Managerial 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: Winter 2015
Prerequisites: (ACCG19798) AND (MATH15892)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Global Business Management
Program Coordinator(s): Francis Fasanu
Course Leader or Contact: Carol Riggs
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
This course provides students with a solid preparation in management accounting for working in medium to large international firms. To be effective with the challenges in the global business environment, this course ensures that students have a high-functioning set of management accounting tools or techniques. The focus is explicitly on learning management accounting techniques, such as cost-volume analysis and transfer pricing. Students will be required to comprehend as well as to apply the techniques with numerical problems, and they will be able to use the techniques with complex case analysis. After this course, students will be able, as managers, to use these management accounting techniques to plan, make decisions, evaluate performance and control organizational units. Also, students will, as managers, use these management accounting techniques in reading and generating reports that assist with pursuing their firm's strategies.

Program Context

Global Business Management Program Coordinator: Francis Fasanu
This is a 4th semester course providing a foundation for higher-level courses that use information (financial and non-financial) for understanding the financial and operational performance of a firm, past, present and future.

Course Critical Performance and Learning Outcomes

 Critical Performance
By the end of this course, students will have demonstrated the 
ability to: 
    -	Apply management accounting tools and techniques to generate 
        crucial internal information and reports for management 
        decisions to achieve a firm's strategy.

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

1.	Discuss the management accounting role in achieving a firm's 

2.	Apply cost accounting terminology and cost-volume analysis in
        assessing the value of a firm's activities.

3.	Assess costing systems to determine an appropriate system for 
        specific industries.

4.	Apply standard costs and activity-based costing to 
        appropriate corporate operations and management.

5.	Identify relevant costs and revenues within a value-added 
        business scenario.

6.	Analyze a company's existing budgeting system and process for
        efficiency and appropriateness to the industry and company 

7.	Discuss how responsibility accounting ensures that a firm
        accomplishes its strategy.

8.	Design transfer prices that motivate all parties of the 

9.	Design performance measures and balanced scorecards for 
        ensuring the firm is effective and efficient in meeting its 

10.	Design incentives for ensuring managers and employees pursue
        the same objectives as the firm. 

11.	Recommend various tactics for controlling costs, including 
        economic order quantity, just-in-time, and outsourcing.

12.	Appraise the strengths and shortcomings of cost management 
        and performance measurement systems with reference to the 
        advantages of enterprise resource planning systems for firms 
        at various stages of information technology development. 

Evaluation Plan
Students demonstrate their learning in the following ways:

Weekly Pre & Post Class Quizzes                           15% 
Midterm Test (3 hrs)                                      25%
Group Cost Accounting Project                             15%
In-class Participation and Reflection                      5%
Individual Case Assignment                                10%
Final, Comprehensive Examination, (3 hrs)                 30%
Total                                                    100%
Provincial Context
The course meets the following Ministry of Training, Colleges and Universities requirements:


Essential Employability Skills
Essential Employability Skills emphasized in the course:

X Communication X Critical Thinking & Problem Solving   Interpersonal
X Numeracy X Information Management X Personal

Notes: N/A

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 2015
Professor: Carol Riggs
Garrison, Libby,  Webb, Noreen & Brewer (2015). Managerial Accounting
(10th Canadian edition). McGraw-Hill Ryerson.

Applicable student group(s): Global Business Management (Bachelor of Applied Business)
Course Details:
Module 1
Topics: Introduction: Management accounting role, business environment
and organizational strategy. Cost terms and concepts. 
Pre-Class Activities: Read Chapter 1, page 2- 19 and Chapter 2, page
26- 45. Review tutorial/ animation videos.
Post-Class Activities: Online Quiz and reflective journal on
management accounting information and decision making. Take the
post-class online quiz for chapter 2     
Module 2 
Topics: Cost Behavior: Fixed and variable costs. Analyzing mixed costs
using the high-low method and regression analysis. Using contribution
format for income statement.
Pre-Class Activities: Read chapter 3, page 65-82, Review
tutorial/animation video and complete the pre-class quiz for chapter 3
Post-Class Activities: Reflect on the cost behavior and its relevance
in your personal or professional life. Are there decisions you've made
in the past that could have been different if you had applied
differential or opportunity cost analysis?  
Complete the post-class online quiz for chapter 3.

