Maf151 Assignment

The DIA programme has been designed with the objective of training Bumiputera in the filed of accountancy at a sub professional level. This course is offered at 9 branch campuses throughout the country.  Please visit the respective website for more information.

• Sg. Petani, Kedah•  Machang, Kelantan• Segamat, Johor
• Tapah, Perak•  Kota Samarahan, Sarawak• Jengka, Pahang
• Alor Gajah, Melaka•  Kota Kinabalu,Sabah• Dungun, Terengganu

The duration of the full-time course and part time course are 2½ and 4 years respectively.  Part time programme is run by  Neo Education (InED) UiTM.


ENTRY REQUIREMENTS

COURSE STRUCTURE

The DIA programme is divided into 5 semesters with the emphasis on inter-disciplinary approach to accounting.  Thirty six subjects must be completed to earn the Diploma.

Opportunities for Further Studies

DIA graduates with good academic results may further their studies at any local or foreign institution of higher learning.  Among the courses available are:

  • Bachelor in accountancy (Hons.) (UiTM)
  • Bachelor in Accountancy (Local/Foreign Universities)
  • Professional courses (MICPA, ACCA and CIMA)

The DIA qualification has been recognized by the Government of Malaysia as a sub-professional qualification.

BilKod KursusKeterangan KursusUnit Kredit
1CTU101FUNDAMENTALS OF ISLAM2.00
2ECO162MICROECONOMICS3.00
3ELC120INTEGRATED LANGUANGE SKILLS: LISTENING3.00
4FAR110FINANCIAL ACCOUNTING 13.00
5HBU111NATIONAL KESATRIA 11.00
6MAT112BUSINESS MATHEMATICS3.00
7MGT153INTRODUCTION TO BUSINESS3.00
BilKod KursusKeterangan KursusUnit Kredit
1CTU151ISLAMIC THOUGHT AND CIVILIZATION2.00
2ELC150INTEGRATED LANGUAGE SKILLS: READING3.00
3FAR160FINANCIAL ACCOUNTING 23.00
4HBU121NATIONAL KESATRIA II1.00
5MAF151FUNDAMENTAL COST ACCOUNTING3.00
6MGT162FUNDAMENTALS OF MANAGEMENT3.00
7STA104INTRODUCTION TO STATISTICS3.00
BilKod KursusKeterangan KursusUnit Kredit
1AIS205COMPUTERISED ACCOUNTING3.00
2CTU231FUNDAMENTAL OF ISLAMIC ACCOUNTING2.00
3ELC230INTEGRATED LANGUAGE SKILLS: WRITING3.00
4FAR210FINANCIAL ACCOUNTING 33.00
5HBU131NATIONAL KESATRIA III1.00
6LAW240INTRODUCTION TO COMMERCIAL LAW3.00
7MAF201COST AND MANAGEMENT ACCOUNTING 13.00
BilKod KursusKeterangan KursusUnit Kredit
1ECO211MACROECONOMICS3.00
2FAR270FINANCIAL ACCOUNTING 43.00
3LAW346INTRODUCTION TO PARTNERSHIP AND COMPANY LAW3.00
4MAF251COST AND MANAGEMENT ACCOUNTING3.00
5MAF253FUNDAMENTAL FINANCIAL MANAGEMENT3.00
6TAX267TAXTION 13.00
BilKod KursusKeterangan KursusUnit Kredit
1AUD339AUDITING3.00
2ENT300FUNDAMENTALS OF ENTREPRENEURSHIP3.00
3FAR320FINANCIAL ACCOUNTING 53.00
4FAR340FINANCIAL STATEMENT ANALYSIS3.00
5MKT243FUNDAMENTALS OF MARKETING3.00
6TAX317TAXATION 23.00

We have tried to illustrate that cost information is not just for cost accountants. Indeed, it affects virtually every aspect of business operations. At Brice, the savings from purchasing inexpensive materials made the purchasing department look good but created
cost overruns and other problems throughout the organization. While a cost accounting system does not solve such problems, it can bring the many dimensions of the problem promptly to management’s attention.

Summary of Cost Variances For your convenience, the six cost variances discussed in this chapter are summarized on the following page.

A Final Note: JIT Systems and Variance Analysis

A JIT approach, as discussed in Chapter IS-, can reduce or eliminate many unfavorable cost variances, For instance, long-term pricing agreements with a select group of suppliers can virtually eliminate materials price variances. Material usage variances caused. by defective materials also may be minimized. Should a batch of inferior materials be encojmtcred, the production process is halted and the supplier is contacted to resolve the problem immediately. Thus, rather than discovering quality control problems after the fact, a JIT system makes it possible to detect and’ correct quality problems as they occur.

Workers in a JIT system must be able to shift production quickly from one product to another. Adherence to carefully planned production schedules reduces idle time and eliminates non-value-added activities. As a consequence, labor efficiency variances 01′- .
ten are improved under a JIT approach. Well-trained employees, working smarter and more efficiently, can minimize the need for overtime hours. Thus JIT systems may reduce or eliminate unfavorable labor rate variances. Finally, by cutting overhead costs associated with non-value-added activities. JIT systems also help management avoid unfavorable overhead spending variances.

Search for lumber companies. Choose at least three wholesale hardwood lumber companies to investigate the prices of lumber. The standard size of a board-foot of lumber is 1 inch deep by 12 inches wide by 12 inches long. Prices are typically given by the board-foot. Search for the prices of ash, cherry, and white oak and create an average price per board-foot for each type of lumber. Use the three prices to develop standard costs for a product that would require 3 board feet of ash, 2 board-feet of cherry, and 6 board-feet of white oak.

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