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: 48.0
Credit Value: 3.5
Credit Value Notes: N/A
Effective: Fall 2018
Prerequisites: ACCG70007
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance Courses
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20180904_00
Status: Approved (APPR)

Section I Notes: This is a Conestoga College course that is offered through Sheridan FCAPS. Students who register for the course through Sheridan will receive credit from Sheridan College only. Access to the course materials will be through OntarioLearn.com

Section II: Course Details

Detailed Description
Examine the various approaches to the treatment of fixed manufacturing overhead on income statements. Also explore various approaches for measuring performance including the use of segmented income statements, methods of allocating service department costs and the costs of joint processes. Various methods of arriving at prices for products and services, the nature and importance of accounting for quality costs, and how to analyze cost behaviour are studied.

Program Context

Accounting and Finance Courses	Program Coordinator(s): N/A
N/A

Course Critical Performance and Learning Outcomes

	Critical Performance:
	N/A

Learning Outcomes:

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

Explain the purpose of and illustrate common methods used in the allocation of service department costs. Describe how costs behave with respect to changes in volume and develop linear cost function to express such relationships.
Apply the various steps associated with the assembly and preparation of a master budget.
Analyze the use of flexible budgets in a manufacturing business.
Analyze the variable and fixed manufacturing cost variances in a standard cost system.
Prepare the journal entries associated with a standard cost system for a manufacturing business.
Identify the fundamental differences between variable costing and absorption costing.

Evaluation Plan
Students demonstrate their learning in the following ways:

Evaluation Plan: ONLINE

	Assignments	40.0%
	Term Test	20.0%
	Final Exam	40.0%
	Total	100.0%

Evaluation Notes and Academic Missed Work Procedure:

Note: Students must accumulate an average passing grade on the two term tests combined in order to complete this course successfully. 

The case study and computer assignments must all be submitted on time and be complete in a satisfactorily manner in order to pass 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
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):

Other
Notes: This course is delivered through OntarioLearn at ontariolearn.com and is hosted by (Conestoga College) CG-ACCT1360.

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: Online
Professor: Multiple Professors
Resource(s):

	Type	Description
Required	Textbook	Managerial Accounting, Garrison, Chesley, Carroll and Webb, McGraw-Hill Ryerson, 11th, ISBN 9781259269479

Applicable student group(s): All
Course Details:

N/A

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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