Course Name (short): Managerial Accounting
School: Business
Program(s): Global Business Management
Program Coordinator(s): Charles Minken
Course Leader or Contact: Carol Riggs
Originator: Cheryl-Anne Shirley
Designate: Cheryl-Anne Shirley
Version: 5.0
Status: Approved - Under Rev (AREV)

Calendar Description
This course provides a basic understanding of management accounting for a medium to large firm that pursues global business opportunities. Using established management accounting techniques, students will analyze and generate management accounting information that allows them, as managers, to plan, make decisions, evaluate performance and control organizational units.

Typical Instructional Format

Courses may be offered in other formats.

Section I Notes: N/A

Detailed Description
This course provides students with a solid preparation in management accounting for working in medium to large international firms. To be effective with the challenges in the global business environment, this course ensures that students have a high-functioning set of management accounting tools or techniques. The focus is explicitly on learning management accounting techniques, such as cost-volume analysis and transfer pricing. Students will be required to comprehend as well as to apply the techniques with numerical problems, and they will be able to use the techniques with complex case analysis. After this course, students will be able, as managers, to use these management accounting techniques to plan, make decisions, evaluate performance and control organizational units. Also, students will, as managers, use these management accounting techniques in reading and generating reports that assist with pursuing their firm's strategies.

Program Context

 Critical Performance
By the end of this course, students will have demonstrated the 
ability to: 
    -	Apply management accounting tools and techniques to generate 
        crucial internal information and reports for management 
        decisions to achieve a firm's strategy.


Learning Outcomes
To achieve the critical performance, students will have demonstrated 
ability to:

1.	Discuss the management accounting role in achieving a firm¿s 
        strategy.

2.	Apply cost accounting terminology and cost-volume analysis in
        assessing the value of a firm's activities.

3.	Assess costing systems to determine an appropriate system for 
        specific industries.

4.	Apply standard costs and activity-based costing to 
        appropriate corporate operations and management.

5.	Identify relevant costs and revenues within a value-added 
        business scenario.

6.	Analyze a company's existing budgeting system and process for
        efficiency and appropriateness to the industry and company 
        environment.

7.	Discuss how responsibility accounting ensures that a firm
        accomplishes its strategy.

8.	Design transfer prices that motivate all parties of the 
        transaction.

9.	Design performance measures and balanced scorecards for 
        ensuring the firm is effective and efficient in meeting its 
        strategy.

10.	Design incentives for ensuring managers and employees pursue
        the same objectives as the firm. 

11.	Recommend various tactics for controlling costs, including 
        economic order quantity, just-in-time, and outsourcing.

12.	Appraise the strengths and shortcomings of cost management 
        and performance measurement systems with reference to the 
        advantages of enterprise resource planning systems for firms 
        at various stages of information technology development. 

Quizzes (5 x 2%), 5 of 8 ......                                  10%
     -     short answer narrative questions on techniques to test
           knowledge and comprehension
     -	   problems similar to exercises and problems at back of 
           chapters to test application

Midterm 1 and 2 (2 x 20%)  2 Hours each............              40%
            Short answer technique questions
     -	case to test analysis and syntheses

Case Discussion                                                  10%

Final, comprehensive examination, three hours                    40%
     -	numerical problems on techniques from the learning outcomes 
        to test application                                    
     -	one case with multiple techniques from the learning outcomes 
        to test analysis or synthesis
                                                                 ____
                                                                      
                                                                 100%

Horngren, Foster, Datar and Gowing; 2010; Cost Accounting; A 
managerial emphasis (5th Canadian Edition). ISBN-13: 978-0-13-500493-7

Week	Topic	                    References	      Evaluation
 
1	Introduction, Management    Chapter 1&2
        accounting supports         textbook
        organizational strategy	
 	
2	CVP and Job Costing	    Chapter 3&4       Quiz 1 
                                                      ch 1- 
                                                      4
 
3	ABC and Master Budget	    Chapter 5&6       Quiz 2 
                                    (Case Abo Lawn    ch. 5
                                    and Grass
	
4	Budgets and                 Chapter 6	       Midterm 
        Responsibility                                 Exam 1 
        Accounting                                     (1.5 hrs) 
                                                       ch.
                                                       1 - 3
                                                        
5	Flex Budgets and 	    Chapter 7	       Quiz 3 -
        Variance Analysis                              ch. 6 & 7

6	Quantitative Analysis	    Chapter 10         Quiz 4    
                                                       ch. 10
                                                            
7	Decision Making (futher     Chapter 11 (case:  Quiz 5
        variance)                   Best Canadian      ch. 11
                                    Hotels & Resorts
                                                                      
8	Pricing Decisions	    Chapter 12 & 13     Quiz 6,  
        and Balanced Scorecard                          ch. 12 & 13
                                                        

9	Cost Allocations (Joint     Chapter 15 & 16     Midterm Exam 2
        costs & Revenue Allocations (PT 1)              (2hrs) ch. 6,
                                                        7, 10, 12 & 13

10	Process Costing, EU,        Chapter 17          Quiz 7,
        Weighted Average Inventory                      ch. 15, 16 PT
                                                        1, & 17

11	Spoilage, rework, scrap     Chapter 18, &       Quiz 8
        and Cost Mgmt; Constraint   19-pt 1-case        ch. 18 & 19-1
        BCS, pareto                 (York University)
                            
           
12	Cost management and         Chapter 20 & 21 to  
        performance measurement     pg. 1025                        
        systems
		 
13	Transfer Pricing and        Chapters 23 & 24
        Performance Measurement-    (Performance 
        Multinationals	            measurements)       
	
14	Final examination		                Comprehensive 
                                                        examination 
                                                        (50%)