Detailed Description
Students use management accounting information to design reports for
decision making. Using a case-based approach, students perform
analyses to support managerial decisions, design and implement
effective management control systems, and take into account the
ethical responsibilities of a management accountant. Topics include
cost control tools and techniques, management incentives and
performance measures, budgeting and transfer pricing. The importance
of understanding ethical issues in management accounting is stressed.
Through the use of interactive lectures, classroom problem-solving
activities, group work and case study assignments students develop
their proficiency in management accounting techniques.
Program Context
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Bach Bus Admin Market Manage |
Program Coordinator: Tba |
See Program Context for
Accounting.
Bach Business Admin Accounting |
Program Coordinator: Tba |
This course is an elective
course in the Bachelor of
Business Administration (BBA)
Accounting program as well as
BBA Finance, BBA Human
Resources, BBA Marketing and
BBA Supply Chain Management.
It further develops the use of
management information,
processes, controls and
decision making. The outcomes
and learning experiences of
these course components will
contribute to the students'
Creative Learning Portfolio.
This course is designed to
meet the requirements for the
professional accounting
program of study.
Bach Business Admin Finance |
Program Coordinator: Tba |
See Program Context for
Accounting.
Bach Human Resources |
Program Coordinator: Tba |
See Program Context for
Accounting.
BachBus Admin Spply Chain Mgmt |
Program Coordinator: Tba |
See Program Context for
Accounting.
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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 recommend strategies using appropriate and relevant management
accounting reports, tools and techniques.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to:
1. Discuss the management accounting role in achieving a firm¿s
strategy.
2. Recommend various tools and techniques for controlling costs and
influencing a positive economic outcome and working environment.
3. Design incentives for ensuring managers and employees achieve goal
congruence with the firm.
4. Design performance measures and balanced scorecards for ensuring
the firm is effective and efficient in meeting its strategies.
5. Analyze a company's existing budgeting system and process for
efficiency and appropriateness to the industry and company
environment.
6. Evaluate transfer pricing options that are suitable given an
entity¿s operating environment and strategies.
7. Appraise the strengths and shortcomings of cost management and
performance measurement systems.
8. Demonstrate professional behaviours including:
a. work effectively in a team environment
b. meet due dates
c. produce professional quality assignments
d. use reference materials responsibly
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Evaluation Plan
Students demonstrate their learning in the following ways:
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On-line quizzes (5 x 2%) 10%
Assignments (4 x 5%) 20%
Group Presentation 10%
Midterm Exam 25%
Final Exam (Comprehensive) 35%
100%
Assignments and the presentation are group activities based on case
analysis and problem solving. Groups will be established at the
beginning of the semester. The on-line quizzes, midterm exam and final
exam are individual marks that will be completed in class.
In addition to achieving a minimum 50% overall grade, a student must
have a combined average of at least 50% on the non-group components of
the evaluation plan in order to receive credit for this course.
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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 2015
Professor: Multiple Professors
Textbook(s): Horngren, C., Data, S., Foster, G., Rajan, M., Ittner, C., Gowing, M.,
& Janz, S. (2012). Cost Accounting: A Managerial Emphasis, Sixth
Canadian Edition. Pearson Prentice Hall: Toronto.
Applicable student group(s): Bachelor of Business Administration
Course Details:Note: Learning Outcome 9 will be inherent and apparent within each
evaluation.
Module 1: Management Accounting, Strategy, Decision Making and Ethics
1. Discuss how management accountants contribute to successful
strategic decision making.
2. Discuss the application of the five steps of decision making to
strategic decision-making
3. Discuss the role of ethics and corporate governance from a
managerial accounting perspective
4. Evaluates cost classifications and costing methods for management
of ongoing operations
Learning Outcomes: 1, 2
Module 2: Variance and Customer Profitability Analysis: sales and
volume variances, Activity-Based Costing (ABC), customer profitability
analysis
1. Compute, analyze, and assess the implications of the different
sales variances.
2. Uses sales variances to evaluate the sources and drivers of
revenue growth.
3. Apply an ABC system to assess the profitability of a customer and
the strategic implications of keeping the customer.
Learning Outcomes: 2, 3
Assessment: Quiz #1 (2%)
Module 3: Quality and Time: Cost and benefits of quality improvements
and theory of constraints
1. Apply the concepts of quality, quality control, and quality
assurance, for products and services.
2. Apply quality measurement tools such as Six Sigma
3. Identify quality measurement tools (statistical quality control
charts, Pareto diagrams, and cause-and-effect diagrams)
4. Use cost management methodologies, such as Total Quality
Management (TQM), Business Process Management (BPM) and Lean
Management
5. Evaluates sustainable profit maximization and capacity management
performance using the theory of constraints.
Learning Outcomes: 2, 3, 4
Assessment: Assignment #1 (5%)
Module 4: Inventory Management: Economic Order Quantity (EOQ),
Just-in-time (JIT), Material Requirements Planning (MRP) and
Enterprise Resource Planning (ERP) systems, Supply Chain Management
1. Evaluate inventory management using accepted frameworks (JIT, MRP,
and ERP systems)
2. Use the accepted frameworks to recommend improvements to reporting
systems to meet information needs
3. Supply Chain and Value Chain
a. Identify the components and objectives of supply chain
management.
b. Strategic supplier networks and relationship management
Learning Outcomes: 2, 3, 4
Assessments: Quiz #2 (2%)
Module 5: Budgeting - Linking Performance to Marketplace including
Master Budget
1. Distinguish among sensitivity analysis, Kaizen budgeting, and a
activity-based budgeting.
2. Assess the performance implications of different types of
budgeting (master budgets, activity-based budgeting, etc.).
Learning Outcomes: 3, 5
Assessment: Assignment #2 (5%), Quiz #3 (2%)
Assessment: Mid-term exam - Modules 1 - 5 (25%)
Module 6: Budgeting - Linking Performance to Marketplace including
Capital Budgeting
1. Assess the performance implications of different methods of
capital budgeting.
2. Discuss and assess the links between strategic decision making and
capital budgeting
3. Assess the risk associated with capital budgeting decisions.
Learning Outcomes: 5
Assessment: Assignment #3 (5%)
Module 7: Management Control Systems and Transfer Pricing: Linking
Performance with Systems
1. Discuss and assess management control systems from a strategic and
performance perspective:
a. Advantages and disadvantages of various organization structures
i. simple, divisional, and matrix designs
ii. centralized versus decentralized designs
iii. narrow and broad span of control
2. Discuss international transfer pricing considerations.
3. Analyze and assess the performance and other implications of
international transfer pricing.
Learning Outcomes: 6, 7
Assessment: Quiz #4 (2%)
Module 8: Strategy, Balanced Scorecard and Strategic Profitability
Analysis
1. Discuss generic strategies (i.e. product differentiation, cost
leadership) and develop appropriate balanced scorecard measures.
2. Evaluate strategic success using balance scorecard measures.
3. Analyze the impact of strategic decisions on financial results.
Learning Outcome: 4
Assessment: Assignment #4 (5%)
Module 9: Performance Measurement, Compensation and Multinational
Considerations
1. Discuss the advantages and disadvantages of various organizational
performance measurement systems.
2. Analyze the implications of different types of performance m
measurement, evaluation, and incentive (compensation) systems
3. Discuss and assess the strategic implication of performance
measurement and compensation in a multinational context
Learning Outcomes: 5, 6, 7
Assessment: Quiz #5 (2%)
Assessment: Group Presentations - Modules 1 through 9 (10%)
Final exam - Modules 1 through 9 (35%)
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