Sheridan Course Outlines

ACCG4009
Human Resources Finance and Accounting 1

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

Section I: Administrative Information

Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2003
Prerequisites: (ACCG2004)
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: It is highly recommended that FINA2001 be taken before this course.

Program(s): Business - Human Resources
Program Coordinator(s): John Hardisty
Course Leader or Contact: Multiple Course Leaders
Version: 1.02
Status: Approved (APPR)

Section I Notes: Accredited by HRPAO towards CHRP designation.

Section II: Course Details

Detailed Description
This course provides human resources students with formal education in accounting and finance. The course commences with an overview of financial accounting and external reporting. Financial analysis is integrated into this section of the course. The focus then changes to cost accounting with an emphasis on costs and their usefulness for decision making. Applications to human resources will be incorporated into the course. Students will learn through activities such as Internet research, group assignments, problem solving, exercises and lectures. The concepts introduced in this course provide the foundation for success in ACCG4010 Human Resources Finance and Accounting 2.

Program Context

Business - Human Resources

Program Coordinator: John Hardisty

This course, along with HRMT4010 Human Resources Finance and Accounting 2, will be accredited by the Human Resources Professional Association of Ontario towards a CHRP designation (60% minimum average of the two courses is required by the HRPAO).

Course Learning Outcomes
Learning outcomes identify the critical performances, and the knowledge, skills and attitudes that successful students will have reliably demonstrated through the learning experiences and evaluation in the course. Successful students will have demonstrated the following:

 
            Knowledge
			
- The basic set of financial statements and its components, prepared 
  by and used in a business enterprise
- Financial statement analysis including vertical, horizontal and   
  ratio analysis
- The roles and functions of both managerial and financial accounting 
  in a business organization
- The various categories and classifications of costs and how they 
  vary with changes in business activity
- Various methods and techniques used to identify, measure and analyze 
  cost behaviors
- Breakeven analysis, cost-volume-profit analysis, contribution margin 
  and cost-benefit analysis
- Activity-based costing concepts

 
            Skills
			
- Preparation and understanding of financial statements
- Analyzing financial statements using vertical, horizontal and ratio 
  analysis
- Measuring and analyzing cost behaviors
- Using breakeven analysis, cost-volume-profit analysis and 
  contribution margin for decision-making
- Using activity-based costing for resource allocation and costing
- Working in a mobile/computerized environment with confidence

 
            Attitudes
			
- An appreciation of accounting as the language of business
- Commitment to critical thinking and thorough problem analysis 
  processes and the development of creative accounting solutions
- Responsibility, as demonstrated by behaviors such as attending, 
  participating, learning in the classroom and home study
- Responsibility in meeting assignment and test due dates

Evaluation Plan
Students demonstrate their learning in the following ways:

1. TEST #1 (Week 7)                        35%

2. TEST #2 (Week 14)                       35%

3. ASSIGNMENTS                             30%
     (Weekly Assignments)                               
                                          ____
                               Total      100%

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

Generic Skills
Generic Skills emphasized in the course:

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

Notes: Critical thinking

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: Fall 2003
Professor: Multiple Professors
Textbook(s):

Managerial Accounting:  Concepts for Planning, Control, Decision 
Making, Sixth Canadian Edition, Garrison, Noreen, Chesley, Carroll
McGraw-Hill Ryerson (2004)  ISBN 0-07-0915164

Applicable student group(s): Business - Human Resources
Course Details:

WEEK 1                                                                 

TOPIC: Financial Statements

       - Analysis of balance sheet, income statement, statement of    
         retained earnings, cash flow statement with regard to purpose 
         and components
       - How the financial statements relate to one another
       - How transactions flow into the financial statements
       - Generally accepted accounting principles
______________________________________________________________________

WEEKS 2, 3 & 4                                   

TOPIC: Financial Statement Analysis (Chapter 15)
       
       - Purpose of financial statement analysis
       - Types of analysis
       - Limitations
       - Interpreting the results
_____________________________________________________________________

WEEK  4 Cont'd                                        

TOPIC: Managerial Accounting and the Business Environment (Chapter 1)
       
       - What do managers do and why do they need accounting 
         information
       - Similarities and differences between financial and managerial 
         accounting
       - Ethics
______________________________________________________________________

WEEK 5                                         

TOPIC: Cost Terms, Concepts and Classifications (Chapter 2)
       
       - Components of a product cost
       - Period versus product costs
       - Variable versus fixed costs
       - Direct versus indirect costs
       - Costs used in decision making
______________________________________________________________________

WEEK 6

TOPIC: REVIEW FOR TEST #1
______________________________________________________________________

WEEK 7          

TOPIC: TEST #1
______________________________________________________________________

WEEKS 8 & 9                                                

TOPIC: Cost Behavior: Analysis and Use (Chapter 5)
       
       - Effect of changes in activity on total and per unit variable 
         costs
       - Effect of changes in activity on total and per unit fixed 
         costs
       - Use a cost formula to predict costs at a new activity level
       - Analyzing mixed costs using the high-low method and the 
         scatter-gram method
       - Concept of contribution margin and the preparation of a 
         contribution format income statement
______________________________________________________________________

WEEKS 9, 10 & 11                               

TOPIC: Cost-Volume-Profit Relationships (Chapter 6)
       
       - Effect of changes in activity on contribution margin and net 
         income
       - Effects of changes in contribution margin on variable costs, 
         fixed costs, selling price and volume
       - Calculate breakeven point in units and sales dollars
       - Prepare and understand the components of a 
         Cost-Volume-Profit Graph
       - Use cost-volume-profit analysis to determine the number of 
         units or amount of sales dollars required to earn a target 
         profit
       - Understand and compute margin of safety in units, sales 
         dollars and percentages
       - Compute degree of operating leverage and understand how it is 
         used to predict changes in net income
       - Cost-volume-profit analysis and uncertainty
______________________________________________________________________

WEEK 12                                    

TOPIC: Activity-Based Costing: A tool to aid decision-making 
                               (Chapter 8)
       
       - Activity-based costing versus traditional costing
       - Distinguish between the different levels of activity used in 
         activity-based costing
       - Assign costs to cost pools using the first stage allocation
       - Calculate activity rates for each cost pool
       - Discuss how these activity rates can be used to improve 
         processes
       - Assign costs to a cost object using activity rates
       - Prepare reports showing product and customer margin from an 
         activity perspective
______________________________________________________________________

WEEK 13

TOPIC: REVIEW FOR TEST #2
______________________________________________________________________

WEEK 14                                     

TOPIC: TEST #2
______________________________________________________________________

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

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.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

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.

[ Printable Version ]