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: Fall 2019
Prerequisites: ACCG50253
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Professional Accounting Grad
Program Coordinator(s): Lorraine Alyea
Course Leader or Contact: Alison Feierabend
Version: 20190903_01
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. Topics include an in-depth study of such topics as variance analysis, budgeting, costing and pricing as well as advanced topics such as decision making under uncertainty. Students learn through interactive lectures, computer exercises, case studies, and classroom activities.

Program Context

Professional Accounting Grad	Program Coordinator(s): Lorraine Alyea
This course is a required course in the Professional Accounting Ontario College Graduate Certificate.

Course Critical Performance and Learning Outcomes

	Critical Performance:
	By the end of this course, students will have demonstrated the ability to inform management recommendations using appropriate and relevant management accounting reports, tools and techniques.

Learning Outcomes:

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

Define the managerial accountant's role in the decision-making process.
Explain why management accountants must adapt to change.
Discuss contemporary managerial accounting methods being implemented in organizations.
Utilize linear programming as a decision making tool.
Develop proven measurement spreadsheet models that exhibit sound planning and ease of use.
Evaluate management performance of an organization using analytical tools such as responsibility accounting, activity-based costing, customer profitability analysis, and strategic profitability analysis.
Prepare a flexible budget for use in variance analysis to assess management performance.
Assess the analytical tools used for management planning and control in not-for-profit and government organizations.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION

	Quizzes (8x1.25%)	10.0%
	Assignments (8x2.5%)	20.0%
	Group Presentation	10.0%
	Midterm Exam	25.0%
	Final Exam Comprehensive	35.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

In addition to achieving a minimum 50% overall grade, a student must achieve a grade of at least 50% on the final comprehensive exam in order to receive credit for this course.

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

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar

Not Eligible for PLAR

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 & Online Instruction
Professor: N/A
Resource(s):

	Type	Description
Required	Textbook	Cost Management: A Strategic Emphasis, Blocher, Stout, Juras and Smith, McGraw-Hill Ryerson, Eighth International Edition., 2019, with Connect

Applicable student group(s): Professional Accounting Ontario College Graduate Certificate
Course Details:

Module 1 – Role of the Management Accountant

Management accounting versus financial accounting
The roles of management accounting in the mid-20th-century
Management accounting and cost accounting
Role of management accounting in management of the organization

Learning Outcome: 1, 2, 3

Chapters: 1 and 2

Assessment: Quiz #1 (1.25%), Assignment #1 (2.5%)

Module 2 – Cost Management and Cost Systems

Nature of costs
Cost classifications
Service department cost allocation
Job order costing
Joint and by-product costing
Process costing
Indirect cost allocation systems
Activity-based costing systems

Learning Outcome: 3, 5, 6, 8

Chapters: 3, 4, 5, 6 and 7

Assessment: Quiz #2 & #3 (1.25% each), Assignment #2 & #3 (2.5%each)

Module 3 – Management Accounting Analysis

Cost estimation
Cost-volume-profit analysis
Trend and sensitivity analysis

Learning Outcome: 5, 6, 8

Chapters: 8 and 9

Assessment: Quiz #4 (1.25%), Assignment #4 (2.5%)

Mid-term examination (Modules 1 through 3) 25%

Module 4 – Budgeting, Pricing and Decision Making

Nature of the budgeting process
Master budget and its components (sales, production, materials, labour and inventory, overheard and administration, cash)
Activity-based budgeting
Zero-based budgeting
Capital and cash budgeting
Other methods for determining and controlling costs (e.g. Kaizen costing, product life cycle costing)
Relevant costing
Pricing strategies
Sourcing
Cost-plus compared to fixed price contract
Linear programming

Learning Outcome: 4, 5, 6, 8

Chapters: 10, 11, 12, 13 and Appendix 11A

Assessment: Quiz #5 & 6 (1.25% each), Assignment #5 & 6 (2.5% each)

Module 5 – Variance Analysis and Decision Making

Standard costs systems
Flexible budgets
Budget variance analysis
Benchmarking

Learning Outcome: 5, 6, 7, 8

Chapters: 14, 15 and 16

Assessment: Quiz #7 (1.25%), Assignment #7 (2.5%)

Module 6 – Management Level Control and Transfer Pricing

Industry structure
Product differentiation, mix and marketing
Market price-based approaches
Cost-based approaches
Negotiate transfer prices
Other transfer prices
General transfer pricing model
International transfer pricing
Performance indicators

Learning Outcome: 3, 5, 6, 8

Chapters: 18 and 19

Assessment: Quiz #8 (1.25%), Assignment #8 (2.5%)

Group Presentations

Learning Outcomes: 1, 2, 3, 4, 5, 6, 7, 8

Assessment: Group Assignment 10%

FINAL EXAMINATION (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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