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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: Winter 2004
Prerequisites: ACCG3007
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin - Accounting
Program Coordinator(s): Multiple Coordinators
Course Leader or Contact: Multiple Course Leaders
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
This course emphasizes the use of accounting data by managers for internal uses, including decision making, planning and control, and non-routine planning. Topics include: relevant costs, flexible budgets and fixed overhead analysis, labour and overhead, and cost allocations. Please note: ACCG3007 and ACCG3015 together qualify for exemption toward the CGA course of study.

Program Context

Business Admin - Accounting Program Coordinator: Multiple
This course is a core component of the second year of the Accounting Program, building on the first year learning experiences of ACCG2004 and ACCG3004 and ACCG3007 (Cost and Management Accounting). This course along with ACCG3007 qualifies for exemption towards the CGA course MA1 with a grade of "B" or better. Program Coordinators: Alison Feierabend (Trafalgar); Donna P. Grace (Davis)

Course Critical Performance and Learning Outcomes


- Prepare and process costing production reports using FIFO method and 
  the Weighted Average Method.
- Calculate and allocate overhead using activity based costing 
- Allocate service department costs to operating departments using the 
  direct method and the step method while following allocation 
- Calculate and intepret material, labour and overhead manufacturing 
- Develop flexible budgets and apply flexible budgeting techniques to 
  performance and variance analysis.
- Utilize relevant cost data and incremental analysis in making the 
  following decisions:
     - Keep or replace equipment
     - Make or buy
     - Add or drop a segment
     - Special order
     - Constrained resource utilization
     - Sellor process further


- 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 clasroom and home study.
- Responsibility in meeting test and assignment due dates.
Evaluation Plan
Students demonstrate their learning in the following ways:


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 cicumstances should be discussed with the 
professor in advance wherever possible.

     Assignments/Quizzes   20%  
     Mid-Term Exam         40%
     Final Exam            40%
                    Total 100%
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.
Effective term: Winter 2004
Professor: Multiple Professors
The basic text required for this course will be one of the following 

"Managerial Accounting", Garrison, Noreen; Chesley, Carroll; 6th 
Canadian edition, McGraw-Hill Ryerson

Applicable student group(s): Business Administration - Accounting
Course Details:
Week:         1, 2, 3

Topics:       Systems Design - Process Costing
              - Comparison of Job Order & Process Costing
              - A perspective of process cost flows
              - Equivalent units of production
              - Production report - FIFO method
              - Evaluation of the two methods
              - Shrinkage and cost units

Reading       Chapter 4

Skills        Analytical and critical thinking skills applied in 
Emphasized:   classroom discussions

Week:         4 & 5

Topics:       Activity Based Costing:  A Tool to Aid Decision Making

Reading       Chapter 8

Skills        - Critical thinking
Emphasized:   - Mathematical and problem solving skills

Week:         6

Topics:       Overhead
              Predetermined Rates
              - Bases
              - Allocation

Reading      Appendix A
Service Department Costing:  An Activity Approach

Skills      - Critical thinking
Emphasized: - Mathematical and problem solving skills

Week:       7    

Topics:     MID-TERM EXAM

Week:       8, 9       

Topics:     Standard Costs and the Balanced Scorecard
            - Management by exception
            - Setting standard costs
            - A general model for variance analysis
            - Using standard costs
              - Direct materials
              - Direct labour
              - Variable overhead

Reading       Chapter 10

Skills:       Mathematical skills developed in solving problems

Week:         10, 11       

Topics:       Flexible Budgets & Overhead Analysis
              - Flexible budgets
              - Measure of activity
              - Variable overhead performance report 
              - Fixed costs and the flexible budget
              - Fixed overhead analysis
              - Presentation of variances on the absorption costing 
                income statement

Reading       Chapter 11       

Skills:       Interpersonal & leadership skills developed in group 

Week:         12, 13       

Topics:       Relevant Costs for Decision Making
              - Cost concepts for decision making
              - Sunk costs are not relevant
              - Future costs that do not differ are not relevant
              - Adding and dropping product lines
              - Make or buy decision
              - Utilization of scarce resources
              - Joint products

Reading       Chapter 13

Skills:       Critical thinking & problem solving skills developed 
              using case analysis

Week:         14       

Topics:       FINAL EXAM

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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