Sheridan Course Outlines

Land Acknowledgement

Sheridan College resides on land that has been, and still is, the traditional territory of several Indigenous nations, including the Anishinaabe, the Haudenosaunee Confederacy, the Wendat, and the Mississaugas of the Credit First Nation. We recognize this territory is covered by the Dish with One Spoon treaty and the Two Row Wampum treaty, which emphasize the importance of joint stewardship, peace, and respectful relationships.

As an institution of higher learning Sheridan embraces the critical role that education must play in facilitating real transformational change. We continue our collective efforts to recognize Canada's colonial history and to take steps to meaningful Truth and Reconciliation.

Section I: Administrative Information

Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Spring/Summer 2022
Prerequisites: ACCG20478
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin. Accounting
Program Coordinator(s): Orlando Brown
Course Leader or Contact: Peter Kamala
Version: 20220509_00
Status: Approved (APPR)

Section I Notes: Allowable calculator: Texas Instruments BAII Plus

Section II: Course Details

Detailed Description
Students further develop the tools and techniques introduced in the introductory managerial accounting course with an in-depth study of such topics as cost management and strategy, implementing a strategy, the management and control of quality, cost allocation, strategy and the master budget, cost planning for the product life cycle, operational performance measurement and strategic performance measurement. Students explore a variety of tools to achieve goal congruence with the firm; to examine organizational efficiencies; as well as explore the use of contemporary cost management techniques to formulate competitive strategies.

Program Context

Business Admin. Accounting	Program Coordinator(s): Orlando Brown
This course is an optional elective in the three year Business Administration Accounting program.

Course Critical Performance and Learning Outcomes

	Critical Performance:
	By the end of this course, students will have demonstrated the ability to support management decision making, through the use of appropriate and relevant management accounting reports, tools and techniques.

Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

Explain and apply strategic management accounting control systems and techniques for analyzing and managing costs for competitive advantage.
Identify, calculate and interpret variances from standard costs, suggest corrective action for exceptional variances and apply tools to detect and correct quality problems
Apply appropriate methods to allocate service department costs to operating departments, and joint costs to joint products and by- products.
Analyze the efficiency and appropriateness of a company's existing budgeting system and suggest suitable alternative approaches to budgeting.
Analyze the performance of the management of an organization using responsibility accounting, the balanced scorecard and evaluate transfer pricing options that are suitable for an entity's operating environment and strategies.
Apply the relevant management accounting tools to evaluate the sustainability performance of an organization

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: IN-CLASS

	Quizzes (10 @ 1% each)	10.0%
	Assignments (10 @ 2% each)	20.0%
	Group Project	10.0%
	Midterm Exam	25.0%
	Cumulative Final Exam	35.0%
	Total	100.0%

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:

Essential Employability Skills
Essential Employability Skills emphasized in the course:

Communication Skills - Communicate clearly, concisely and correctly in the written, spoken, visual form that fulfills the purpose and meets the needs of the audience.
Communication Skills - Respond to written, spoken, or visual messages in a manner that ensures effective communication.
Numeracy - Execute mathematical operations accurately.
Critical Thinking & Problem Solving - Apply a systematic approach to solve problems.
Critical Thinking & Problem Solving Skills - Use a variety of thinking skills to anticipate and solve problems.
Interpersonal Skills - Show respect for the diverse opinions, values, belief systems, and contributions of others.
Interpersonal Skills - Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar
Students may apply to receive credit by demonstrating achievement of the course learning outcomes through previous relevant work/life experience, service, self-study and training on the job. This course is eligible for challenge through the following method(s):

Challenge Exam and Portfolio
Notes: Students must successfully complete a challenge exam and provide a portfolio demonstrating relevant life and work experience specific to this course.

Section III: Topical Outline

Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Instruction Mode: In-Class
Professor: Multiple Professors
Resource(s):

	Type	Description
Required	Textbook	A Strategic Emphasis (Canadian Companion Connect), Blocher, E.J, Stout, D.E., Juras, P.E., and Smith, S.D., McGraw Hill, 9th, 2022

Applicable student group(s): Business Administration - Accounting
Course Details:

Module 1: Cost Management and Strategy

Explain the use of cost management information in each of the four functions of management and in different types of organizations with emphasis on the strategic management function.
Explain the contemporary business environment and how it has influenced cost management.
Explain the contemporary management techniques and how they are used in cost management to respond to the contemporary business environment.
Explain the different types of competitive strategies.
Describe the professional environment of the management accountant, including professional organizations, professional certifications, and professional ethics.
Describe the principles and rules of professional ethics and explain how to apply them.

Learning Outcomes: 1
Reference: Chapters 1
Assessment: Quiz #1 (1%), Assignment #1 (2%)

Module 2: Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

Explain how to implement a competitive strategy by using Strengths-Weaknesses-Opportunities-Threats (SWOT) Analysis
Explain how to implement a competitive strategy by focusing on the execution of goals.
Explain how to implement a competitive strategy using value-chain analysis.
Explain how to implement a competitive strategy using the balanced scorecard and strategy map.
Explain how to expand the balanced scorecard by integrating sustainability.

