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Credit Value: 4.0
Credit Value Notes: N/A
Effective: Winter 2013
Prerequisites:
N/A
Corequisites:
N/A
Equivalents:
ACCG23626, FINA21048
Pre/Co/Equiv Notes: N/A |
Course
Name (short): Management Acctg & Corp Fin
School: All Sheridan Schools
Program(s):
Human Resources Management
Program Coordinator(s):
John Hardisty
Course Leader or Contact: Carol Riggs
Originator: Sarah Bell
Designate: Sarah Bell
Version: 7.0
Status: Approved - Under Rev (AREV)
Calendar Description
This 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.
Typical Instructional Format
Mobile
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56.0 |
Total hours: |
56.0 |
Courses may be offered in other formats.
Section I Notes:
Accredited by HRPAO for CHRP designation:
March 1994
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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
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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.)
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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 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.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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Exams (4 @ 25% each) 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:
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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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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 2013
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%)
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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