Using a case-based approach, students learn how to apply performance
measurement and control techniques to ensure the implementation of
strategic planning of Canadian companies while exercising the ethical
responsibilities of a management accountant. The assignments develop
the concepts required for management accounting information and the
control systems required for achieving goal congruency. Topics
include designing performance measures and balanced scorecards,
designing comprehensive and critical mission incentives,
incorporating tools for controlling costs, analyzing cost management
and performance management systems, designing appropriate transfer
and intercompany organizational communications and agreements, and
incorporating ethical standards.
This is a core course in the
Ontario Graduate Certificate -
Accounting in Canada for
Accountants. This course
forms the basis for
processes, controls and
decision making for the
|Accounting in Canada
||Program Coordinator: Sally Mitzel
Course Critical Performance and Learning Outcomes
By the end of this course, students will have demonstrated the
ability to: apply management accounting tools and techniques to
generate accurate, appropriate and crucial internal information and
reports in a controlled environment, which support management
decisions in achieving a firm`s strategy.
To achieve the critical performance, students will have demonstrated
the ability to:
1. Discuss the management accounting role in achieving a firm`s
2. Recommend various tools and techniques for controlling costs and
influencing a positive economic outcome and working environment.
3. Design incentives for ensuring managers and employees achieve goal
congruence with the firm.
4. Design performance measures and balanced scorecards for ensuring
the firm is effective and efficient in meeting its strategy.
5. Analyze a company`s existing budgeting system and process for
efficiency and appropriateness to the industry and company
6. Apply cost accounting terminology and cost-volume analysis in
assessing the value of a firm`s activities.
7. Assess costing systems to determine an appropriate system for
8. Apply standard costs and activity-based costing to appropriate
corporate operations and management.
9. Appraise the strengths and shortcomings of cost management and
performance measurement systems.
10.Design transfer prices that motivate all parties of the ransaction.
11.Communicate professionally in oral and written form.
12.Incorporate appropriate ethical standards in all assigned work.
Students demonstrate their learning in the following ways:
In-class quizzes 4 quizzes X 2.5 10%
Assignments 5 assignments x 5%* 25%
One Group Presentation 15%
Mid Term Test 20%
Final Test 30%
* Assignments and the presentation are group activities. Groups
will be established at the beginning of the semester. Mid term
test and final test are individual marks.
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 2009
Horngren, Foster, Datar, Teall and Gowing, Cost Accounting: A
Managerial Emphasis, 5th Canadian Edition (Toronto, Ontario:
Pearson Prentice Hall, 2010)
Applicable student group(s): Accounting in Canada for Internationally Trained Accountants.
Unit Topic Resources Evaluation
1 Course introduction Text: Chapter 1
Strategy , Decision
Making and Ethics
(LO: 1, 2, 3)
2 Cost Terminology Text: Chapter 2 Quiz 1 (2.5%)
and cost flows
(LO: 2, 7, 8, 9)
3 Building a profit Text: Chapter 3 Assignment 1 5%
plan; cost volume
(LO: 6, 7, 8)
4 Evaluating Profit Text: Chapter 4 Quiz 2 (2.5%)
Performance; costing Text: Chapter 5
systems (LO: 9, 10)
5 Cost Management Text: Chapter 19 Assignment 2 5%
including economic Text: Chapter 20
order quantity, JIT,
(LO: 2, 8, 9)
MID TERM TEST 20%
6 Budgeting - Linking Text: Chapter 6 Quiz 3 (2.5%)
Performance to Text: Chapter 21
Marketplace including Text: Chapter 22
Master budget, Capital
(LO: 5, 6, 8, 9)
7 Management Control Text: Chapter 23 Assignment 3 5%
Systems and Transfer
(LO: 6, 8, 9, 10)
8 Strategy Balanced Text: Chapter 13 Quiz 4 (2.5%)
Scorecard, and Assignment 4 5%
Analysis (LO:1, 2, 3,4,9)
9 Performance Measurement, Text: Chapter 24 Assignment 5 5%
(LO: 2, 3, 4, 5, 6,
7, 8, 9, 10, 11)
10 Group Presentations All group
Final 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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