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Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2009
Prerequisites:
(ACCG50102) AND (APPL50082)
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A |
Course
Name (short): Managerial Accounting
School: Business
Program(s):
Accounting in Canada
Program Coordinator(s):
Sally Mitzel
Course Leader or Contact: Lorraine Cipparrone
Originator: Cheryl-Anne Shirley
Designate: Cheryl-Anne Shirley
Version: 1.02
Status: Approved (APPR)
Calendar Description
Using a case-based approach, students will perform analyses to
support managerial decisions, design and implement effective
management control systems, and develop and take into account the
ethical responsibilities of a management accountant.
Typical Instructional Format
Lecture
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42.0 |
| Total hours: |
42.0 |
Courses may be offered in other formats.
Section I Notes:
This course is eligible for transfer credit for MA2 to the Certified
General Accountants of Ontario professional accounting program of
study. Students must obtain a minimum B grade in the course to
qualify.
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Detailed Description
Using a case-based approach, students learn how to apply performance
measurement and control techniques to ensure the implementation of
strategic planning of Canadian companies while exercising the ethical
responsibilities of a management accountant. The assignments develop
the concepts required for management accounting information and the
control systems required for achieving goal congruency. Topics
include designing performance measures and balanced scorecards,
designing comprehensive and critical mission incentives,
incorporating tools for controlling costs, analyzing cost management
and performance management systems, designing appropriate transfer
and intercompany organizational communications and agreements, and
incorporating ethical standards.
Program Context
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| Accounting in Canada |
Program Coordinator: Sally Mitzel |
This is a core course in the
Ontario Graduate Certificate -
Accounting in Canada for
Internationally Trained
Accountants. This course
forms the basis for
management information,
processes, controls and
decision making for the
program.
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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: apply management accounting tools and techniques to
generate accurate, appropriate and crucial internal information and
reports in a controlled environment, which support management
decisions in achieving a firm`s strategy.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to:
1. Discuss the management accounting role in achieving a firm`s
strategy.
2. Recommend various tools and techniques for controlling costs and
influencing a positive economic outcome and working environment.
3. Design incentives for ensuring managers and employees achieve goal
congruence with the firm.
4. Design performance measures and balanced scorecards for ensuring
the firm is effective and efficient in meeting its strategy.
5. Analyze a company`s existing budgeting system and process for
efficiency and appropriateness to the industry and company
environment.
6. Apply cost accounting terminology and cost-volume analysis in
assessing the value of a firm`s activities.
7. Assess costing systems to determine an appropriate system for
specific industries.
8. Apply standard costs and activity-based costing to appropriate
corporate operations and management.
9. Appraise the strengths and shortcomings of cost management and
performance measurement systems.
10.Design transfer prices that motivate all parties of the ransaction.
11.Communicate professionally in oral and written form.
12.Incorporate appropriate ethical standards in all assigned work.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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In-class quizzes 4 quizzes X 2.5 10%
Assignments 5 assignments x 5%* 25%
One Group Presentation 15%
Mid Term Test 20%
Final Test 30%
100%
* Assignments and the presentation are group activities. Groups
will be established at the beginning of the semester. Mid term
test and final test are individual marks.
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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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Critical Thinking & Problem Solving
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Interpersonal
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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 |
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X |
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 2009
Professor: Tba
Textbook(s): Horngren, Foster, Datar, Teall and Gowing, Cost Accounting: A
Managerial Emphasis, 5th Canadian Edition (Toronto, Ontario:
Pearson Prentice Hall, 2010)
Applicable student group(s): Accounting in Canada for Internationally Trained Accountants.
Course Details:Unit Topic Resources Evaluation
1 Course introduction Text: Chapter 1
Management Accounting,
Strategy , Decision
Making and Ethics
(LO: 1, 2, 3)
2 Cost Terminology Text: Chapter 2 Quiz 1 (2.5%)
and cost flows
(LO: 2, 7, 8, 9)
3 Building a profit Text: Chapter 3 Assignment 1 5%
plan; cost volume
profit analysis,
Contribution Margin
(LO: 6, 7, 8)
4 Evaluating Profit Text: Chapter 4 Quiz 2 (2.5%)
Performance; costing Text: Chapter 5
systems (LO: 9, 10)
5 Cost Management Text: Chapter 19 Assignment 2 5%
including economic Text: Chapter 20
order quantity, JIT,
relevant costs
(LO: 2, 8, 9)
MID TERM TEST 20%
6 Budgeting - Linking Text: Chapter 6 Quiz 3 (2.5%)
Performance to Text: Chapter 21
Marketplace including Text: Chapter 22
Master budget, Capital
budgeting, Kaizen
budgeting
(LO: 5, 6, 8, 9)
7 Management Control Text: Chapter 23 Assignment 3 5%
Systems and Transfer
Pricing
(LO: 6, 8, 9, 10)
8 Strategy Balanced Text: Chapter 13 Quiz 4 (2.5%)
Scorecard, and Assignment 4 5%
Strategic Profitability
Analysis (LO:1, 2, 3,4,9)
9 Performance Measurement, Text: Chapter 24 Assignment 5 5%
Compensation, and
Multinational
Considerations
(LO: 2, 3, 4, 5, 6,
7, 8, 9, 10, 11)
10 Group Presentations All group
presentations
15 %
Final exam 30%
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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