ACCG26564
Human Resources Finance and Accounting 1 |
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I: Administrative Information II: Course Details
III: Topical Outline(s) Printable Version Public |
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Section I: Administrative Information
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Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2006
Prerequisites:
(ACCG16971)
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: It is highly recommended that FINA11079
(FINA2001) be taken
before this course. |
Course
Name (short): Hum. Res. Finance & Acctg. 1
School: All Sheridan Schools
Program(s):
Business Human Resources
Program Coordinator(s):
John Hardisty
Course Leader or Contact: Carole Bowman
Originator: Cheryl-Anne Shirley
Designate: Brenda Ciolfi
Version: 2.0
Status: Approved (APPR)
Calendar Description
This course provides human resources students with formal education
in accounting and finance. The course commences with an overview of
financial accounting and external reporting. Financial analysis is
integrated into this section of the course. The focus then changes
to cost accounting with an emphasis on costs and their usefulness for
decision making. Applications to human resources will be incorporated
into the course. Students will learn through activities such as
Internet research, group assignments, problem solving, exercises and
lectures. The concepts introduced in this course provide the
foundation for success in ACCG37981 (ACCG4010) Human Resources
Finance and Accounting 2.
Typical Instructional Format
Mobile
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42.0 |
Total hours: |
42.0 |
Courses may be offered in other formats.
Section I Notes:
Accredited by HRPAO towards CHRP designation.
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Section II: Course Details
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Detailed Description
This course provides human resources students with formal education
in accounting and finance. The course commences with an overview of
financial accounting and external reporting. Financial analysis is
integrated into this section of the course. The focus then changes
to cost accounting with an emphasis on costs and their usefulness for
decision making. Applications to human resources will be incorporated
into the course. Students will learn through activities such as
Internet research, group assignments, problem solving, exercises and
lectures. The concepts introduced in this course provide the
foundation for success in ACCG37981 (ACCG4010) Human Resources
Finance and Accounting 2.
Program Context
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Business Human Resources |
Program Coordinator: John Hardisty |
This course, along with
ACCG37981 (HRMT4010) Human
Resources
Finance and Accounting 2,
will
be accredited by the Human
Resources Professional
Association of Ontario
towards
a CHRP designation (60%
minimum average of the two
courses is required by the
HRPAO).
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Course
Learning Outcomes
Learning
outcomes identify the critical performances, and the knowledge, skills
and attitudes that successful students will have reliably demonstrated
through the learning experiences and evaluation in the course. Successful students will have demonstrated the following:
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Knowledge
- The basic set of financial statements and its components, prepared
by and used in a business enterprise
- Financial statement analysis including vertical, horizontal and
ratio analysis
- The roles and functions of both managerial and financial accounting
in a business organization
- The various categories and classifications of costs and how they
vary with changes in business activity
- Various methods and techniques used to identify, measure and
analyze cost behaviours
- Breakeven analysis, cost-volume-profit analysis, contribution
margin and cost-benefit analysis
- Activity-based costing concepts
Skills
- Prepare and understand financial statements
- Analyze financial statements using vertical, horizontal and ratio
analysis
- Measure and analyze cost behaviours
- Use breakeven analysis, cost-volume-profit analysis and
contribution margin for decision-making
- Use activity-based costing for resource allocation and costing
- Work in a mobile/computerized environment with confidence
Attitudes
- An appreciation of accounting as the language of business
- Commitment to critical thinking and thorough problem analysis
processes and the development of creative accounting solutions
- Responsibility, as demonstrated by behaviors such as attending,
participating, learning in the classroom and home study
- Responsibility in meeting assignment and test due dates
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Evaluation Plan
Students demonstrate their learning in the following ways:
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1. TEST #1 (Week 7) 35%
2. TEST #2 (Week 14) 35%
3. ASSIGNMENTS 30%
(Weekly Assignments)
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Total 100%
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Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:
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Essential Employability
Skills
Essential Employability Skills emphasized in the course:
X
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Communication
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X
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Critical Thinking & Problem Solving
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Interpersonal
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X
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Numeracy |
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Information
Management |
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Personal
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Notes: N/A
Prior Learning Assessment and Recognition
PLAR Contact: Multiple PLA Contacts
Students may apply to receive credit by demonstrating achievement
of the course learning outcomes through previous life and work experiences.
