Intermediate Managerial Accounting
  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 2021
Prerequisites: ACCG20478
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Business Admin. Accounting
Program Coordinator(s): Jennifer Peterson
Course Leader or Contact: Maisa Al Mardini
Version: 20210118_00
Status: Approved (APPR)

Section I Notes: Allowable calculator: Texas Instruments BAII Plus

Section II: Course Details

Detailed Description
Students further develop the tools and techniques introduced in the introductory managerial accounting course with an in-depth study of such topics as variance analysis, budgeting, costing and pricing. Students explore a variety of tools to achieve goal congruence with the firm; to examine organizational efficiencies; as well as explore advanced strategies for decision making under uncertainty.

Program Context

Business Admin. Accounting Program Coordinator(s): Jennifer Peterson
This course is an optional elective in the three year Business Administration Accounting program.

Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to support management decision making, through the use of appropriate and relevant management accounting reports, tools and techniques.
Learning Outcomes:

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

  1. Define the managerial accountant's role in the decision-making process.
  2. Apply relevant tools and techniques for controlling costs and influencing a positive economic outcome and working environment.
  3. Analyze management performance for an organization using analytical tools such as responsibility accounting, activity-based costing, customer profitability analysis, and strategic profitability analysis.
  4. Analyze a company's existing budgeting system and process for efficiency and appropriateness to the industry and company environment.
  5. Evaluate transfer pricing options that are suitable given an entity's operating environment and strategies.
  6. Utilize linear programming as a decision making tool.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS
 In Class Quizzes (5 @2% each)10.0%
 Group Presentations10.0%
 Assignments (3 @ 5% each)15.0%
 Midterm Exam (Modules 1-4)25.0%
 Final Exam Comprehensive40.0%

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


Essential Employability Skills
Essential Employability Skills emphasized in the course:

  • Communication Skills - Communicate clearly, concisely and correctly in the written, spoken, visual form that fulfills the purpose and meets the needs of the audience.
  • Communication Skills - Respond to written, spoken, or visual messages in a manner that ensures effective communication.
  • Numeracy - Execute mathematical operations accurately.
  • Critical Thinking & Problem Solving - Apply a systematic approach to solve problems.
  • Critical Thinking & Problem Solving Skills - Use a variety of thinking skills to anticipate and solve problems.
  • Interpersonal Skills - Show respect for the diverse opinions, values, belief systems, and contributions of others.
  • Interpersonal Skills - Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar

  • Not Eligible for PLAR

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.
Instruction Mode: In-Class
Professor: N/A
RequiredTextbookCost Management: A Strategic Emphasis, Blocher, E.J., Stout, D.E., Juras, P.E., and Smith, S.D., McGraw Hill, 8th Edition, 2019

Applicable student group(s): Business Administration- Accounting
Course Details:

Module 1: Management Accounting, Strategy, Decision Making and Ethics

  1. Explain the use of cost management information and the contemporary business environment and techniques.
  2. Understand the different types of competitive strategies, the competitive strategy implementation using various tools, the professional environment of the management accountant, and the principles and rules of professional ethics.
  3. Recognize the strategic role of basic cost management concepts, cost-driver concepts at the activity, volume, structural, and executional levels and the cost concepts used in product and service costing
  4. Understand how costs flow through the accounting system.
  5. Understand and apply cost estimation methods.

Learning Outcomes: 1

Reference: Chapters 1, 2, 3 and 8

Assessment: Quiz #1, Quiz #2, Assignment #1


Module 2: Activity-Based Costing and the Decision Making Process

  1. Apply an ABC system to assess the profitability of a customer and the strategic implications of keeping the customer.
  2. Use relevant cost analysis and strategic analysis for decision making.
  3. Apply Quantitative modeling such as linear programming to perform simple analysis.

Learning Outcomes: 2

Reference: Chapters 5 and 11

Assessment: Quiz #3


Module 3: Strategy, the Master Budget, and Capital Investment

  1. Discuss the importance of strategy and its role in the budgeting process.
  2. Describe alternative approaches to budgeting
  3. Understand the strategic role of capital-investment analysis
  4. Discuss and apply capital budgeting decision models

Learning Outcomes: 4

References: Chapters 10 and 12

Assessment: Assignment #2

Midterm Exam Modules 1-3 (25%)


Module 4:  Operational Performance Measures

  1.  Explain the essence of control systems in general and operational control systems in particular
  2. Define and interpret the total operating income variance and develop a general framework for subdividing the total operating income variance into component variances
  3. Develop standard costs for product costing, performance evaluation, and control

Learning Outcomes: 3, 4

Reference: Chapters 14, 15 and 16

Assessment: Quiz #4


Module 5:  Product Life Cycle and Control for Quality

  1.  Explain how to use target costing to facilitate strategic management and apply the theory of constraints (TOC) to strategic cost management.
  2. Describe how life-cycle costing facilitates strategic management and outline the objectives and techniques of strategic pricing.
  3. Develop a comprehensive framework for the management & control of quality
  4. Understand alternative approaches for setting performance expectations
  5. Prepare and interpret relevant financial and non-financial information to support quality-related initiatives

Learning Outcomes: 2, 3

Reference: Chapters 13 and 17

       Assessment: Assignment #3


Module 6:  Management Control Systems and Transfer Pricing: Linking Performance with Systems

  1.  Discuss and assess management control systems from a strategic and performance perspective.
  2. Discuss international transfer pricing considerations.
  3. Analyze and assess the performance and other implications of international transfer pricing.

Learning Outcomes: 5

Reference: Chapter 19

Assessment: Quiz #5

Group Presentations (10%)

FINAL EXAM (Cumulative)  40%

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