ACN202-Lesson Plan

Lesson plan # 01
Subject: Management Accounting (ACN 202)
Faculty Name: Md. Safiuddin:
Title Introduction to the course
Sub-titles Explanation of the course outline
Course introduction and quick review of managerial accounting concepts
Aim Introduce the fundamental concepts of managerial accounting.
Explain the focus of the course on the accounting function internal to organizations.
Understand managerial accounting, which is concerned with the analysis of and

accounting for costs, managerial planning, decision making and control.
Objectives By the end of the lesson the students will
1) Have a clear idea on the course planning and evaluation basis,

2) Basic concept of managerial accounting.
3) Understand the distinctions among planning, controlling, and decision
making.
Brief 1) Financial accounting

contents 2) Managerial accounting
3) Managerial accounting activities
Key words Financial accounting, Managerial accounting, Planning, Budget, Controlling,

Decision making.
New words Managerial accounting, Budget, Controlling.
Probable 1. What is managerial accounting?

Questions 2. What are the major activities of managerial accounting?
References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

McGraw-Hill Irwin
Lesson plan # 02
LESSON PLAN ACN 202 Page 1

Title Nature of Management Accounting
Sub-titles The work of the management and need for managerial accounting
Aim Describe the nature of managerial accounting,
Explain managerial accounting, which provides some data for financial statements
prepared for external users, has as its primary purpose the development and
presentation of information useful to internal management for decision making,
planning and control.
Objectives By the end of the lesson the students will be able to
1) Describe the nature of managerial accounting.

2) Describe the importance of managerial accounting.
3) Explain the activities of managerial accountant.
Brief 1) Managerial accounting: an overview

contents 2) Planning,
3) Controlling,
4) Decision making,
5) Managerial skills.
Key words Managerial accounting, Planning, Controlling, Decision making, Budget, Business
process, Enterprise risk management, Lean production, Performance report,
Segment, Strategy, Value chain.
New words Planning, Controlling, Decision making, Budget, Business process, Enterprise risk
management, Lean production, Performance report, Segment, Strategy, Value chain.
Probable 1. Describe planning and controlling activities of a manager.

Questions 2. Why is managerial accounting relevant to business majors and their future
careers?
3. Why is managerial accounting relevant to accounting majors and their future
careers?
4. Pick a large company and describe their business strategy.
5. Why do companies prepare budgets?
6. What are the qualitative factors for decision making?
7. Why do companies that implement lean production tend to have minimal
inventories?
8. Why are leadership skills important to managers?

McGraw-Hill Irwin
Lesson plan # 03

Sub-titles Comparison of financial and managerial accounting
Aim Identify the distinctions between two branches of accounting.
1 Explain the differences between financial and managerial accounting.
Brief 1 Users,
contents 2 Time focus,
3 Verifiability Vs. relevance,
4 Precision Vs. timeliness,
5 Requirements,
6 Rules,
7 Subject matter.
Key words Financial accounting, Managerial accounting, Users, Time focus, Verifiability,
Relevance, Timeliness, Precision.
New words Verifiability, Relevance, Timeliness, Precision.
Probable 1. How does managerial accounting differ from financial accounting?

Questions

McGraw-Hill Irwin
Lesson plan # 04

Sub-titles The changing of business environment and professional ethics
Aim Understanding the changes in business environment.
Indicate how to identify and analyze ethical situations.
1 Explain the importance of ethics in business environment,

2 Comprehend how to identify and analyze ethical situations as per the IMA
code of conduct.
Brief 1 An ethical perspective,

contents 2 Code of conduct for Management Accountants
Key words Business environment, Professional ethics, Integrity, Institute of Management

Accountants (IMA), Code of conduct.
New words Ethics, Integrity, Institute of Management Accountants (IMA), Code of conduct.
Probable 1. Why is ethical behavior important to business?

