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Javid Iqbal

Prof. Javid Iqbal, Assistant Professor at COMSATS Institute, with a background in Finance and Accounting, specializes in financial disclosure, regulations, and analysis, offering expertise in managerial accounting.

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Javid Iqbal

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  1. Javid Iqbal Assistant Professor Department of Management Sciences COMSATS Institute of Information Technology, Islamabad

  2. Education • M.Sc in Accounting (Pass with Distinctions, August 2007-June 2009) Graduate School, School of Business, Economics and Law, Gothenburg University, Sweden • Master of Business Administration in Finance (2004-2006) Department of Business Administration University of Sargodha, Pakistan • Master of Commerce in Accounting (2001-2003) Hailey College of Commerce University of the Punjab, Pakistan • Bachelor of Commerce (1999-2001) Hailey College of Commerce University of the Punjab, Pakistan

  3. DISTINCTIONS & AWARDS • Rotary International Student House (RISH) has selected one of the top five internationalstudents from Gothenburg University, Sweden. • Awarded distinction on master project (Thesis) presented to fulfill the requirement of Master of Science in Accounting degree. • Awarded cash prize and certificate on project of European financial crises

  4. EXPERIENCE • Assistant Professor • COMSATS Institute of Information Technology, Islamabad • (2009 to till date) • Research Fellowship • School of Business, Economics and Law, Gothenburg University, Sweden • 2009 • Lecturer • University of Education, Lahore, Pakistan • 2006 to 2007 • Lecturer • Hi-Aims College of Commerce, Jauharabad • 2004 to 2005

  5. RESEARCH INTERESTS • Financial Disclosure, • Financial Regulations, • Financial Statements Analysis, • Accounting Practices, • Management Accounting

  6. End of Profile

  7. Managerial Accounting MGT 431

  8. Managerial AccountingMGT 431 Basic Course Outline

  9. Basis of Managerial Accounting • Managerial accounting is concerned with the use of accounting information to managers within organizations to make business decisions for better management control functions on the resources of the organizations.

  10. Introduction to Multinational Corporations (MNC) • Types of Businesses • Types of Business Organizations • Define MNCs • Goals of MNCs • Published financial statements • Theories of International Business • International Business Methods

  11. Changing the Roles of Managerial Accounting in Dynamic Business Environment • Managerial Accounting and its role in management process • Objectives of Managerial Accounting • Managerial Accounting vs Financial Accounting • Organziational chart • Major Themes in Managerial Accounting • Concepts of Strategic cots managment and value chain

  12. Basic Cost Managment Concepts • Distinguish between cost, product cost, period cost and expenses • Types of manufacturing cost • Cost of goods sold, and income statment for manufacturer • Behavior of variable and fixed costs, in total and per-unit basis • Direct, indirect, controllable and uncontrollable costs • Opportunity cost, an out-of-pocket, sunk cost, defferential cost, marginal cost and average cost • Practice Questions

  13. Product costing and cost accumulation • Product and service costing in manufacturing and non manufacturing firms • Distinguish between job order and process costing • Predetermined overhead rate • Enteries of record costs of direct material, direct labor and FOH • Two stage process used to compute departmental overheads • Practice Questions

  14. Process Costing and Hybird Product Costing systems • Similarities and differences between process costing and Job order costing • Journal entries to record the process costing in sequential manner • Equivalent units uner weighted average process costing • Cost per equivalent units • Departmental production report • Practice Questions

  15. Activity Based Costing • Product costs under a traditional, volume based costing system • How an activity based costing system operates • Two stage procedure for cost assignment and selection of cost drivers • Product cost under activity based costing • Three criteria for selecting cost drivers • Activity based costing in service industry • Practice Questions

  16. Cost volume Profit analysis • Break Even point using contribution margin and equation approach • CM ratio and break even in sales • CVP analysis to determine effect on profit change in fixed, variable, sales price and sales volume • Assumptions of CVP analysis • Role of Cost Structure and operating leverage in CVP relationships • Practice Questions

  17. Budgeting • Capital Expenditures budget • Research and Development Budgets • Cash Budgets • Budgeted Balance sheet • Zero-based Budgets • Pert

  18. By-Product and Joint Product Costing • Difficulties in costing By-Products and joint products • By-Products and joint products defined • Nature of By-Products • Nature of joint products • Methods of Costing By-Products • Methods of joint products • Practice Questions

  19. Variance analysis • FOH over applied • FOH under Applied • Idle capacity Variance • Spending Variance • Practice Questions

  20. Recommended Book Core texts: • Managerial Accounting;Creating Value in a Dynamic Business Environment. Latest edition; Ronald W.Hilton • Managerial Accounting 14th edition; Ray Garrison • Cost Accounting: 9th Edition MatzUsry Online library • http://www.questia.com/Index.jsp • http://www.managementhelp.org/ • http://www.businessbookmall.com • http://search.bnet.com

  21. Chapter 1 Introduction to Managerial Accounting and Cost Concepts

  22. Types of Businesses • Manufacturing • Merchandizing • Services business.

  23. Product Toyota Motors Cars, vans Intel Computer chips Nishat Textile Nike Athletic shoes Coca-Cola Beverages Sony Stereos and television Types of Businesses Manufacturing Business

  24. Types of Businesses Merchandizing Business Product Metro Cash & Carry General merchandise D.Watson Medicine United Mobiles Mobile Phones Amazon.com Internet books, music,

  25. Types of Businesses Services Business Product PIA Transportation Marriott Hotels Hospitality and lodging HBL Financial Services PTCL Telecommunication

  26. There are three types of business organizations • Proprietorship • Partnership • Corporation

  27. A proprietorshipis owned by one individual. • Advantages • Ease in organizing • Low cost of organizing • Disadvantage • Limited source of financial resources • Unlimited liability

  28. A partnership is owned by two or more individuals. • Advantages • More financial resources than a proprietorship. • Additional management skills. • Disadvantage • Unlimited liability.

  29. A corporation is organized under state or federal statutes as a separate legal entity. • Advantage • The ability to obtain large amounts of resources by issuing stocks. • Limited liability • Disadvantage • Double taxation. • Difficult process to establish

  30. Formation of Corporations • Promotion Stage • Incorporation Stage • Raising of Capital Stage • Commencement of Business Stage

  31. What is MNC • A multinational corporation (MNC) or enterprise (MNE), is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. • an MNC as a corporation that has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries.

  32. Goals of MNC • Commonly accepted goals of an MNC is to maximize shareholders wealth. • “ most common form of ownership of US. Based MNCs, and it enables financial managers throughout the MNC to have single goal of maximizing the value of the entire MNC instead of maximizing the value of any particular foreign subsidiary.”

  33. Constraints interfering with the MNC’s Goal • Environmental Constraints • Building Codes, Disposal of production waste materials and pollution control • Regulatory Constraints • Taxes, currency convertibility, earnings remittance, employee rights, and other policies that affect cash flows of a subsidiary established there • Ethical Constraints • There is not consensus on standard of business conduct that applies to all countries. A business practice is perceived to be unethical in one country may be totally ethical in another.

  34. Managing within the constraints • Using the world wide code whatever the cost companies have to bear just to enhance their credibility in the markets.

  35. Overview of Lecture 01 • Course Outline • Types of Businesses • Types of Business Organizations • Formation of Corporations • What is MNC and Goals of MNC • Constraints interfering with the MNC’s Goal • Managing within the constraints

  36. End of Lecture 01

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