Sheridan Course Outlines

ACCG2006
Management Accounting & Corporate Finance

I: Administrative Information II: Course Details III: Topical Outline(s) Printable Version

Section I: Administrative Information

Total hours: 84.0
Credit Value: 6.0
Credit Value Notes: N/A
Effective: Winter 2004
Prerequisites: N/A
Corequisites: N/A
Equivalents: ACCG3007, FINA3001
Pre/Co/Equiv Notes: N/A

Program(s): Human Resource Management
Program Coordinator(s): John Hardisty
Course Leader or Contact: Alison Feierabend
Version: 4.01
Status: Approved (APPR)

Section I Notes: Accredited by HRPAO for CHRP designation: March 1994

Section II: Course Details

Detailed Description
This course provides Human Resource Management students with an introduction to accounting and finance. The course commences with an overview of financial accounting and external reporting. The focus then turns to cost/management accounting and its usefulness for planning and control, decision making and product costing. Certain aspects of corporate finance are integrated into the course with particular emphasis on cost of capital. Students will learn through activities such as case analyses, a group case/project, solving specific problems/exercises and lectures.

Program Context

Human Resource Management

Program Coordinator: John Hardisty

This course is required for a one year certificate in Human Resource Management (Post Graduate) and is accredited toward a CHRP designation by HRPAO (a minimum of 60% is required for accreditation towards CHRP by HRPAO.)

Course Critical Performance and Learning Outcomes

 Successful students will have demonstrated 
knowledge of:

- The roles and functions of both managerial and financial accounting 
  in a business organization
- The basic set of financial statements, prepared by and used in a 
  business enterprise
- Financial statement analysis using ratio analysis
- The various categories and classifications of costs and how they 
  vary with changes in business activity
- Break-even analysis, c-v-p analysis, contribution margin
- Various methods and techniques used to identify, measure and analyze 
  cost behaviours
- Product costing
- Make or buy analysis
- Service department costs
- Special orders
- Irrelevant costs
- Cost-benefit analysis
- Activity-based costing concepts
- Just-in-time inventory controls and manufacturing systems
- Linkage between planning and budgeting
- Types of budgets, ie, flexible, static, capital, master, operating 
  and financial budgets, and the components and construction of each
- Budgetary variances and analyses
- Concepts of standard costing and related variances
- Responsibility accounting, and cost, revenue and investment centres
- Balance scorecard
- Management control systems in both centralized and decentralized 
  organizations and related measures of performance
- Strategic business units and segmented financial reporting
- Financial evaluation techniques for business units, e.g., return on 
  investment and residual income
- Transfer pricing



Successful students will have demonstrated attitudes of:

- An appreciation of accounting as the language of business
- Confidence to think critically to analyze and solve problems
- An appreciation of how financial decisions may be influenced by 
  performance evaluation and reward policies and structures
- A willingness to forecast and budget under conditions of uncertainty
- An appreciation of how the motivation, performance and evaluation of 
  employees can be facilitated and enhanced by the quantification of 
  objectives and goals
- Confidence to interface proficiently with accounting and financial 
  staff members in a business organization
- Commitment to thorough problem analysis processes and the 
  development of creative accounting solutions
- Responsibility, as demonstrated by behaviours such as attending, 
  participating and learning in the classroom and home study
- Responsibility in meeting test due dates
- Confidence working in a mobile/computerized environment

Evaluation Plan
Students demonstrate their learning in the following ways:

Exams (4 @ 25% each)   100%

Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:

Generic Skills
Generic Skills emphasized in the course:

	communication - written		communication - oral		communication - visual
X	analytical		creative thinking	X	decision making
	interpersonal	X	numeracy		organizational
X	problem solving		technological		other (see below)

Notes: N/A

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

	asthetic appreciation		social understanding
	civic life		understanding science
	cultural understanding		understanding technology
	personal development		work and the economy

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) : Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam	Portfolio	Interview	Other	Not Eligible for PLAR
X

Notes: N/A

Section III: Topical Outline

Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Winter 2004
Professor: Multiple Professors
Textbook(s):

Managerial Accounting:  Concepts for Planning, Control, Decision 
Making, Sixth Edition, Garrison, Noreen, Chesley, Carroll
McGraw-Hill Ryerson (2001)  ISBN 0-07-091516-4

Alternative Texts:

1.  Meigs, R.F., M.A. Meigs, M. Bettner & W.P. Lam, Accounting, 9th 
    Canadian Edition, McGraw-Hill, Toronto, 1999.

2.  Warren, C.S., P.E. Fess, J.M Mallauk, Accounting Management 
    Accounting (Vol. 3).  Canadian Edition, Nelson, Toronto.  1999.

Applicable student group(s): Human Resource Management Post Graduate
Course Details:

UNIT #1      Financial Accounting:  The Record Keeping and External   
             Reporting System

Week 1       Chapter 1     Managerial Accounting and the Business     
                           Environment

Week 1 & 2   Chapter 15    How well am I doing?  Financial Statement  
                           Analysis
______________________________________________________________________

UNIT #2      Cost Behaviour & Cost Volume Profit Analysis

Week 3       Chapter 2     Cost, Terms, Concepts and Classifications

Week 3       EXAM UNIT #1

Week 4       Chapter 5     Cost Behaviour:  Analysis and Use

Week 5       Chapter 6     Cost Volume Profit Relationships

Week 6       Chapter 8     Activity Based Costing:  A Tool to Aid 
                           Decision Making

Week 7       EXAM UNIT #2
______________________________________________________________________

UNIT #3      Costs In Decision Making

Week 8       Chapter 13    Relevant Costs for Decision Making

Week 9       Appendix D    Service Department Costing:  An Activity 
                           Approach

Week 10      EXAM UNIT #3
______________________________________________________________________

UNIT #4      Budgets & Budgetary Control

Week 11      Chapter 9     Profit Planning

Week 12      Chapter 10    Standard costs and the Balanced Scorecard

Week 12      Chapter 11    Flexible Budgets and Overhead Analysis

Week 13      Chapter 12    Decentralization and Segment Reporting

Week 13      Appendix 12a  Transfer Pricing

Week 14      EXAM UNIT #4
______________________________________________________________________

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Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

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Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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