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Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2014
Prerequisites:
(ACCG16971 OR ACCG70016)
Corequisites:
N/A
Equivalents:
ACCG50123
Pre/Co/Equiv Notes: N/A |
Course
Name (short): Finance & Managerial Accting
School: All Sheridan Schools
Program(s):
Human Resource Management
Program Coordinator(s):
Multiple Coordinators
Course Leader or Contact: Multiple Course Leaders
Originator: Suzanna Elmazi
Designate: Suzanna Elmazi
Version: 11.0
Status: Approved - Under Rev (AREV)
Calendar Description
Examine fundamentals of financial and managerial accounting to
assess current company performance and forecast future results.
Study various applications of managerial accounting including cost
behaviour, budgeting, variance analyses, and relevant costs in
decision making
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 offered in a classroom version and an online
version. The online version is a web-based course offered entirely
online through Sheridan and hosted by Sheridan College. Students
taking this course will need reliable access to the internet, and
should have a basic level of comfort using computers as well as the
self-discipline to study online. Students can expect to spend an
additional three hours per week for online activities such as
tutorials and projects. In addition, students need to have access
to minimum hardware and operating system requirements in order to
utilize online training, exams, and projects to complete tests.
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Detailed Description
Students are introduced to the tools needed in financial and
management accounting and learn to apply basic accounting principles
to interpret financial data. Financial data is significant not only
in the effective administration of the human resources function, but
also in relation to the organization as a whole. Topics covered
include: the roles of financial and managerial accounting,
extracting data from financial statements, analyzing cost behaviour,
preparing operating budgets, and interpreting budgetary variances
For the online course students can expect to participate in online
activities including online discussions, submitting online
assignments, online assessments [i.e. quizzes] as well as a
proctored exam.
Program Context
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Human Resource Management |
Program Coordinator: Multiple |
Program: Human Resource
Management
Program Coordinator:
This is a required course in
the Human Resources Sheridan
Certificate offered through
the Faculty of Continuing
and Professional Studies.
This course is accredited
toward a CHRP designation by
HRPA (a minimum of 65% is
required for accreditation
towards CHRP)
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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 interpret managerial accounting and finance reports in the
role of the Human Resources Professional and the business
organization as a whole.
Learning Outcomes Replace
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. Extract data from the basic set of financial statements
used in a business enterprise according to generally
accepted accounting principles (GAAP).
3. Interpret company performance based on financial statements
using ratio analysis and measures of return on investment.
4. Apply various methods and techniques in cost behavior
categories and classifications of costs and how they vary
with changes within service departments and strategic
business units.
5. Analyze cost behavior through break-even, c-v-p analysis,
and cost accounting methods and techniques.
6. Evaluate business decisions for sales, operational, and
service departments including transfer pricing, and
activity based costing
7. Prepare operating budgets, i.e. Flexible, static,
production, and materials
8. Discuss performance measures such as Manufacturing Cycle
Efficiency, Process time, and Residual Income for business
units such as cost, revenue, and investment centres.
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Evaluation Plan
Students demonstrate their learning in the following ways:
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Students demonstrate their learning in the following ways:
Evaluation Plan
Students demonstrate their learning in the following ways:
In Class:
Assignments (4 @ 5% each) 20%
In-class work (10 @ 1% each) 10%
Mid Term Test 35%
Final Exam 35%
Total 100%
Online:*
Assignments (4 @ 5% each) 20%
Discussions (10 @ 1% each) 10%
Quizzes (5 @ 7% each) 35%
Final Exam** 35%
Total 100%
Please note: For the Online Course *Completion of assignments,
discussions, and quizzes will be completed online. **The final exam
will be in class proctored, students are expected to appear in
person.
For in class and online missed tests and/or exam will receive a
grade of "zero" unless prior arrangements are made with the
instructor's approval. Late assignments may be penalized at the
instructor's discretion.
Full participation and attendance is recommended for this course.
Students who miss a class are responsible for any information
discussed, assigned or distributed in that class period.
Students may withdraw up to the 3/4 point of the course duration
without academic penalty. For example, if your course is 14
sessions, you may withdraw (in writing) up to the 11th session
without academic penalty. If you withdraw after this point, you
will receive the grade earned. This policy applies only to courses
and not seminars or workshops.
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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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Notes: N/A
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