CB2101Introduction to Managerial Accounting

What you will study

Course overview

This course aims to: 1. provide students with basic knowledge of management accounting for a career in business as well as being a foundation for advanced management accounting courses. Basic management accounting knowledge includes: technical knowledge in identifying, evaluating and computing costs by applying various tools of management and product costing systems for strategic decision-making; preparing reports and analyzing strategic planning and management performance in order to enhance decision making; implementing a competitive strategy using the balanced scorecard; and 2. extend knowledge of inventory valuation gained in CB2100 to cover inventory valuation in a manufacturing company.

Official PDF, page 2 · Abstract

Course content

Management accounting; manufacturing inventory; cost classification, cost behaviour, cost-volume-profit analysis, job- costing system; process costing; activity-based costing; budget; variance analysis; performance measurement; balanced scorecard, short-term decision-making.

Official PDF, page 5 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

               CILOs                                              Weighting (if DEC-A1          DEC-A2          DEC-A3
                                                                  app.)
1              VALUE inventory in a manufacturing company                        x              x
               using normal job-order costing and process
               costing.
2              MAKE business decisions, including:                               x              x
               USE relevant costs in decisions of make or buy,
               accept or reject a special order, drop or keep a
               segment, utilization of a constrained resource;
               APPLY break-even analysis in a single-product
               company to make decisions on pricing, volume
               and cost reduction.
3              CREATE a budget and ANALYZE deviations from                       x              x
               budgeted expenses using analysis of expense
               variances.
4              EXPLAIN how management accounting is used                         x              x
               in performance evaluation.
5              CRITICALLY EVALUATE important recent                              x              x
               innovations in management accounting,
               e.g., activity-based costing and the balanced
               scorecard.
6              APPLY ethical concepts in selected management                     x              x
               accounting situations.

A1: Attitude
Develop an attitude of discovery/innovation/creativity, as demonstrated by students possessing a strong sense of curiosity,
asking questions actively, challenging assumptions or engaging in inquiry together with teachers.

A2: Ability
Develop the ability/skill needed to discover/innovate/create, as demonstrated by students possessing critical thinking skills
to assess ideas, acquiring research skills, synthesizing knowledge across disciplines or applying academic knowledge to
real-life problems.

A3: Accomplishments
Demonstrate accomplishment of discovery/innovation/creativity through producing /constructing creative works/new
artefacts, effective solutions to real-life problems or new processes.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

Nil

Official PDF, page 1 · Prerequisites

Precursors

FB2100/CB2100 Accounting I/Introduction to Financial Accounting

Official PDF, page 1 · Precursors

Corequisites

This edition of the official syllabus does not state this item.

Additional course requirements

Complete official information for this field is not available.

Equivalent courses and conditions

FB2101/AC2101 Accounting II

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

Nil

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous assessment: 50%; Examination: 50%; Examination duration: 3 hours

Assessment breakdown

Assessment task	Weight	Generative AI	Remarks and restrictions
Participation	5%	Not stated in source	Not stated in source row
Online Assignments	15%	Not stated in source	Not stated in source row
Mid-term Test or Quizzes	30%	Not stated in source	Not stated in source row

View the original assessment table and instructions

Assessment Tasks / Activities (ATs)
                      ATs                   CILO No.             Weighting (%)              Remarks ("-" for   Allow Use of
                                                                                            nil entry)         GenAI?
1                     Participation:        1, 2, 3, 4, 5, 6     5                          -                  No
                      Students are
                      required to
                      participate in
                      lecture activities,
                      and tutorial class
                      exercises and
                      discussion.
2                     Online             1, 2, 3, 4, 5, 6        15                         -                  No
                      Assignments*:
                      Students are
                      required to submit
                      weekly online
                      assignments to
                      demonstrate their
                      understanding of
                      the basic concepts
                      and ability to
                      apply managerial
                      accounting
                      knowledge to
                      various decision
                      making situations.


4      CB2101: Introduction to Managerial Accounting




3                       Mid-term Test or      1, 2, 5, 6      30                   -                   No
                        Quizzes:
                        Students will be
                        evaluated their
                        understanding of
                        concepts and their
                        ability to apply
                        related knowledge
                        for the topics
                        taught.

Passing requirements

Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course.

Official PDF, page 4 · Additional Information for ATs