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 2009
Prerequisites: (ACCG50102) AND (APPL50082)
Corequisites: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting in Canada
Program Coordinator(s): Sally Mitzel
Course Leader or Contact: Lorraine Cipparrone
Status: Approved (APPR)

Section I Notes: This course is eligible for transfer credit for MA2 to the Certified General Accountants of Ontario professional accounting program of study. Students must obtain a minimum B grade in the course to qualify.

Section II: Course Details

Detailed Description
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.

Program Context

Accounting in Canada Program Coordinator: Sally Mitzel
This is a core course in the Ontario Graduate Certificate - Accounting in Canada for Internationally Trained Accountants. This course forms the basis for management information, processes, controls and decision making for the program.

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 accurate, appropriate and crucial internal information and 
reports in a controlled environment, which support management 
decisions in achieving a firm`s strategy.

Learning Outcomes

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 
   specific industries.

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.

Evaluation Plan
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.
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 2009
Professor: Tba
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.
Course Details:
Unit  Topic	               Resources	      Evaluation 

1     Course introduction      Text: Chapter 1
      Management Accounting,
      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 
      profit analysis, 
      Contribution Margin
      (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, 
      relevant costs 
      (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 
      budgeting, Kaizen 
      (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%
      Strategic Profitability
      Analysis (LO:1, 2, 3,4,9)

9     Performance Measurement, Text: Chapter 24        Assignment 5 5%
      Compensation, and 
      (LO: 2, 3, 4, 5, 6, 
      7, 8, 9, 10, 11)

10    Group Presentations                             All group
                                                      15 %

      Final exam                                      30%

Sheridan Policies

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.

Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.

Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.

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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