Course Objectives:

Objective of cost and management accounting to familarize the students with planning, costing and controling the flow of costs in organizational contexts.  Objectives of studing this course include the preparation of budgets, predetermined cost estimates, learning about cost accumulation procedures,conduct of variance analysis,  preparation of cost and  performance reports.     

Course Contents in Brief:

Cost and management accounting course is designed to teach students of business administration about the basic concepts of cost; cost classification; cost accounting sytem design and organization; cost accoumulations procedures for job order costing and process costing; accounting of manufacuring cylce; costing and control of material, labour and factory overhead; absorption costing, variable costing and activity based costing approaches; cost planning and control. Preparation of budgets, measurement of acutal cost of objects, calculation of variances, conduct of cost analysis for decision making and preparation of cost performacne reports for the management decision making pupose.

Pre-requisite: No

Recommended Texts:

1. Matz and Usary: Cost Accounting Planing and Control.  

2. Garison Noreen: Managerial Accounting

3. Sohail Afzal: Cost Accounting 

Evaluation System: 

     Mid Term: 30% Marks

     Final Term: 50% Marks

     Sessoinals: 20% Marks

Class Timings: 

     Wednesday and Friday: 9.30 am to 11:00 am