Questions

McGraw-Hill Irwin
Lesson plan # 05

Title Cost Terms and Cost Concepts
Sub-titles General cost classification
Product cost Vs period cost
Aim Describe the cost classifications of manufacturing companies,
Explain the cost classifications for preparing financial statements.
1) Identify and give examples of each of the three basic manufacturing cost
categories,
2) Understand cost classifications used to prepare financial statements: product
cost and period costs.
Brief 1. Manufacturing costs,

contents 2. Non-manufacturing costs,
3. Period costs,
4. Product costs.
Key words Manufacturing costs, Direct materials, Direct labor, Manufacturing overhead, Non-
manufacturing costs, Product costs, Period costs.
New words Manufacturing costs, Direct materials, Direct labor, Manufacturing overhead, Non-
manufacturing costs, Product costs, Period costs.
Probable 1. Identify costs as manufacturing or non-manufacturing costs,

Questions 2. Identify costs as period or product costs.

McGraw-Hill Irwin
Lesson plan # 06

Sub-titles Cost classification on financial statements Product cost flow.
Aim 1) Explain costs classifications for assigning costs to cost objects.

2) Describe prime cost and conversion cost.
1) Identify direct costs and indirect costs as per cost objects.

2) Calculate prime cost and conversion cost for a manufacturing concern.
Brief 1. Direct cost,

contents 2. Indirect cost,
3. Prime cost,
4. Conversion cost.
Key words Cost object, Direct cost, Indirect cost, Prime cost, Conversion cost.
New words Cost object, Direct cost, Indirect cost, Prime cost, Conversion cost.
Probable 1. Identify direct or indirect cost as per cost object,

Questions 2. Calculate prime cost, and conversion cost.

McGraw-Hill Irwin
Lesson plan # 07

Sub-titles Predicting cost behavior and decision making
Aim Describe cost classifications for predicting cost behavior,

Explain linearity assumption and relevant range,
Explain differential cost and revenue for decision making
Explain opportunity cost and sunk cost for decision making
1) Understand cost classifications used to predict cost behavior: variable costs,

fixed costs, and mixed costs.
2) Understand cost classifications used in making decisions: differential costs,
opportunity costs, and sunk costs.
Brief 1. Variable cost

contents 2. Fixed cost
3. Linearity assumption
4. Relevant range
5. Differential cost and revenue
6. Opportunity cost
7. Sunk cost
Key words Variable cost, Fixed cost, Common fixed costs, Discretionary fixed costs, Linear
cost behavior, Relevant range, Differential cost, Differential revenue, Opportunity
cost, Sunk cost.
New words Common fixed costs, Discretionary fixed costs, Linear cost behavior, Relevant
range, The high low method, Differential cost, Differential revenue, Opportunity
cost, Sunk cost.
Probable 1. Identify variable and fixed costs,

Questions 2. Identify differential, opportunity and sunk costs.

McGraw-Hill Irwin
Lesson plan # 08

Title Cost Behavior and CVP analysis
Sub-titles Types of cost behavior patterns
The analysis of mixed costs and the contribution format of income statement
Aim Analyzing mixed costs

Implementing high low method to diagnose cost behavior
Explain traditional and contribution format of Income statement
1. Analyze a mixed cost using the high low method,

2. Prepare income statement for a merchandising company using the traditional
and contribution format.
Brief 1. Mixed cost

contents 2. The high low method
3. Traditional and contribution format income statement
Key words Mixed cost, The high low method, Contribution format income statement,
New words Mixed cost, The high low method, Contribution format income statement,
Probable 1. Using high low method analyze a mixed cost.

