Accounting for Non-Accounting Managers
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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 2013
Prerequisites: N/A
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Bachelor of EC Leadership
Program Coordinator(s): Nathalie DiFrancesco
Course Leader or Contact: Nathalie DiFrancesco
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Students examine the role of financial and managerial aspects of accounting information that can be applied in early childhood programs. The course presents foundations of financial statement compilation and fundamental tools used to critique an organization┐s performance. Students further develop information for decision making to meet the needs and goals of a profit or not-for-profit organization.

Program Context

Bachelor of EC Leadership Program Coordinator: Nathalie DiFrancesco
This is a Year 3 Semester 6 course for this Bachelor of Applied Arts in Early Childhood Leadership. This course is designed to provide a general overview of managerial accounting in the context of early childhood programs.

Course Critical Performance and Learning Outcomes

 Critical Performance
By the end of this course, students demonstrate the ability to 
prepare and evaluate simple GAAP financial statements and internal 
management reports. 

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

1. Communicate clearly and concisely in written, spoken and graphic
2. Generate alternative, innovative solutions to business problems 
   using critical analysis and creativity. 
3. Evaluate the correctness and usefulness of financial information 
   using established audit techniques.
4. Prepare simple GAAP appropriate financial statements and internal 
   management reports for decision making.
5. Prepare timely and accurate submissions for all course
   requirements that reflect the qualities and transferable skills 
   necessary for employment including the exercise of personal 
   responsibility and decision-making.
6. Evaluate personal limitations in the areas of financial and 
   managerial accounting knowledge. 

Evaluation Plan
Students demonstrate their learning in the following ways:

Students demonstrate their learning in the following ways:

Exam 1 
(Case studies 15%; Short answer/essay/project 15%)        30%
Individual Assignments (Four assignments)                 40%
Exam  2 
(Case studies 15%; Short answer/essay/project 15%)        30%

	Total                                            100%

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the workplace and to ensure that students receive credit for their 
individual work, the following rules apply to every course offered 
within the Faculty of Applied Health and Community Studies.  
1. Students are responsible for staying abreast of test dates and 
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2. Students must write all tests at the specified times. Missed 
   tests, in-class activities, assignments and presentations are
   awarded a mark of zero.  If an extension or make-up opportunity 
   is approved by the professor as outlined below, the mark of zero 
   may be revised by subsequent performance.  The penalty for late 
   submission of written assignments is a loss of 10% per day for up 
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   holidays), after which, a grade of zero is assigned. Business 
   days include any day that the college is open for business, 
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3. Students, who miss a test or in-class activity or assignment or 
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   of the class whenever possible.  A make-up test may be supplied 
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   written at a time and place specified by the professor upon the 
   student's return. Alternately, students may be given an 
   opportunity to earn the associated marks by having a subsequent 
   test count for the additional marks. Exceptional circumstances 
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4. Unless otherwise specified, assignments and projects must be 
   submitted at the beginning of class. 
5. Students must complete every assignment as an individual effort 
   unless, the professor specifies otherwise.
6. Since there may be instances of grade appeal or questions 
   regarding  the timely completion of assignments and/or extent of 
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7. There will be no resubmission of work unless this has been 
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8. Students must submit all assignments in courses with practical 
   lab and field components in order to pass the course.
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 2013
Professor: Nathalie DiFrancesco
Horngren, G., Sundem, W., Stratton, H., & Beaulieu, P. (2012) 
Management Accounting (6h ed.). Toronto: Pearson Education Canada.

Applicable student group(s): BAA in Early Childhood Leadership
Course Details:
Module 1

Unit 1 
 - Introduction to the course and expectations 
 - Team project
 - Audience identification
 - The Nature of the Environment
 - Intro to Financial Accounting

Readings and Assignments: Chapter 1

Unit 2
 - The Transactions; specialized journals and entries

Readings and Assignments: Assigned readings, Complete assigned 

Unit 3
 - The Statements; how to build them, their characteristics

Readings and Assignments: In Class Assignment - 2.5%

Unit 4
 - Analyzing the Statements

Readings and Assignments: Work on Assignment 1

Unit 5 
 - Financial case analysis 
 - Reporting and auditing 

Readings and Assignments: Assignment 1 due - 15%

Unit 6
 - Intro to Management Accounting Systems; service organizations

Readings and Assignments: Chapter 2

Unit 7
 - Mid-term exam

Readings and Assignments: Mid-term exam - 30% (15% case, 15% short 

Unit 8 
 - Cost behaviours - costing approaches; product costing (job and 
 - allocated costs
 - activity based costing

Readings and Assignments: Chapter 5 & 6

Unit 9
 - Capital Budgeting Decisions

Readings and Assignments: In Class Assignment - 2.5%, Read Chapter 10

Unit 10
 - Budgeting

Readings and Assignments: Chapter 11

Unit 11
 - Management reporting
 - variance analysis
 - flexible budgeting 

Readings and Assignments: Chapter 12

Unit 12
 - Performance Evaluation
 - Balanced Scorecard and Management Control 

Readings and Assignments: Chapter 13 & 14, Assignment 2 - 20%

Unit 13 - Specialized topics:
 - Needs vs. scarce resources
 - Fund accounting processes
 - Applying for grants
 - Government funding/subsidies

Readings and Assignments: Assigned readings

Unit 14 
 - Final Exam 

Readings and Assignments: Exam - 30%

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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.

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