Management Accounting & Corporate Finance
Sheridan College Logo
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 84.0
Credit Value: 6.0
Credit Value Notes: N/A
Effective: Winter 2004
Prerequisites: N/A
Corequisites: N/A
ACCG3007, FINA3001
Pre/Co/Equiv Notes: N/A

Program(s): Human Resource Management
Program Coordinator(s): John Hardisty
Course Leader or Contact: Alison Feierabend
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: John Hardisty
This course is required for a one year certificate in Human Resource Management (Post Graduate) and is accredited toward a CHRP designation by HRPAO (a minimum of 60% is required for accreditation towards CHRP by HRPAO.)

Course Critical Performance and Learning Outcomes

 Successful students will have demonstrated 
knowledge of:

- The roles and functions of both managerial and financial accounting 
  in a business organization
- The basic set of financial statements, prepared by and used in a 
  business enterprise
- Financial statement analysis using ratio analysis
- The various categories and classifications of costs and how they 
  vary with changes in business activity
- Break-even analysis, c-v-p analysis, contribution margin
- Various methods and techniques used to identify, measure and analyze 
  cost behaviours
- Product costing
- Make or buy analysis
- Service department costs
- Special orders
- Irrelevant costs
- Cost-benefit analysis
- Activity-based costing concepts
- Just-in-time inventory controls and manufacturing systems
- Linkage between planning and budgeting
- Types of budgets, ie, flexible, static, capital, master, operating 
  and financial budgets, and the components and construction of each
- Budgetary variances and analyses
- Concepts of standard costing and related variances
- Responsibility accounting, and cost, revenue and investment centres
- Balance scorecard
- Management control systems in both centralized and decentralized 
  organizations and related measures of performance
- Strategic business units and segmented financial reporting
- Financial evaluation techniques for business units, e.g., return on 
  investment and residual income
- Transfer pricing

Successful students will have demonstrated attitudes of:

- An appreciation of accounting as the language of business
- Confidence to think critically to analyze and solve problems
- An appreciation of how financial decisions may be influenced by 
  performance evaluation and reward policies and structures
- A willingness to forecast and budget under conditions of uncertainty
- An appreciation of how the motivation, performance and evaluation of 
  employees can be facilitated and enhanced by the quantification of 
  objectives and goals
- Confidence to interface proficiently with accounting and financial 
  staff members in a business organization
- Commitment to thorough problem analysis processes and the 
  development of creative accounting solutions
- Responsibility, as demonstrated by behaviours such as attending, 
  participating and learning in the classroom and home study
- Responsibility in meeting test due dates
- Confidence working in a mobile/computerized environment
Evaluation Plan
Students demonstrate their learning in the following ways:

Exams (4 @ 25% each)   100%
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Generic Skills
Generic Skills emphasized in the course:

  communication - written   communication - oral   communication - visual
X analytical   creative thinking X decision making
  interpersonal X numeracy   organizational
X problem solving   technological   other (see below)

Notes: N/A

General Education
This General Education course relates to the following themes as specified by the Ministry of Training, Colleges and Universities.

  asthetic appreciation   social understanding
  civic life   understanding science
  cultural understanding   understanding technology
  personal development   work and the economy

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 Portfolio Interview Other Not Eligible for PLAR

Notes:  N/A

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.
Effective term: Winter 2004
Professor: Multiple Professors
Managerial Accounting:  Concepts for Planning, Control, Decision 
Making, Sixth Edition, Garrison, Noreen, Chesley, Carroll
McGraw-Hill Ryerson (2001)  ISBN 0-07-091516-4

Alternative Texts:

1.  Meigs, R.F., M.A. Meigs, M. Bettner & W.P. Lam, Accounting, 9th 
    Canadian Edition, McGraw-Hill, Toronto, 1999.

2.  Warren, C.S., P.E. Fess, J.M Mallauk, Accounting Management 
    Accounting (Vol. 3).  Canadian Edition, Nelson, Toronto.  1999.

Applicable student group(s): Human Resource Management Post Graduate
Course Details:
UNIT #1      Financial Accounting:  The Record Keeping and External   
             Reporting System

Week 1       Chapter 1     Managerial Accounting and the Business     

Week 1 & 2   Chapter 15    How well am I doing?  Financial Statement  

UNIT #2      Cost Behaviour & Cost Volume Profit Analysis

Week 3       Chapter 2     Cost, Terms, Concepts and Classifications

Week 3       EXAM UNIT #1

Week 4       Chapter 5     Cost Behaviour:  Analysis and Use

Week 5       Chapter 6     Cost Volume Profit Relationships

Week 6       Chapter 8     Activity Based Costing:  A Tool to Aid 
                           Decision Making

Week 7       EXAM UNIT #2

UNIT #3      Costs In Decision Making

Week 8       Chapter 13    Relevant Costs for Decision Making

Week 9       Appendix D    Service Department Costing:  An Activity 

Week 10      EXAM UNIT #3

UNIT #4      Budgets & Budgetary Control

Week 11      Chapter 9     Profit Planning

Week 12      Chapter 10    Standard costs and the Balanced Scorecard

Week 12      Chapter 11    Flexible Budgets and Overhead Analysis

Week 13      Chapter 12    Decentralization and Segment Reporting

Week 13      Appendix 12a  Transfer Pricing

Week 14      EXAM UNIT #4

Sheridan Policies

All Sheridan policies can be viewed on the Sheridan policy website.

Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.

Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)

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. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. 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.