Module 3
Topics: Cost Volume Profit (CVP) Analysis: Break-even analysis,
contribution margin analysis, target profit analysis, the margin of
safety and sales mix.
Pre-Class Activities: Read Chapter 4, page 103-125. Review the
tutorial/animation slides and complete the pre-class online quiz.
Post-Class Activities: Reflect on your monthly cost of living. Utilize
the break-even and the contribution margin to examine hours of work
and wages required for you to live debt or support free.  Take the
online post-class quiz for chapter 4.

Module 4
Topics: Systems Design: Job Order Costing, job order costing flow,
pre-determined overhead rates, cost of goods manufactured, job order
costing in service industries.
Pre-Class Activities: Read Chapter 5, page 153-180. Review
tutorial/animation videos. Take the online pre-class quiz for chapter 5.
Post-Class Activities: Take the post-class online quiz. Start the
individual case assignment.

Module 5
Topics: Systems Design: Process Costing. Process cost flow, equivalent
units (EU) of production, Cost of equivalent units using weighted
average method.
Pre-Class Activities: Read Chapter 6, page 212-225. Review tutorial/
animation videos & take the online pre-class quiz for chapter 6.
Post-Class Activities: Reflect on the job order costing and the
process costing systems. Think of a product you can produce or a
service you can perform and discuss the costing system that you can
adopt and why?

Module 6
Topics: Activity Based Costing: treatment of cost under ABC, designing
ABC, allocation of overhead.
Pre-Class Activities: Read Chapter 7, page 249-274, review tutorial/
animation video and complete online pre-class quiz for chapter 7 
Post-Class Activities: Take the post class quiz for chapter 7.

Module 7
Mid-term Test (25%)

Module 8
Topics: Variable and Absorption Costing: Income comparison of variable
and absorption costing.
Pre-Class Activities: Read Chapter 8 page 306-323. Review the
tutorial/ animation video and complete the online pre-class quiz for
chapter 8.
Post-Class Activities: Reflect on the absorption and variable costing.
Take the post┐class online quiz for chapter 8.  Submit the individual
case assignment (10%)

Module 9
Topics: Budgeting: Basic framework, master budget, flexible budget and
budgeting for not-for-profits.
Pre-Class Activities: Read Chapter 9 page 344-369. Review video
tutorial and complete the online lab assignment for chapter 9.
Post-Class Activities: Reflect on the budgeting process and discuss
how this can be useful in your personal and professional life.
Complete post class online lab for chapter 9.

Module 10 
Topics: Standard Costs and Variance Analysis: Direct material
variance, Direct labor variance, overhead rates and variance analysis.
Pre-Class Activities: Read chapter 10 page 401-435, review pre-class
video and complete the online lab for chapter 10.
Post-Class Activities: Take the online quiz for chapter 10. Start the
creative cost accounting project.

Module 11
Topics: Responsibility & Control: ROI, RI, Transfer Pricing Decisions
and Balanced Scorecard (BSC) and cost of quality
Pre-Class Activities: Read chapter 11 page 480-505, review pre-class
video and complete the online lab for chapter 11.
Post-Class Activities: Take the online quiz for chapter 11.

Module 12
Topics: Relevant Costing: Analyzing various decisions. Make or buy,
joint costs, allocations, special order, theory of constraints, target
Pre-Class Activities: Read Chapter 12 page 527-548. Review the
pre-class video tutorial and complete the pre-class quiz for chapter 12.
Post-Class Activities: Take the online quiz for chapter 12. 

Module 13
Topics: Capital Budgeting: NPV, IRR, Payback, Simple ROR.
Pre-Class Activities: Read Chapter 13 page 583-607. Review the
pre-class video tutorial and complete the online quiz for chapter 13.
Post-Class Activities: Take the online quiz for chapter 13. Submit the
group project (15%). 

Module 14
Final Comprehensive Exam (30%)

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