Human Resources Finance and Accounting 2
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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 2006
Prerequisites: (ACCG26564)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Human Resources
Program Coordinator(s): John Hardisty
Course Leader or Contact: Multiple Course Leaders
Status: Approved (APPR)

Section I Notes: N/A

Section II: Course Details

Detailed Description
Students will develop an understanding of the impact of accounting on the field of Human Resources especially in relation to the evaluation of employees under various accounting systems. Budgeting, standard cost systems and responsibility accounting are used to help the human resource student identify ways to help a corporation plan, control and direct their activities. Templates are utilized to help students quickly assess and evaluate key employees and provide a take-away experience that can be used in the real world.

Program Context

Business Human Resources Program Coordinator: John Hardisty
This course, along with ACCG26564 and FINA11079, will be accredited by the Human Resources Professional Association of Ontario towards a CHRP designation (60% minimum average of the three courses is required by the HRPAO).

Course Critical Performance and Learning Outcomes

 1. Be a key player in the production of the master budget utilized by 
companies to plan, control and direct their corporate endeavours.

2. Prepare a cash budget for either personal or corporate use.

3. Use variance analysis to assess the performance of personnel 
working in a standard cost environment.

4. Prepare a flexible budget and use the budget to understand how 
various levels of activity impact costs.

5. Use an appropriate responsibility centre to help evaluate 
performance of key employees.

6. Calculate ROI and residual income, interpret the results and 
understand how they can be used to evaluate employees.

7. Use relevant cost and incremental analysis to help the management 
team make decisions in various situations.
Evaluation Plan
Students demonstrate their learning in the following ways:

1. Midterm Exam (Week 7)                35%

2. Final Exam (Week 14)                 35%

3. ASSIGNMENTS                          30%
   (Weekly Assignments)
                      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 X Interpersonal
X Numeracy   Information Management   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: Fall 2006
Professor: Multiple Professors
Introduction to Managerial Accounting Canadian Edition, Garrison, 
Noreen, Kalagnanam, Vaidyanathan McGraw-Hill Ryerson (2004)  ISBN 0-

Applicable student group(s): Business - Human Resources
Course Details:
WEEKS 1 & 2                              

TOPIC: Profit Planning

       - What is a budget and budgeting
       - Components of a personal budget, human resources area budget 
         and an organization budget (master, comprehensive or static)
       - How budgets differ between manufacturing, 
         retail/distribution and service organizations
       - Understanding and preparation of operating budgets
       - Understanding and preparation of financial budgets

WEEKS 3, 4 & 5                                       

TOPIC: Standard Costs
       - What is a standard?
       - Practical versus ideal standards
       - Advantages and disadvantages fo using standards
       - Calculating and using variances to analyze the differences
         between budgeted results and actual results
       - Interpretation of variances


TOPIC:  Review for Midterm Exam

WEEK 7                                      


WEEK 8                                      

TOPIC: Flexible Budgets

       - Characteristics of a flexible budget
       - Differences between a static and a flexible budget
       - Advantages of a flexible budget over a static budget
       - Prepare a flexible budget for a human resources scenario
       - Use the flexible budget to prepare a static budget

WEEKS 9 & 10                              

TOPIC: Decentralization and Performance Measurement
       - Types of responsibility centres and how performance 
         is measured in each
       - Different ways of segmenting an organization
       - Difference between traceable and common fixed costs
       - Calculate return on investment and residual income

WEEKS 11 & 12                           

TOPIC: Relevant Costs for Decision Making

       - Distinguish between relevant and irrelevant costs for 
         decision making
       - Use incremental analysis for decision making in various 

WEEK 13 

TOPIC:  Review for Final Exam 

WEEK 14                                     


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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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