Questions 2. Prepare traditional and contribution format income statement

McGraw-Hill Irwin
Lesson plan # 09

Sub-titles CVP relationship
Aim To explain the basic concepts of cost-volume and profit relationships.
1) Explain how changes in activity affect contribution margin and net operating
income.
2) Prepare and interpret a cost-volume-profit (CVP) graph and a profit graph
3) Use the CM ratio to compute changes in contribution margin and net
operating income resulting from change in sales volume.
4) Show the effects on net operating income of change in variable costs, fixed
costs, selling price, and volume.
5) Determine the level of sales needed to achieve a desired target profit.
6) Compute the degree of operating leverage at a particular level of sales and
explain how it can be used to predict change in net operating income.
Brief 1. Contribution margin

contents 2. CVP relationships in equation form
3. CVP relationships in graphical form
4. Contribution margin ratio (CM Ratio)
5. Changes in fixed cost and sales volume
6. Changes in variable costs and sales volume
7. Change in fixed cost, selling price, and sales volume
8. Change in variable cost, fixed cost, and sales volume
9. Change in selling price
10. Target profit analysis- the equation method
11. Target profit analysis- the formula method
12. Target profit analysis in terms of dollar sales
13. Cost structure and profit stability
14. Operating leverage
Key words Cost-Volume-Profit (CVP) , CM ratio, CVP graph, Degree of operating leverage,
Incremental analysis, Target profit analysis, Variable expense ratio.
New words Cost-Volume-Profit (CVP) , CM ratio, CVP graph, Degree of operating leverage,
Incremental analysis, Target profit analysis, Variable expense ratio.
Probable 1. Prepare contribution format income statement under different sales volume.
Questions 2. Compute CM ratio and use the CM ratio to estimate the changes in net
operating income.
3. Compute the effect of the changes in variable cost, fixed cost, selling price
and volume on net operating income.
4. Compute the level of sales required to attain a target profit using equation or
formula method.
5. Compute and use the degree of operating leverage.

McGraw-Hill Irwin
Lesson plan # 10

Sub-titles Break even analysis
The concept of sales mix
Aim To explain break-even point in units and in dollar sales.

To analyze basic concept of sales mix.
1) Determine the break- even point

2) Compute the margin of safety and explain it significance.
3) Compute the break-even point for a multiproduct company and explain the
effects of shifts in the sales mix on contribution margin and the break-even
point.
Brief 1. Break- even analysis- the equation method

contents 2. Break- even analysis- the formula method
3. Break- even in dollar sales
4. Structuring sales commission
5. The definition of sales mix
6. Sales mix and break-even analysis
Key words Break-even point, Margin of safety, Sales mix.
New words Break-even point, Margin of safety, Sales mix.
Probable 1. Compute the break-even point for a multiproduct company.

Questions 2. Compute break-even point using equation method or formula method.
3. Compute the margin of safety, and margin of safely rate.

McGraw-Hill Irwin
Lesson plan # 11

Title Absorption and Variable Costing
Sub-titles Overview of absorption and variable costing
Aim Describe the two costing method for product cost calculation.
1) Explain how variable costing differs from absorption costing and compute
unit product costs under each method.
Brief 1. Variable costing.

contents 2. Absorption costing
3. Selling and administrative expense
Key words Variable costing, absorption costing
New words Variable costing, absorption costing
Probable 1. Calculate unit product cost under variable costing method.

Questions 2. Calculate unit product cost under absorption costing method.

McGraw-Hill Irwin
Lesson plan # 12

Sub-titles Effect of changes in production on net operating income
Aim Understand the effect of changes in product on net operating income under variable
and absorption costing.
1) Prepare income statements using both variable and absorption costing.

