Sheridan Course Outlines

ACCG37981
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: Fall 2006
Prerequisites: (ACCG26564)
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
Students will develop an understanding of the impact of accounting on the field of Human Resources especially in relation to the evaluation of employees under various accounting systems. Budgeting, standard cost systems and responsibility accounting are used to help the human resource student identify ways to help a corporation plan, control and direct their activities. Templates are utilized to help students quickly assess and evaluate key employees and provide a take-away experience that can be used in the real world.

Program Context

Business Human Resources

Program Coordinator: John Hardisty

This course, along with ACCG26564 and FINA11079, 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 Critical Performance and Learning Outcomes

 1. Be a key player in the production of the master budget utilized by 
companies to plan, control and direct their corporate endeavours.

2. Prepare a cash budget for either personal or corporate use.

3. Use variance analysis to assess the performance of personnel 
working in a standard cost environment.

4. Prepare a flexible budget and use the budget to understand how 
various levels of activity impact costs.

5. Use an appropriate responsibility centre to help evaluate 
performance of key employees.

6. Calculate ROI and residual income, interpret the results and 
understand how they can be used to evaluate employees.

7. Use relevant cost and incremental analysis to help the management 
team make decisions in various situations.

Evaluation Plan
Students demonstrate their learning in the following ways:

1. Midterm Exam (Week 7)                35%

2. Final Exam (Week 14)                 35%

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

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

Essential Employability Skills
Essential Employability Skills emphasized in the course:

X	Communication	X	Critical Thinking & Problem Solving	X	Interpersonal
X	Numeracy		Information Management		Personal

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

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 2006
Professor: Multiple Professors
Textbook(s):

Introduction to Managerial Accounting Canadian Edition, Garrison, 
Noreen, Kalagnanam, Vaidyanathan McGraw-Hill Ryerson (2004)  ISBN 0-
07-091617-9

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
______________________________________________________________________

WEEKS 3, 4 & 5                                       

TOPIC: Standard Costs
       
       - What is a standard?
       - Practical versus ideal standards
       - Advantages and disadvantages fo using standards
       - Calculating and using variances to analyze the differences
         between budgeted results and actual results
       - Interpretation of variances
______________________________________________________________________

WEEK 6

TOPIC:  Review for Midterm Exam
______________________________________________________________________

WEEK 7                                      

TOPIC: MIDTERM EXAM
______________________________________________________________________

WEEK 8                                      

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 9 & 10                              

TOPIC: Decentralization and Performance Measurement
       
       - Types of responsibility centres and how performance 
         is measured in each
       - Different ways of segmenting an organization
       - Difference between traceable and common fixed costs
       - Calculate return on investment and residual income
______________________________________________________________________

WEEKS 11 & 12                           

TOPIC: Relevant Costs for Decision Making

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

WEEK 13 

TOPIC:  Review for Final Exam 
______________________________________________________________________

WEEK 14                                     

TOPIC: FINAL EXAM 
______________________________________________________________________

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 ]