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: Lesley Rumsby
Designate: Lesley Rumsby
Version: 9.0
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

Courses may be offered in other formats.

Section I Notes: Accredited by HRPAO for CHRP designation: March 1994

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

 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.

Exams (4 @ 25% each)   100%

Introduction to Managerial Accounting, Third Canadian Edition
Brewer Garrison Noreen Kalagnanam Viadyanathan

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%)