2) Reconcile variable costing and absorption costing net operating income and
explain why the two amounts differ.
3) Prepare a segmented income statement that differentiates traceable fixed
costs from common fixed costs and use it to make decisions.
4) Compute companywide and segment break-even points for a company with
traceable fixed costs.
Brief 1. Variable costing contribution format income statement

contents 2. Absorption costing income statement
3. Reconciliation of variable costing with absorption costing income
Key words Contribution format income statement, traditional format income statement,
Reconciliation report.
New words Reconciliation report.
Probable 1. Prepare an income statement under variable costing

Questions 2. Prepare an income statement under absorption costing
3. Reconcile and explain the differences between variable and absorption
costing net operating income
4. Prepare segmented income statement

McGraw-Hill Irwin
Lesson plan # 13

Sub-titles Choosing a costing method
Aim Explain how to choose a costing method.
1) Describe how to choose between variable and absorption costing method
Brief 1. Advantages of variable costing and the contribution approach

contents 2. Enabling CVP analysis
3. Explaining changes in net operating income
4. Supporting decision making
5. Companywide income statement
6. Segmented financial information
Key words Variable costing method, Absorption costing method.
New words None
Probable 1. Explain the advantages and limitations of variable costing method

Questions 2. Explain the advantages and limitations of absorption costing method

McGraw-Hill Irwin
Lesson plan # 14
Title Midterm Examination

Sub-titles Midterm Examination
Aim Midterm Examination: Assess Knowledge of students and their ability to

demonstrate and solve problems on managerial accounting: overview and cost
concepts, cost-volume-profit relationships, variable costing and segment reporting.
Objectives Midterm Examination: Assess Knowledge of students and their ability to

demonstrate and solve problems on managerial accounting: overview and cost
concepts, cost-volume-profit relationships, variable costing and segment reporting.
Brief 1. Chapter 1: Managerial accounting: an overview,

contents 2. Chapter 2: Managerial accounting and cost concepts,
3. Chapter 5: Cost- volume- profit relationships,
4. Chapter 6: Variable costing and segment reporting: tools for management.
Key words Managerial accounting, Cost concept, CVP relationships, Absorption costing,
Variable costing
New words None.
Probable Midterm Question Paper based on Chapters 1, 2, 5, and 6.

Questions

McGraw-Hill Irwin
Lesson plan # 15
Title Profit Planning

Sub-titles Basic framework of budgeting
Aim Explain the basic framework to prepare budgets
1) Explain on the concept of budget

2) Understand budgeting
3) Identify budgeted period
4) Understand the limitations of budgets
Brief 1. What is a budget

contents 2. Advantages of budgeting
3. Responsibility accounting
4. Choosing a budget period
5. The self imposed budget
6. Human factors in budgeting
Key words Budget, Responsibility accounting, Operating budget, Continuous budget.
New words Responsibility accounting, Operating budget, Continuous budget.
Probable 1. What is budget?

Questions 2. How human factor affects budgeting?
3. What is responsibility accounting?
4. What are the advantages of budgeting?

McGraw-Hill Irwin
Lesson plan # 16

Sub-titles Preparing the master budget
Aim Explain the preparation of master budget.
1) Understand master budget

2) Prepare a sales budget
3) Calculate the schedule for expected cash collection
4) Understand production budget factors
5) Prepare a merchandise purchase budget
Brief 1. The master budget

contents 2. The beginning balance sheet
3. The budgeting assumptions
4. The sales budget
5. The production budget
6. Inventory purchases- merchandising company
Key words Master budget, Sales budget, Production budget, Merchandise purchase budget.
New words Sales budget, Production budget, Merchandise purchase budget.
Probable 1. Prepare a sales budget,

Questions 2. Prepare a schedule of expected cash collections
3. Prepare a production budget
4. Prepare a merchandise purchase budget.

McGraw-Hill Irwin
Lesson plan # 17

1) Explain a direct material budget preparation

2) Understand direct labor budget
3) Prepare manufacturing overheard budget
4) Describe the inventory budget
5) Prepare a selling and administrative budget
Brief 1. The direct materials budget

contents 2. The direct labor budget
3. The manufacturing overhead budget
4. The ending finished goods inventory budget
5. The selling and administrative expense budget
Key words Direct material budget, Direct labor budget, Manufacturing overhead budget,
Finished goods inventory budget, Selling and administrative budget.
New words Direct material budget, Direct labor budget, Manufacturing overhead budget,
Finished goods inventory budget, Selling and administrative budget.
Probable 1. Prepare a direct material budget

Questions 2. Prepare a direct labor budget
3. Prepare a manufacturing overhead budget
4. Determine the manufacturing overhead rate
5. Prepare a inventory budget
6. Prepare a selling and administrative budget.

