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Detailed Description
Using a case-based approach, students learn how to apply performance
measurement and control techniques to ensure the implementation of
strategic planning of Canadian companies while exercising the ethical
responsibilities of a management accountant. The assignments develop
the concepts required for management accounting information and the
control systems required for achieving goal congruency. Topics
include designing performance measures and balanced scorecards,
designing comprehensive and critical mission incentives,
incorporating tools for controlling costs, analyzing cost management
and performance management systems, designing appropriate transfer
and intercompany organizational communications and agreements, and
incorporating ethical standards.
Program Context
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| Accounting in Canada |
Program Coordinator: Sally Mitzel |
This is a core course in the
Ontario Graduate Certificate -
Accounting in Canada for
Internationally Trained
Accountants. This course
forms the basis for
management information,
processes, controls and
decision making for the
program.
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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 accurate, appropriate and crucial internal information and
reports in a controlled environment, which support management
decisions in achieving a firm`s strategy.
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 strategy.
5. Analyze a company`s existing budgeting system and process for
efficiency and appropriateness to the industry and company
environment.
6. Apply cost accounting terminology and cost-volume analysis in
assessing the value of a firm`s activities.
7. Assess costing systems to determine an appropriate system for
specific industries.
8. Apply standard costs and activity-based costing to appropriate
corporate operations and management.
9. Appraise the strengths and shortcomings of cost management and
performance measurement systems.
10.Design transfer prices that motivate all parties of the ransaction.
11.Communicate professionally in oral and written form.
12.Incorporate appropriate ethical standards in all assigned work.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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In-class quizzes 4 quizzes X 2.5 10%
Assignments 5 assignments x 5%* 25%
One Group Presentation 15%
Mid Term Test 20%
Final Test 30%
100%
* Assignments and the presentation are group activities. Groups
will be established at the beginning of the semester. Mid term
test and final test are individual marks.
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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 2009
Professor: Tba
Textbook(s): Horngren, Foster, Datar, Teall and Gowing, Cost Accounting: A
Managerial Emphasis, 5th Canadian Edition (Toronto, Ontario:
Pearson Prentice Hall, 2010)
Applicable student group(s): Accounting in Canada for Internationally Trained Accountants.
Course Details:Unit Topic Resources Evaluation
1 Course introduction Text: Chapter 1
Management Accounting,
Strategy , Decision
Making and Ethics
(LO: 1, 2, 3)
2 Cost Terminology Text: Chapter 2 Quiz 1 (2.5%)
and cost flows
(LO: 2, 7, 8, 9)
3 Building a profit Text: Chapter 3 Assignment 1 5%
plan; cost volume
profit analysis,
Contribution Margin
(LO: 6, 7, 8)
4 Evaluating Profit Text: Chapter 4 Quiz 2 (2.5%)
Performance; costing Text: Chapter 5
systems (LO: 9, 10)
5 Cost Management Text: Chapter 19 Assignment 2 5%
including economic Text: Chapter 20
order quantity, JIT,
relevant costs
(LO: 2, 8, 9)
MID TERM TEST 20%
6 Budgeting - Linking Text: Chapter 6 Quiz 3 (2.5%)
Performance to Text: Chapter 21
Marketplace including Text: Chapter 22
Master budget, Capital
budgeting, Kaizen
budgeting
(LO: 5, 6, 8, 9)
7 Management Control Text: Chapter 23 Assignment 3 5%
Systems and Transfer
Pricing
(LO: 6, 8, 9, 10)
8 Strategy Balanced Text: Chapter 13 Quiz 4 (2.5%)
Scorecard, and Assignment 4 5%
Strategic Profitability
Analysis (LO:1, 2, 3,4,9)
9 Performance Measurement, Text: Chapter 24 Assignment 5 5%
Compensation, and
Multinational
Considerations
(LO: 2, 3, 4, 5, 6,
7, 8, 9, 10, 11)
10 Group Presentations All group
presentations
15 %
Final exam 30%
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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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