Learning Outcomes: 1
Reference: Chapters 2
Assessment: Quiz #2 (1%), Assignment #2 (2%)

Module 3: The Management and Control of Quality

Discuss the strategic importance of quality.
Define accounting’s role in the management and control of quality.
Develop a comprehensive framework for the management and control of quality.
Understand alternative approaches for setting performance expectations (Six Sigma, goalpost vs. absolute specifications, and Taguchi quality loss functions).
Prepare and interpret relevant financial information to support quality-related initiatives.
Discuss the use of nonfinancial performance data to support quality-related initiatives.
Describe and understand tools that can be used to detect and correct quality problems.
Describe lean manufacturing and changes in management accounting systems to support a change to “lean”.

Learning Outcomes: 2
Reference: Chapter 3
Assessment: Quiz #3 (1%), Assignment #3 (2%)

Module 4: Cost allocation: Departments, Joint products, and By-products

Identify the strategic role and objectives of cost allocation.
Explain the ethical issue of cost allocation.
Use the three steps of departmental cost allocation.
Explain the problems in implementing the different departmental cost allocation methods.
Explain the use of cost allocation in service firms.
Apply four costing methods to allocate joint costs to joint products and by-products.

Learning Outcomes: 3
Reference: Chapter 7
Assessment: Quiz #4 (1%), Assignment #4 (2%)

Midterm Exam Modules 1-4 (25%)

Module 5: Strategy and the Master Budget

Describe the role of budgets in the overall management process.
Discuss the importance of strategy and its role in the master budgeting process.
Outline the budgeting process.
Prepare a master budget and explain the interrelationships among its supporting schedules.
Explain uncertainty in the budgeting process.
Identify unique characteristics of budgeting for service companies.
Describe alternative approaches to budgeting (zero-base, activity-based, time-driven activity-based, and kaizen budgeting)
Discuss various behavioral considerations in budgeting.

Learning Outcomes: 4
Reference: Chapter 10
Assessment: Quiz #5 (1%), Assignment #5 (2%)

Module 6: Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Explain how to use target costing to facilitate strategic management.
Apply the theory of constraints to strategic management.
Describe how life-cycle costing facilitates strategic management.
Outline the objectives and techniques of strategic pricing.

Learning Outcomes: 1
Reference: Chapters 13
Assessment: Quiz #6 (1%), Assignment #6 (2%)

Module 7: Operational Performance Measurement: Sales, Direct Cost Variances, and the Role of Nonfinancial Performance Indicators

Explain the essence of control systems in general and operational control systems in particular.
Explain the total operating income variance for a given period.
Develop a general framework for subdividing the total operating income variance into component variances.
Develop standard costs for product costing, performance evaluation, and control.
Record manufacturing cost flows and associated variances in a standard cost system.
Discuss major operating functions and the need for non-financial performance indicators.

Learning Outcomes: 2
Reference: Chapter 14
Assessment: Quiz #7 (1%), Assignment #7 (2%)

Module 8: Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Identify the objectives of management control.
Identify the types of management control systems.
Explain the objectives and applications of strategic performance measurement for cost centers, revenue centers, and profit centers.
Explain the role of variable costing and full costing in evaluating profit centers.
Explain the role of the balance scorecard in strategic performance measurement.

Learning Outcomes: 5
Reference: Chapters 18
Assessment: Quiz #8 (1%), Assignment #8 (2%)

Module 9: Strategic Performance Measurement: Investment Centers & Transfer Pricing

Explain the use and limitations of return on investment for evaluating the short-term financial performance of investment centers.
Explain the use and limitations of residual income for evaluating the short-term financial performance of investment centers.
Explain the use and limitations of economic value added for evaluating the short-term financial performance of investment centers.
Explain the objectives of transfer pricing and describe the advantages and disadvantages of various transfer pricing alternatives.
Understand important international issues that arise in transfer pricing.

Learning Outcomes: 5
Reference: Chapters 19
Assessment: Quiz #9 (1%), Assignment #9 (2%)

Module 10: Use of Excel Pivot Tables in managerial accounting

Create, modify, and format Pivot Tables
Use summary functions and customized calculations
Group numbers and dates
Create filters and slicers
Search a PivotTable field list
Link and update PivotTables
Create pivot charts
Calculate, summarize and analyze data using PivotTables
Draw comparisons, patterns, and trends in data using PivotTables
Use spreadsheets to prepare ad hoc managerial accounting reports

Learning Outcomes: 1 - 6 Reference: Instructors resources
Assessment: Quiz #10 (1%), Assignment #10 (2%)
Group Project (10%)

FINAL EXAM (Cumulative) 35%

Sheridan Policies

It is recommended that students read the following policies in relation to course outlines:

Academic Integrity
Copyright
Intellectual Property
Respectful Behaviour
Accessible Learning

All Sheridan policies can be viewed on the Sheridan policy website.

Appropriate use of generative Artificial Intelligence tools: In alignment with Sheridan's Academic Integrity Policy, students should consult with their professors and/or refer to evaluation instructions regarding the appropriate use, or prohibition, of generative Artificial Intelligence (AI) tools for coursework. Turnitin AI detection software may be used by faculty members to screen assignment submissions or exams for unauthorized use of artificial intelligence.

Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.

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