McGraw-Hill Irwin
Lesson plan # 18

1) Understand and prepare a cash budget

2) Complete a budgeted income statement and budgeted balance sheet for a
company.
Brief 1. The cash budget

contents 2. The budgeted income statement
3. The budgeting balance sheet
Key words Cash budget, Budgeted income statement, Budgeted balance sheet.
New words Cash budget, Budgeted income statement, Budgeted balance sheet.
Probable 1. Prepare a cash budget and analyze company’s cash need

Questions 2. Prepare a budgeted income statement
3. Prepare a budgeted balance sheet.

McGraw-Hill Irwin
Lesson plan # 19

Title Standard Costs, Flexible Budgets & Variance Analysis
Sub-titles Setting standard cost
General model for standard cost
Aim Understanding the importance of setting standard cost and usage of the general
model for standard cost.
1) Understand the standard cost for quantity and price set for direct materials
2) Explain the standard hour and efficiency for direct labors
3) Describe the standard set for variable overhead.
Brief 1. Setting direct material standards

contents 2. Setting direct labor standards
3. Setting variable manufacturing overhead standards
4. Using standards in flexible budgets
5. General model for standard cost variance analysis
Key words Standard cost, Direct material standard, Direct labor standard, Variable
manufacturing overhead standard.
New words Standard cost.
Probable 1. How to set standard costs for material quantity and price, labor hour and
Questions efficiency, and variable overhead rate and efficiency.

McGraw-Hill Irwin
Lesson plan # 20

Sub-titles Using standard cost for Direct Material
Direct Labor
Variable Manufacturing Overhead
Aim Explain the usage of standard cost for material, labor and variable overhead to
analyze variances.
1) Explain the quantity variance for direct material

2) Understand the price variance for direct material
3) Describe the rate and efficiency variance for direct labor
4) Explain the rate and efficiency variance for variable manufacturing
overheard.
Brief 1. Using standard cost-direct material variances

contents 2. Using standard cost- direct labor variances
3. Using standard costs- variable manufacturing overhead variances
4. Advantages of standard costs
5. Potential problems with standard costs.
Key words Material price variance, Material quantity variance, Labor rate variance, Labor
efficiency variance, variable overhead rate variance, variable overhead efficiency
variance.
New words None
Probable 1. Calculate the direct material price and quantity variances

Questions 2. Calculate the direct labor rate and efficiency variances
3. Calculate the variable overhead rate and efficiency variances

McGraw-Hill Irwin
Lesson plan # 21

Sub-titles Flexible budget
Variable Overhead Variance
Fixed Overhead Variance
Aim Describe the establishment of flexible budget and calculating the variance.
1. Prepare a flexible budget

2. Prepare a report showing activity variances
3. Prepare a report showing revenue and spending variance.
4. Prepare a performance report that combines activity variances and revenue
and spending variances.
Brief 1. The variance analysis cycle

contents 2. Characteristics of a flexible budget
3. Deficiencies of the static planning budget
4. How a flexible budget works
5. Activity variances
6. Revenue and spending variances
7. A performance report combining activity and revenue and spending
variances
Key words Activity variance, Flexible budget, Planning budget, Revenue variance, Spending
variance, Performance report.
New words Activity variance, Flexible budget, Planning budget, Revenue variance, Spending
variance, Performance report.
Probable 1. Prepare a static planning budget.

Questions 2. Prepare a flexible budget.
3. Prepare an activity variance report.
4. Prepare a revenue and spending variance report.
5. Prepare a flexible budget performance report.
6. How to explain the favorable and unfavorable variances.

