Sheridan Course Outlines

ACCG50123
Management Accounting and Corporate Finance

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

Section I: Administrative Information

Total hours: 56.0
Credit Value: 4.0
Credit Value Notes: N/A
Effective: Winter 2015
Prerequisites: N/A
Corequisites: N/A
Equivalents: ACCG23626, FINA21048
Pre/Co/Equiv Notes: N/A

Program(s): Human Resources Management
Program Coordinator(s): John Hardisty
Course Leader or Contact: Carol Riggs
Version: 9.0
Status: Approved - Under Rev (AREV)

Section I Notes: Accredited by HRPAO for CHRP designation: March 1994

Section II: Course Details

Detailed Description
This course provides Human Resource Management students with an introduction to accounting and finance. The course commences with an overview of financial accounting and external reporting. The focus then turns to cost/management accounting and its usefulness for planning and control, decision making and product costing. Certain aspects of corporate finance are integrated into the course with particular emphasis on cost of capital. Students will learn through activities such as case analyses, a group case/project, solving specific problems/exercises and lectures.

Program Context

Human Resources Management

Program Coordinator: John Hardisty

This course is required for a one year certificate in Human Resource Management (Ontario College Graduate Certificate) and is accredited toward a CHRP designation by HRPAO (a minimum of 65% is required for accreditation towards CHRP by HRPAO.)

Course Critical Performance and Learning Outcomes

 Critical Performance
By the end of this course, students will have demonstrated the 
ability to understand how accounting and finance functions affect 
their work as Human Resource Professionals. 

Learning Outcomes
To achieve the critical performance, students will have demonstrated 
the ability to:
1. Discuss the roles and functions of both managerial and financial
   accounting in a business organization context.
2. Prepare the basic set of financial statements used in a business
   enterprise according to generally accepted accounting principles
  (GAAP).
3. Evaluate financial statements using ratio analysis and measures of
   investment return for performance measurement and business 
   decisions.
4. Prepare managerial reports using the contribution margin approach
   including various inventory costing methods and segmented
   reporting.
5. Apply various methods and techniques in cost behaviour categories
   and classifications of costs and how they vary with changes within
   service departments and strategic business units.
6. Analyze cost behavior through break-even, c-v-p analysis,
   regression and cost accounting methods and techniques.
7. Evaluate business decisions for sales, operational, and service
   departments including transfer pricing, make or buy, special
   orders, irrelevant costs, cost-benefit, and activity-based costing
   concepts.
8. Prepare operating and financial budgets, ie, flexible, static,
   capital, master.
9. Analyze budgetary and operational variances.
10.Prepare Balanced Scorecard performance measurements for
   responsibility, and accountability of corporations, departments,
   and employees conducting business in cost, revenue, and
   investment centers.
11.Evaluate management control systems in both centralized and
   decentralized organizations with related measures of performance.

Evaluation Plan
Students demonstrate their learning in the following ways:

Exams (4 @ 25% each)   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:

	Communication	X	Critical Thinking & Problem Solving		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: Winter 2015
Professor: Multiple Professors
Textbook(s):

Introduction to Managerial Accounting, Third Canadian Edition
Brewer Garrison Noreen Kalagnanam Viadyanathan

Applicable student group(s): Human Resource Management Ontario College Graduate Certificate
Course Details:

Module 1

	 Introduction to Financial and Managerial Accounting

	 An Introduction to Managerial Accounting 
         (Brewer, Ch. 1)

	 Financial Accounting: The Record Keeping and External 
          Reporting System 
         (Davidson, Ch. 1 through 4)

	"How well am I doing?" Financial Statement Analysis 
          (Brewer, online Ch. 14)

	 Cost Concepts 
          (Brewer, Ch. 2)

Module 2	

         Cost Behaviour, Cost-Volume-Profit Analysis, Activity-Based 
         Costing, and Organization Structure and Performance

	Cost Behaviour: Analysis and Use 
         (Brewer, Ch. 3)


Test #1	Module 1 + Ch. 3 
         (2 hours worth 25%) 


Module 2 continued

	Organizational Structure and Performance Measurement  
         (Brewer, Ch. 10 plus supplemental materials)

	Cost-Volume-Profit Relationships 
         (Brewer, Ch. 11)

	Activity-Based Costing 
         (Brewer, Ch. 6)

Test #2	Modules 1 and 2 with emphasis on Module 2 
         (2 hours worth 25%)

Module 3	

         Costs in Decision Making

	Relevant Costs for Decision Making 
         (Brewer, Ch. 12)

	Budgeting 
         (Brewer, Ch. 7)

Test #3	Modules 1, 2 and 3 with emphasis on Module 3 
         (2 hours worth 25%)

Module 4	

         Planning, Control and Analysis

	Standard Costs and Variances 
         (Brewer, Ch. 8)

	Flexible Budgets and Overhead Analysis 
         (Brewer, Ch. 9)

	Capital Budgeting Decisions 
         (Brewer, Ch. 13)

Test #4	Comprehensive with emphasis on Module 4 
         (3 hours worth 25%)

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.

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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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