ACCG18823
Managerial Accounting |
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I: Administrative Information II: Course Details
III: Topical Outline(s) Printable Version |
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Section I: Administrative Information
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Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2011
Prerequisites:
(ACCG19798) AND (MATH15892)
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A |
Program(s):
Global Business Management
Program Coordinator(s):
Charles Minken
Course Leader or Contact: Carol Riggs
Version: 5.0
Status: Approved - Under Rev (AREV)
Section I Notes:
N/A
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Section II: Course Details
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Detailed Description
This course provides students with a solid preparation in management
accounting for working in medium to large international firms. To be
effective with the challenges in the global business environment,
this course ensures that students have a high-functioning set of
management accounting tools or techniques. The focus is explicitly on
learning management accounting techniques, such as cost-volume
analysis and transfer pricing. Students will be required to
comprehend as well as to apply the techniques with numerical
problems, and they will be able to use the techniques with complex
case analysis. After this course, students will be able, as managers,
to use these management accounting techniques to plan, make
decisions, evaluate performance and control organizational units.
Also, students will, as managers, use these management accounting
techniques in reading and generating reports that assist with
pursuing their firm's strategies.
Program Context
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| Global Business Management |
Program Coordinator: Charles Minken |
This is a 4th semester course
providing a foundation for
higher-level courses that use
information (financial and
non-financial) for
understanding the financial
and operational performance
of a firm, past, present and
future.
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Course Critical Performance and Learning Outcomes
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Critical Performance
By the end of this course, students will have demonstrated the
ability to:
- Apply management accounting tools and techniques to generate
crucial internal information and reports for management
decisions to achieve a firm's strategy.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
ability to:
1. Discuss the management accounting role in achieving a firm¿s
strategy.
2. Apply cost accounting terminology and cost-volume analysis in
assessing the value of a firm's activities.
3. Assess costing systems to determine an appropriate system for
specific industries.
4. Apply standard costs and activity-based costing to
appropriate corporate operations and management.
5. Identify relevant costs and revenues within a value-added
business scenario.
6. Analyze a company's existing budgeting system and process for
efficiency and appropriateness to the industry and company
environment.
7. Discuss how responsibility accounting ensures that a firm
accomplishes its strategy.
8. Design transfer prices that motivate all parties of the
transaction.
9. Design performance measures and balanced scorecards for
ensuring the firm is effective and efficient in meeting its
strategy.
10. Design incentives for ensuring managers and employees pursue
the same objectives as the firm.
11. Recommend various tactics for controlling costs, including
economic order quantity, just-in-time, and outsourcing.
12. Appraise the strengths and shortcomings of cost management
and performance measurement systems with reference to the
advantages of enterprise resource planning systems for firms
at various stages of information technology development.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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Quizzes (5 x 2%), 5 of 8 ...... 10%
- short answer narrative questions on techniques to test
knowledge and comprehension
- problems similar to exercises and problems at back of
chapters to test application
Midterm 1 and 2 (2 x 20%) 2 Hours each............ 40%
Short answer technique questions
- case to test analysis and syntheses
Case Discussion 10%
Final, comprehensive examination, three hours 40%
- numerical problems on techniques from the learning outcomes
to test application
- one case with multiple techniques from the learning outcomes
to test analysis or synthesis
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100%
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Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:
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Essential Employability
Skills
Essential Employability Skills emphasized in the course:
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X
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Communication
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X
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Critical Thinking & Problem Solving
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Interpersonal
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X
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Numeracy |
X
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Information
Management |
X
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Personal
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Notes: N/A
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 |
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Notes: N/A
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Section III: Topical Outline
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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 2011
Professor: Carol Riggs
Textbook(s): Horngren, Foster, Datar and Gowing; 2010; Cost Accounting; A
managerial emphasis (5th Canadian Edition). ISBN-13: 978-0-13-500493-7
Applicable student group(s): Global Business Management (Bachelor of Applied Business)
Course Details:Week Topic References Evaluation
1 Introduction, Management Chapter 1&2
accounting supports textbook
organizational strategy
2 CVP and Job Costing Chapter 3&4 Quiz 1
ch 1-
4
3 ABC and Master Budget Chapter 5&6 Quiz 2
(Case Abo Lawn ch. 5
and Grass
4 Budgets and Chapter 6 Midterm
Responsibility Exam 1
Accounting (1.5 hrs)
ch.
1 - 3
5 Flex Budgets and Chapter 7 Quiz 3 -
Variance Analysis ch. 6 & 7
6 Quantitative Analysis Chapter 10 Quiz 4
ch. 10
7 Decision Making (futher Chapter 11 (case: Quiz 5
variance) Best Canadian ch. 11
Hotels & Resorts
8 Pricing Decisions Chapter 12 & 13 Quiz 6,
and Balanced Scorecard ch. 12 & 13
9 Cost Allocations (Joint Chapter 15 & 16 Midterm Exam 2
costs & Revenue Allocations (PT 1) (2hrs) ch. 6,
7, 10, 12 & 13
10 Process Costing, EU, Chapter 17 Quiz 7,
Weighted Average Inventory ch. 15, 16 PT
1, & 17
11 Spoilage, rework, scrap Chapter 18, & Quiz 8
and Cost Mgmt; Constraint 19-pt 1-case ch. 18 & 19-1
BCS, pareto (York University)
12 Cost management and Chapter 20 & 21 to
performance measurement pg. 1025
systems
13 Transfer Pricing and Chapters 23 & 24
Performance Measurement- (Performance
Multinationals measurements)
14 Final examination Comprehensive
examination
(50%)
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