McGraw-Hill Irwin
Lesson plan # 22

Title Relevant cost for decision making
Sub-titles Cost concepts for decision making
Aim Explain different cost concepts relevant to make effective management decision.
1) Identify relevant and irrelevant costs and benefits in a decision,

2) Explain different costs for different purposes,
3) Understanding reconciliation of total and differential approaches,
4) Understand why relevant costs are isolated.
Brief Identifying relevant costs and benefits

contents
Different costs for different purposes
An example of identifying relevant costs and benefits
Reconciling the total and differential approach
Why isolate relevant costs
Key words Avoidable cost, Differential cot, Differential revenue, Joint costs, opportunity cost,
Relevant benefit, Relevant cost, Sunk cost.
New words Avoidable cost, Differential cot, Differential revenue, Joint costs, Relevant benefit,
Relevant cost.
Probable 1. Identify relevant costs for decision making.

Questions 2. Identify relevant benefits for decision making.

McGraw-Hill Irwin
Lesson plan # 23

Sub-titles Adding and dropping product lines
Aim Understand how to make decisions about adding or dropping product lines, and other
segments.
1) Identify the avoidable cost and unavoidable costs.

2) Prepare an analysis showing whether a product line or other business
segment should be added or dropped.
Brief An illustration of cost analysis

contents
A comparative format
Beware of allocated fixed costs
Key words Avoidable costs, Differential cot, Differential revenue, Relevant benefit, Relevant
cost.
New words Relevant benefit, Relevant cost.
Probable 1. Should a product line or segment be discontinued?

Questions 2. Recast income statement data into segmented income statement to be more
useful by the management in assessing the profitability of the various product
lines.

McGraw-Hill Irwin
Lesson plan # 24
Sub-titles Make or buy decision
Special order

Utilization of constrained resources
Sell & further process
Aim Understand how to decide on making or buying a component for an organization.

Understand when to accept a special order.
Explain how to analyze profitability utilizing constraint resources.
Describe the process of making the decision of selling a product at split off point or
after further processing.
1) Prepare a make or buy decision.

2) Prepare an analysis showing whether a special order should be accepted.
3) Determine the most profitable use of a constraint resource.
4) Prepare an analysis showing whether joint products should be sold at the
split-off point or processed further.
Brief 1. Strategic aspects of the make or buy decision

contents 2. An example of make or buy decision
3. Special orders
4. What is constraint?
5. Contribution margin per unit of the constrained resource
6. Managing constraints
7. The problem of multiple constraints
8. The pitfalls of allocation
9. Sell or process further decision
Key words Avoidable cost, Bottleneck, Constraint, Differential cot, Differential revenue, Joint
costs, Make or buy decision, opportunity cost, Relaxing the constraint, Relevant
benefit, Relevant cost, Sell or process further, Special order, Split-off point, Sunk
cost.
New words Joint costs, Make or buy decision, Relaxing the constraint, Relevant benefit,
Relevant cost, Sell or process further, Special order, Split-off point.
Probable 1. Should a company produce the material or outside supplier’s offer be

Questions accepted?
2. Should a special order be accepted at a special price?
3. Which product would be most profitable or least profitable use of the
constraint?
4. Which product or products should be sold at the split-off point and which
product or products should be processed further?

McGraw-Hill Irwin
Lesson plan # 25
Title Revision

Sub-titles Revision on Chapters 8, 9, 10, and 12.
Aim Briefly revise on the contents of final examination.
1) Understand and demonstrate all the contents and problems listed for final
examination.
Brief 1. Chapter 8: Master budgeting,

contents 2. Chapter 9: Flexible budgets and performance analysis,
3. Chapter 10: Standard costs and variances,
4. Chapter 12: Differential analysis: the key to decision making.
Key words Master budgeting, Flexible budgets, Performance Analysis, Standard costs,
Variances, Differential analysis.
New words None
Probable All questions based on the chapters 8, 9, 10, and 12

