ACCG70021
Management Accounting 2		 Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 

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Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2016
Prerequisites: ACCG70020
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20160906_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. For on-line students the Final Exam will be administered in-person.
 
 
Section II: Course Details

Detailed Description
Students build on the fundamentals of management accounting covered in ACCG70020, Management Accounting 1. This course explores the various forms of costing used to inform management accountants and their decision making. Topics include process costing, activity-based costing, service department costing, standard costing, variance analysis, relevant costing and decision making, flexible budgets and pricing decisions. Students use Connect (an online site) to engage in practice exercises and develop their skills. Assignments are submitted through the use of Connect. Additionally, students use Slate2 to access course content, engage in student collaboration and contact the instructor. Students in the online course can expect to view online lectures and lessons, participate in discussions, and submit assignments and tests using the internet. The Final exam will be administered in-person.

Program Context

 
Accounting and Finance 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 analytical tools to create accounting reports, plan, control and evaluate an organization.
 
Learning Outcomes:

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

  1. Establish a product's unit cost by appropriately applying direct material, direct labor and manufacturing overhead.
  2. Prepare a formal departmental production report for a process costing system using the Weighted Average and FIFO methods.
  3. Prepare the journal entries to record inventory flow in a process cost system.
  4. Allocate Service Department costs using the Direct, the Step-Down, and the Reciprocal method.
  5. Employ Activity Based Costing (ABC) in management decisions.
  6. Evaluate unit product costs under ABC and Traditional Costing.
  7. Employ flexible budgets and overhead performance reports for directing and controlling an organization.
  8. Apply cost and revenue variances to improve decision making and evaluating personnel.
  9. Utilize quality to specification to analyze the cost of quality.
  10. Utilize non-financial strategies to improve financial performance.
  11. Utilize relevant costs to develop models supporting management decision making.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Slate2 Discussion5.0%
 Assignments (Accessed using Connect)8.0%
 Major Assignment (Posted on Slate2: Content/Module 1/Major Assignment)7.0%
 Test 1 - Module 1 to 5 Connect (2 hrs)20.0%
 Test 2 - Module 6 & 7 Connect (2 hrs)20.0%
 Final Exam - Comprehensive In-class (3 hrs)40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
A weekly question will be posted requiring two responses engaging other students. The student may also earn the grade by discussing course material with other students on Slate2. Students must achieve a minimum of 50% on the final exam to earn credit for this course.



Evaluation Plan: IN-CLASS
 Group Presentation5.0%
 Assignments (CONNECT)8.0%
 Major Assignment7.0%
 Test 1 - Module 1 to 520.0%
 Test 2 - Module 6 & 7 In-Class (2 hours)20.0%
 Final Exam - Comprehensive In-Class (3 hours)40.0%
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 students in the online and in-class course.
Online Multiple Professors Faculty of Continuing and Professional Studies students in the online and in-class course.

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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