Costs and Management Accounting
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  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Fall 2003
Prerequisites: (ACCG2004) AND (ACCG3004)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business - Human Resources, Business Admin - Accounting, Business Admin - Finance
Program Coordinator(s): Multiple Coordinators
Course Leader or Contact: Multiple Course Leaders
Status: Approved - Under Rev (AREV)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Find out how managers use accounting data internally to direct the affairs of organizations, set plans and objectives, and make decisions. Examine the development of internal accounting data, accounting for manufacturing costs of material, and labour and overhead. Please note: ACCG3007 and ACCG3015 together qualify for exemption toward the CGA course of study.

Program Context

Business - Human Resources Program Coordinator: Multiple
This course along with FINA 2001 is accredited by the Human Resources Professional Association of Ontario towards a CHRP dessignation (60% minimum average of the two courses is required by the HRPAO). Program Coordinator: John Hardisty. It is highly recommended that FINA2001 be taken before this course.

Business Admin - Accounting Program Coordinator: Multiple
This course is a core component of the second year of the Accounting Program. This course along with ACCG3015 qualifies for exemption towards the CGA course MA1 with a grade of "B" or better. Program Coordinator: Donna P. Grace

Business Admin - Finance Program Coordinator: Multiple
This is a core component of the second year of the Finance Program. Program Coordinator: Henry Katz.

Course Critical Performance and Learning Outcomes

 Knowledge and Skills:
Successful students will have demonstrated 
knowledge of:

- the role and functions of both managerial and financial accounting 
  in a business organization
- 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 
  analysis cost behaviours
- product costing
- make or buy analysis
- service department costs
- special orders
- irrelevant costs
- cost-benefit analysis
- activity-based costing concepts
- 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 analysis
- 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, eg. return on 
  investment and residual income
- transfer pricing

Successful students will have demonstrated 
attitudes of:

- 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 and assignment 
  due dates.

Evaluation Plan
Students demonstrate their learning in the following ways:

Assignments/Quizzes		20%		
Mid-Term Exam		        40%
Final Exam		        40%
                     Total     100%


Students are expected to make a reasonable effort to attend classes 
and to get involved.  It is the students' responsibility to know where 
they are in the course and to be prepared for the upcoming class 
sessions.  The course schedule should be consulted on a regular basis. 
Absence due to special circumstances should be discussed with the 
professor in advance wherever possible.
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Generic Skills
Generic Skills emphasized in the course:

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

Notes: Critical Thinking

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.
Print Effective Term Professor Applicable Student Group(s)
Fall 2003 Multiple Professors Business Administration - Accounting, Business Administration - Finance
Fall 2003 Multiple Professors Business Administration - Human Resources

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.

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