This course is eligible for challenge through the following
method(s):
Challenge Exam |
Portfolio |
Interview |
Other |
Not Eligible for PLAR |
X |
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Notes: N/A
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Section III: Topical Outline
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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: Fall 2006
Professor: Multiple Professors
Textbook(s): Introduction to Managerial Accounting, Canadian Edition, Garrison,
Noreen, Kalagnaham, Vaidyanathan
McGraw-Hill Ryerson (2005) ISBN 0-07-091617-9
Applicable student group(s): Business - Human Resources
Course Details:WEEK
1
TOPIC: Financial Statements
- Analysis of balance sheet, income statement, statement of
retained earnings, cash flow statement with regard to
purpose and components
- How the financial statements relate to one another
- How transactions flow into the financial statements
- Generally accepted accounting principles
______________________________________________________________________
WEEKS 2 & 3
TOPIC: "How Well Am I Doing?" Financial Statement Analysis
(Chapter 14)
- Purpose of financial statement analysis
- Types of analysis
- Limitations
- Interpreting the results
_____________________________________________________________________
WEEK 4
TOPIC: "How Well Am I Doing?" - Cash Flow Statement (Chapter 15)
- Prepare a basic cash flow statement
- Understand the importance of cash to a business
_____________________________________________________________________
WEEK 5
TOPIC: An Introduction to Managerial Accounting (Chapter 1)
- What do managers do and why do they need accounting
information
- Similarities and differences between financial and
managerial accounting
- Ethics
TOPIC: Cost and Concepts (Chapter 2)
- Variable versus fixed costs
- Direct versus indirect costs
- Costs used in decision making
- Components of a product cost
- Period versus product costs
______________________________________________________________________
WEEK 6
TOPIC: REVIEW FOR TEST #1
______________________________________________________________________
WEEK 7
TOPIC: TEST #1
______________________________________________________________________
WEEKS 8 & 9
TOPIC: Cost Behaviour: Analysis and Use (Chapter 6)
- Effect of changes in activity on total and per unit variable
costs
- Effect of changes in activity on total and per unit fixed
costs
- Use a cost formula to predict costs at a new activity level
- Analyzing mixed costs using the high-low method
- Concept of contribution margin and the preparation of a
contribution format income statement
______________________________________________________________________
WEEKS 9, 10 & 11
TOPIC: Cost-Volume-Profit Relationships (Chapter 7)
- Effect of changes in activity on contribution margin and net
income
- Effects of changes in contribution margin on variable costs,
fixed costs, selling price and volume
- Calculate breakeven point in units and sales dollars
- Prepare and understand the components of a Cost-Volume-
Profit Graph
- Use cost-volume-profit analysis to determine the number of
units or amount of sales dollars required to earn a target
profit
- Understand and compute margin of safety in units, sales
dollars and percentages
- Compute degree of operating leverage and understand how
it is used to predict changes in net income
- Cost-volume-profit analysis and uncertainty
______________________________________________________________________
WEEK 12
TOPIC: Activity-Based Costing: (Chapter 5)
- Activity-based costing versus traditional costing
- Distinguish between the different levels of activity used in
activity-based costing
- Assign costs to cost pools using the first stage allocation
- Calculate activity rates for each cost pool
- Discuss how these activity rates can be used to improve
processes
- Assign costs to a cost object using activity rates
- Prepare reports showing product and customer margin from an
activity perspective
______________________________________________________________________
WEEK 13
TOPIC: REVIEW FOR TEST #2
______________________________________________________________________
WEEK 14
TOPIC: TEST #2
______________________________________________________________________
Academic Honesty
The principle of academic honesty 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 faculty member, or otherwise submitting work that is not
the student's own violates this principle and will not be tolerated. Instances of academic dishonesty, including
assisting another student to cheat, will be penalized as detailed in the Student Handbook.
Students who have any questions regarding whether or not specific circumstances involve a breach of academic
honesty are advised to discuss them with the faculty member prior to submitting the assignment in question.
Discrimination and Harassment
Sheridan is committed to provide a learning environment that respects 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 are available in the Student Handbook.
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