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: 56.0
Credit Value: 4.0
Credit Value Notes: N/A
Effective: Spring/Summer 2023
Prerequisites: N/A
Corequisites: N/A
Equivalents: (ACCG23626 FINA21048)
Pre/Co/Equiv Notes: N/A

Program(s): Human Resource Management
Program Coordinator(s): John Hardisty
Course Leader or Contact: N/A
Version: 20230508_01
Status: Approved (APPR)

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

Section II: Course Details

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

Human Resource Management	Program Coordinator(s): 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.)

Course Critical Performance and Learning Outcomes

	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:

Discuss the roles and functions of both managerial and financial accounting in a business organization context.
Prepare the basic set of financial statements used in a business enterprise according to generally accepted accounting principles (GAAP).
Evaluate financial statements using ratio analysis and measures of investment return for performance measurement and business decisions.
Prepare managerial reports using the contribution margin approach including various inventory costing methods and segmented reporting.
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.
Analyze cost behavior through break-even, c-v-p analysis, regression and cost accounting methods and techniques.
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.
Prepare operating and financial budgets, ie, flexible, static, capital, master.
Analyze budgetary and operational variances.
Prepare Balanced Scorecard performance measurements for responsibility, and accountability of corporations, departments, and employees conducting business in cost, revenue, and investment centers.
Evaluate management control systems in both centralized and decentralized organizations with related measures of performance.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: IN-CLASS

	Quizzes (11 x 22%)	22.0%
	Interactive Tutorial (10 x 2%)	20.0%
	Test 1	18.0%
	Test 2/Assignment	20.0%
	Test 3	20.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

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

Essential Employability Skills
Essential Employability Skills emphasized in the course:

Numeracy - Execute mathematical operations accurately.
Critical Thinking & Problem Solving Skills - Use a variety of thinking skills to anticipate and solve problems.
Critical Thinking & Problem Solving - Apply a systematic approach to solve problems.

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
Notes:

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	Introduction to Managerial Accounting, Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan, McGraw Hill, 6 Canadian Edition, ISBN 1260333183, 2020
Required	Other	Students will be required to use Connect. It is included with new copies of the textbook. Connect also includes an e-book so purchasing a hard copy of the textbook is optional. Connect can be purchased separately directly from the McGraw-Hill website.

Applicable student group(s): Human Resource Management Ontario College Graduate Certificate
Course Details:

Module 1: Introduction to Financial & Managerial Accounting

An Overview of Financial Accounting
An Introduction to Managerial Accounting
Financial Accounting: The Record Keeping and External Reporting System (Financial Accounting supplement)
Cost Concepts
Cost Behaviour: Analysis and Use

References: Chapters 1, 2, 6

Learning Outcomes: 1, 2, 4, 5, 6

Evaluation: Interactive Tutorials (6%), Quizzes (8%), Test 1 (18%)

Module 2: Costs, Cost-Volume-Profit Analysis & Budgeting

Activity-Based Costing
Cost-Volume-Profit Relationships Budgeting
Standard Costs and Variances
Flexible Budgets and Overhead Analysis

References: Chapters 7, 8, 9, 10

Learning Outcomes: 4, 5, 6, 8, 9

Evaluation: Interactive Tutorials (8%), Quizzes (8%), Test/Assignment 2 (20%)

Module 3: Costs Performance Management & Analysis for Decision Making

Relevant Costs for Decision Making Capital Budgeting Decisions
Organizational Structure and Performance Measurement "How well am I doing?" Financial Statement Analysis

References: Chapters 9, 10, 12, 13

Learning Outcomes: 3, 4, 5, 6, 7, 8, 9, 10, 11

Evaluation: Interactive Tutorials (6%), Quizzes (6%), Test 3 (20%)

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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