ACCG70020
Management Accounting 1		 Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

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: Fall 2018
Prerequisites: ACCG70016
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 course is offered in a classroom version and an online version. In the classroom version, there are three hours per week of classroom instruction. The online version is a web-based course offered entirely online through 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 independently. Students can expect to spend an additional three hours per week for online activities such as postings, discussions, homework and assignments. The final exam for both classroom and online courses will be conducted in class. Students need to come in-person to write the exam at a specified location and will be supervised by the instructor or a proctor.
 
 
Section II: Course Details

Detailed Description
Students are introduced to the analytical tools used in managerial accounting. Students examine how accounting information is used within an organization in making important financial decisions for planning, controlling costs and evaluating an organization's performance. Students study the fundamental concepts of managerial accounting including how volume affects cost, fixed and variable costs, interpreting and designing graphs and scatter plots, types of budgets and their uses in internal financial planning, job order versus process costing, as well as the ethical standards involved in managerial accounting. Students in the online course engage in online discussions, online assignments, independent readings and assigned exercises and problems. The course consists of writing two online tests at a specified date and time. The final exam will be held in a class setting.

Program Context

 
Accounting and Finance Courses Program Coordinator(s): N/A
This course is offered through the Faculty of Continuing & Professional Studies.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to use internal accounting data for decision making to plan, control and evaluate the performance of an organization.
 
Learning Outcomes:

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

  1. Differentiate the roles and functions of managerial and financial accounting in a business organization.
  2. Differentiate the various variable, fixed, direct and indirect cost classifications used by management accountants.
  3. Use analytical techniques of a job-order costing system to allocate component costs and prepare cost schedules.
  4. Use cost-volume-profit sensitivity analysis to explain cost behavior.
  5. Prepare a master budget to aid in planning, controlling and evaluating an organization.
  6. Explain the advantages, disadvantages and analytical techniques used to evaluate the different types of responsibility centers.
  7. Evaluate transfer pricing decisions between departments.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Online discussion5.0%
 Online Assignments (7x1%)7.0%
 Major Assignment8.0%
 Test 120.0%
 Test 220.0%
 Final Exam Comprehensive40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
A minimum grade of 50% must be achieved on the final exam in order to receive credit for this course. The final exam will be conducted in class. For the online delivery, the two tests will be written online at a specified date and time. Students will write the final exam in-person.



Evaluation Plan: IN-CLASS
 Online Assignments (8x1.5%)12.0%
 Major Assignment8.0%
 Test # 120.0%
 Test # 220.0%
 Final Exam Comprehensive40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
N/A

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):

  • 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.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Faculty of Continuing and Professional Studies Online and In-Class students.
Online Multiple Professors Faculty of Continuing and Professional Studies Online and In-Class students.

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.
[ Printable Version ]

Copyright © Sheridan College. All rights reserved.