Sheridan Course Outlines

ACCG4010
Human Resources Finance and Accounting 2

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: Winter 2004
Prerequisites: (ACCG4009)
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business - Human Resources
Program Coordinator(s): John Hardisty
Course Leader or Contact: Multiple Course Leaders
Version: 2.0
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
This course continues from ACCG4009 Human Resources Finance and Accounting 1, providing human resources students with formal education in accounting and finance. The course continues the focus on cost and managerial accounting with an emphasis on analysis and 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.

Program Context

Business - Human Resources

Program Coordinator: John Hardisty

This course, along with ACCG4009 and FINA2001, will be accredited by the Human Resources Professional Association of Ontario towards a CHRP designation (60% minimum average of the three 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
			
- Linkages between planning and budgeting
- Types of budgets (master, operating, financial, capital, static and 
  flexible) and the components and structure of each
- Concepts of standard costing and budgetary variances and analysis
- Balanced scorecard
- Responsibility accounting and responsibility centres (cost, revenue 
  and investment)
- Management control systems in both centralized and decentralized   
  organizations and related measures of performance
- Strategic business units and segmented financial reporting
- Financial evaluation techniques
- Transfer pricing
- Using relevant costs for decision making
- Service department cost allocations

 
            Skills
			
- Preparation and understanding of budgets
- Calculating and interpreting variances
- Preparing and analyzing segmented financial reports
- Determining and interpreting transfer prices
- Relevant costing analysis and using the analysis to make a decision
- Allocating service department costs to operating departments
- Working in a mobile/computerized environment with confidence

 
            Attitudes
			
- An appreciation of accounting for decision making
- 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: Winter 2004
Professor: Multiple Professors
Textbook(s):

Managerial Accounting:  Concepts for Planning, Control, Decision 
Making, Fifth Edition, Garrison, Noreen, Chesley, Carroll
McGraw-Hill Ryerson (2001)  ISBN 0-07-087111-6

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

WEEKS 1 & 2                              

TOPIC: Profit Planning

       - What is a budget and budgeting
       - Components of a personal budget, human resources area budget 
         and an organization budget (master, comprehensive or static)
       - How budgets differ between manufacturing, retail/distribution 
         and service organizations
       - Understanding and preparation of operating budgets
       - Understanding and preparation of financial budgets
______________________________________________________________________

WEEK 3                                       

TOPIC: Flexible Budgets
       
       - Characteristics of a flexible budget
       - Differences between a static and a flexible budget
       - Advantages of a flexible budget over a static budget
       - Prepare a flexible budget for a human resources scenario
       - Use the flexible budget to prepare a static budget
______________________________________________________________________

WEEKS 4 & 5                           

TOPIC: Standard Costs and Balanced Scorecard
       
       - What is a standard?
       - Practical versus ideal standards
       - Advantages and disadvantages of using standards
       - Calculating and using variances to analyze the differences    
         between budgeted results and actual results
       - Interpretation of variances
       - What is a balanced scorecard, how is it put together and how  
         it fits into the company's strategy
______________________________________________________________________

WEEK 6

TOPIC:  Review for TEST #1
______________________________________________________________________

WEEK 7                                      

TOPIC:  TEST #1
______________________________________________________________________

WEEKS 8 & 9                               

TOPIC: Decentralization and Segment Reporting
       
       - Types of responsibility centers and how performance is        
         measured in each
       - Different ways of segmenting an organization
       - Difference between traceable and common fixed costs
       - Prepare a segmented income statement using the contribution 
         approach
       - Calculate return on investment and residual income
______________________________________________________________________

WEEK 9 Cont'd                                      

TOPIC: Appendix 12a - Transfer Pricing

       - What is transfer pricing
       - Calculate the minimum acceptable transfer price from the 
         selling division's perspective and explain the reasoning
       - Calculate the maximum acceptable transfer price from the 
         purchasing division's perspective and explain the reasoning
       - Determine if a transfer price will take place based on the 
         calculations
______________________________________________________________________

WEEKS 10 & 11                           

TOPIC: Relevant Costs for Decision Making

       - Distinguish between relevant and irrelevant costs for 
         decision making
       - Use incremental analysis for decision making in the various 
         situations
______________________________________________________________________

WEEKS 12 & 13                           

TOPIC: Service Department Costing

       - Differences between service departments and operating 
         departments
       - Discuss why service department costs are allocated to 
         operating departments
       - Discuss the advantages and disadvantages of the different 
         methods of allocating service department costs
       - Allocate service department costs to operating departments 
         using the direct method
       - Allocate service department costs to operating departments 
         using the step method
       - Allocate variable and fixed service department costs 
         separately at the beginning and at the end of the period
       - Understand the guidelines for allocating service department 
         costs
______________________________________________________________________

WEEK 13 Cont'd

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.

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