Accounting and Finance for Human Resources
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  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
Section I: Administrative Information
  Total hours: 70.0
Credit Value: 5.0
Credit Value Notes: N/A
Effective: Fall 2000
Prerequisites: (ACCG2004)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business - Human Resources
Program Coordinator(s): tba
Course Leader or Contact: Gloria Notenboom
Status: Approved (APPR)

Section I Notes: Accredited by HRPAO for CHRP designation: March 1994.

Section II: Course Details

Detailed Description

Program Context

Business - Human Resources Program Coordinator: tba
This course is required for a two or three year Business Administration Diploma in Human Resource Management or a one year certificate in Human Resources 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

 See Topical Outline
Evaluation Plan
Students demonstrate their learning in the following ways:

Students demonstrate their learning in the following ways:

 4 Tests @ 25% each Totals 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. 
Absents due to special circumstances should be discussed with the 
professor in advance wherever possible.

Supplemental privileges will not be allowed.
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: Fall 2000
Professor: Multiple Professors
see Topical Outline

Applicable student group(s): N/A
Course Details:

Learning outcomes identify the critical 
performances, and the knowledge, skills and 
attitudes that successful students will have 
reliably demonstrated through the learning 
experience and evaluation in the course.

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 
-compound interest and its affect on the 
 time-value of money
-the various categories and classifications of 
 costs and how they vary with changes in business 
-break-even analysis
-various methods and techniques used to identify, 
 measure and analyze cost behaviours
-product costing
-variable and absorption costing concepts and 
-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 
-responsibility accounting, and cost, revenue and 
 investment centres
-management control systems in both centralized 
 and decentralized organizations and related 
 measures of performance
-strategic business units and segmented financial 
-financial evaluation techniques for business 
 units, eg, return on investment and residual 
-job order and process costing systems
-techniques to evaluate the feasibility of 
 capital investment opportunities
-cost of capital for business enterprise

Successful students will have demonstrated further 
development in their abilities to:
-calculate and evaluate financial ratios
-evaluate and criticize the financial results of a 
 business over time, and in comparison to industry 
-assess the liquidity, profitability, growth, 
 efficiency and stability of a business 
 enterprise, through the analysis of its financial 
-calculate break-even volumes in both units and 
-calculate the sales volumes necessary to achieve 
 a desired level of profitability
-calculate the fixed and variable components of 
 mixed costs
-construct income statements using both variable 
 and absorption costing techniques, and reconcile 
 any difference in income
-identify and articulate the advantages of 
-construct a master budget and all related 
 supporting budgets, forecasts and schedules
-construct a flexible budget based on various 
 sales volumes
-compute both flexible and static budget variances
-evaluate performance by analyzing the variances 
 between budgeted and actual results
-prepare and interpret segmented income statements 
 for the strategic business units of a business 
-compute intracompany transfer prices based on 
 cost, market or negotiated pricing concepts
-evaluate the financial performance of a business 
 segment by computing return on investment and 
 residual income
-distinguish between job order and process costing
-compute and apply normalized manufacturing 
 overhead rates for product costing
-calculate and properly account for any under or 
 over applied manufacturing overhead at the end of 
 an accounting period
-compute equivalent units in process costing 
-calculate the net present values and internal 
 rates of return of completing investment 
 opportunities and prioritize capital expenditures 
-compute and interpret the payback periods and 
 accounting rates of return in the evaluation of 
 competing capital investment opportunities
-calculate the weighted average cost of capital 
 for a business enterprise
Successful students will have demonstrated 
attitudes of:
-an appreciation of accounting as the language of 
-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

-Responsibility, as demonstrated by behaviours 
 such as attending, participating and learning in 
 the classroom and home study
-Responsibility in meeting test due dates

Required Text:

Managerial Accounting, 4th Edition, Canadian
Garrison, Noreen, Chesley, Carroll
McGraw-Hill Ryerson, 1999

Fundamental Accounting Principles, 6th Edition, 
Irwin, IL, 1990 Larson, K.D., M. Zin, M. Nelson

Management Accounting, 3rd Edition, Canadian 
Edition Hrongren, C.T. Sundem G.L. Stratton, O.S. 
and Teal, H.D. Prentice-Hall Canada Inc., 
Scarborough, Ont

Basic Financial Management, 4th Edition,
Prentice-Hall Inc., N.J. 1988
Scott, D.F., J.D. Martin, J.W. Petty, A.J. Keown


UNIT          TOPIC

  1     Managerial Accounting and the Business 
        Environment (Chapter 1)

        Financial Statement Analysis (Chapter 17)

  2     Cost Terms and Concepts (Chapter 3)

        Cost Behaviour:  Analysis and Use 
        (Chapter 6)

        Cost-Volume-Profit Relationships 
        (Chapter 7)

        Variable Costing: A Tool for Management
        (Chapter 8)

  3     Profit Planning (Chapter 9)

        Standard Costs and Operating Performance  
        Measures (Chapter 10)

        Flexible Budgets and Overhead Analysis    
        (Chapter 11)
        Segment Reporting, Profitability Analysis 
        and Decentralization (Chapter 12)

  4     Relevant Costs for Decision Making        
        (Chapter 13)

        Capital Budgeting Decisions (Chapter 14)

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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.

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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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