Hill Reference Books: Seal, W., Ray, H., Garrison, R.H. & Noreen, E.W. (2006), Management Accounting (2nd ed.), McGraw-Hill Kaplan, R.S., and Atkinson, A. (1998), Advanced Management Accounting (3rd ed), Prentice Hall, New Jersey Hirsch M.L., (2006), Advanced Management Accounting (2nd ed.), Thomson Learning. Horngren C.T., Foster, G. & Datar, S.M. (2000), Cost Accounting: A Managerial Emphasis (10th ed.), Prentice Hall Weygandt, Kieso, Kimmel (2005), Managerial Accounting, Tools for Business Decision Making (3rd ed.), John Wiley & Sons, Inc. 6) Atkinson, Banker, Kaplan & Young (2001), Management Accounting (3rd Ed.), Prentice Hall 7) Drury, C. (2004), Management and Cost Accounting (6th ed.), Thomson Learning 8) Hilton, R. W. (2002), Managerial Accounting Creating Value in a Dynamic Business Environment (5th ed.), McGraw Hill 9) Horngren, Sundem & Stratton (2005), Introduction to Management Accounting (13th ed.), Prentice Hall 10) Emmanuel, C.R., Otley D.T. & Merchant K. (1990), Accounting for Management Control, Chapman and Hall, London. 11) Atkinson, A., Kaplan, R., Matsumura, E. M. and Young, M. (2012), Management Accounting: Information for Decision Making and Strategy Execution (6th ed.), Pearson. 1) 2) 3) 4) 5) LECTURER

Hamsatulazura Hamzah Room: 3004, Level 3, FOM Block Tel: 03-83125853 Email: hamsatulazura.hamzah@mmu.edu.my Facebook: hamsatulazura.hamzah@facebook.com