Finance and Managerial Accounting
  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 2021
Prerequisites: (ACCG16971 OR ACCG70016)
Corequisites: N/A
Equivalents: ACCG50123
Pre/Co/Equiv Notes: N/A

Program(s): Canadian Institute of Manageme, Certified Payroll Manager, Human Resource - Certified Hum, Human Resource -Certified Hum, Human Resource Management
Program Coordinator(s): Bruce Goldie
Course Leader or Contact: N/A
Version: 20210907_00
Status: Approved (APPR)

Section I Notes: Access to course materials and assignments will be available on Sheridan's Learning and Teaching Environment (SLATE). Students will need reliable access to a computer and the internet.

Section II: Course Details

Detailed Description
Students explore the tools used in financial and management accounting and apply basic accounting principles to interpret financial data. Financial data is significant not only in the effective administration of the human resources function, but also in relation to the organization as a whole. Students examine the roles of financial and managerial accounting, extracting data from financial statements, analyzing cost behaviour, preparing operating budgets, and interpreting budgetary variances. Prerequisite(s): ACCG70016 Financial Accounting 1

Program Context

Canadian Institute of Manageme Program Coordinator(s): N/A
This is an approved compulsory course in the Canadian Institute of Management program.

Certified Payroll Manager Program Coordinator(s): N/A
This is an elective course in the Canadian Payroll Association - Payroll Certification Programs.

Human Resource - Certified Hum Program Coordinator(s): Bruce Goldie
This is a compulsory course in the Human Resource - Certified Human Resources Leader program.

Human Resource -Certified Hum Program Coordinator(s): N/A
This is a compulsory course in the Human Resource - Certified Human Resources Professional program.

Human Resource Management Program Coordinator(s): Bruce Goldie
This is a required course in the Human Resources Sheridan Certificate offered through the Faculty of Continuing and Professional Studies. This course is accredited toward a CHRP designation by HRPA (a minimum of 65% is required for accreditation towards CHRP).

Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to interpret managerial accounting and finance reports in the role of the Human Resources Professional and the business organization as a whole.
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. Extract data from the basic set of financial statements used in a business enterprise according to generally accepted accounting principles (GAAP).
  3. Interpret company performance based on financial statements using ratio analysis and measures of return on investment.
  4. Apply various methods and techniques in cost behavior categories and classifications of costs and how they vary with changes within service departments and strategic business units.
  5. Analyze cost behavior through break-even, c-v-p analysis, and cost accounting methods and techniques.
  6. Evaluate business decisions for sales, operational, and service departments including transfer pricing, and activity based costing.
  7. Prepare operating budgets, i.e., flexible, static, production, and materials.
  8. Discuss performance measures such as Manufacturing Cycle Efficiency, Process time, and Residual Income for business units such as cost, revenue, and investment centres.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Assignments (4 @ 5% each)20.0%
 Discussions (10 @ 1% each)10.0%
 Quizzes (5 @ 7% each)35.0%
 Final Exam (Online)35.0%

Evaluation Notes and Academic Missed Work Procedure:
TEST AND ASSIGNMENT PROTOCOL The following protocol applies to every course offered by Continuing and Professional Studies. 1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the instructor. 2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding Sundays and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not. An extension or make-up opportunity may be approved by the instructor at his or her discretion.

Evaluation Plan: IN-CLASS
 Assignments (4 @ 5% each)20.0%
 In-class work (10 @ 1% each)10.0%
 Mid Term Test35.0%
 Final Exam35.0%

Evaluation Notes and Academic Missed Work Procedure:
For in class and online missed tests and/or exam will receive a grade of "zero" unless prior arrangements are made with the instructor's approval. Late assignments may be penalized at the instructor's discretion. Full participation and attendance is recommended for this course. Students who miss a class are responsible for any information discussed, assigned or distributed in that class period. Students may withdraw up to the 3/4 point of the course duration without academic penalty. For example, if your course is 14 sessions, you may withdraw (in writing) up to the 11th session without academic penalty. If you withdraw after this point, you will receive the grade earned. This policy applies only to courses and not seminars or workshops.

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


Essential Employability Skills
Essential Employability Skills emphasized in the course:

  • Numeracy - Execute mathematical operations accurately.

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

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.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors IN-CLASS TOPICAL: Continuing Education Students.
Online Multiple Professors ONLINE TOPICAL: Continuing Education Students

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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