Questions

McGraw-Hill Irwin
Lesson plan # 26
Title Final Examination

Sub-titles Final Examination
Aim Final Examination: Assess knowledge of students and their ability to demonstrate
and solve problems on master budgeting, flexible budgets and performance analysis,
standard costs and variances, and differential analysis.
Objectives Final Examination: Assess knowledge of students and their ability to demonstrate
and solve problems on master budgeting, flexible budgets and performance analysis,
standard costs and variances, and differential analysis.
Brief 1. Chapter 8: Master budgeting,

contents 2. Chapter 9: Flexible budgets and performance analysis,
3. Chapter 10: Standard costs and variances,
4. Chapter 12: Differential analysis: the key to decision making.
Key words Master budgeting, Flexible budgets, Performance Analysis, Standard costs,
Variances, Differential analysis.
New words None.
Probable Final Question Paper based on the chapters 8, 9, 10, and 12.
Questions

McGraw-Hill Irwin

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Lesson plan # 01

Subject: Management Accounting (ACN 202)

Faculty Name: Md. Safiuddin:

Title Introduction to the course

Sub-titles Explanation of the course outline

Course introduction and quick review of managerial accounting concepts

Aim Introduce the fundamental concepts of managerial accounting.

Understand managerial accounting, which is concerned with the analysis of and

Objectives By the end of the lesson the students will

1) Have a clear idea on the course planning and evaluation basis,

Brief 1) Financial accounting

Key words Financial accounting, Managerial accounting, Planning, Budget, Controlling,

New words Managerial accounting, Budget, Controlling.

Probable 1. What is managerial accounting?

References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

LESSON PLAN ACN 202 Page 1

Faculty Name: Md. Safiuddin:

Title Nature of Management Accounting

Aim Describe the nature of managerial accounting,

Objectives By the end of the lesson the students will be able to

1) Describe the nature of managerial accounting.

Brief 1) Managerial accounting: an overview

Probable 1. Describe planning and controlling activities of a manager.

References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

LESSON PLAN ACN 202 Page 2

Faculty Name: Md. Safiuddin:

Title Nature of Management Accounting

Sub-titles Comparison of financial and managerial accounting

Aim Identify the distinctions between two branches of accounting.

Objectives By the end of the lesson the students will be able to

1 Explain the differences between financial and managerial accounting.

New words Verifiability, Relevance, Timeliness, Precision.

Probable 1. How does managerial accounting differ from financial accounting?

References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

LESSON PLAN ACN 202 Page 3

Faculty Name: Md. Safiuddin:

Title Nature of Management Accounting

Sub-titles The changing of business environment and professional ethics

Aim Understanding the changes in business environment.

Indicate how to identify and analyze ethical situations.

Objectives By the end of the lesson the students will be able to

1 Explain the importance of ethics in business environment,

Brief 1 An ethical perspective,

Key words Business environment, Professional ethics, Integrity, Institute of Management

Probable 1. Why is ethical behavior important to business?

References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

LESSON PLAN ACN 202 Page 4

Faculty Name: Md. Safiuddin:

Title Cost Terms and Cost Concepts

Sub-titles General cost classification

Product cost Vs period cost

Aim Describe the cost classifications of manufacturing companies,

Explain the cost classifications for preparing financial statements.

Objectives By the end of the lesson the students will be able to

Brief 1. Manufacturing costs,

Probable 1. Identify costs as manufacturing or non-manufacturing costs,

References “Managerial Accounting” by Garrison, Noreen and Brewer, 15th Edition,

LESSON PLAN ACN 202 Page 5

Faculty Name: Md. Safiuddin:

Title Cost Terms and Cost Concepts

Sub-titles Cost classification on financial statements Product cost flow.

Aim 1) Explain costs classifications for assigning costs to cost objects.

Objectives By the end of the lesson the students will be able to