ACCG50123
Management Accounting and Corporate Finance
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 
Section I: Administrative Information
  Total hours: 56.0
Credit Value: 4.0
Credit Value Notes: N/A
Effective: Winter 2021
Prerequisites: N/A
Corequisites: N/A
Equivalents: (ACCG23626 FINA21048)
Pre/Co/Equiv Notes: N/A

Program(s): Human Resource Management
Program Coordinator(s): John Hardisty
Course Leader or Contact: N/A
Version: 20210118_01
Status: Approved (APPR)

Section I Notes: Accredited by HRPAO for CHRP designation: March 1994

 
 
Section II: Course Details

Detailed Description
This course provides Human Resource Management students with an introduction to accounting and finance. The course commences with an overview of financial accounting and external reporting. The focus then turns to cost/management accounting and its usefulness forplanning and control, decision making and product costing. Certain aspects of corporate finance are integrated into the course with particular emphasis on cost of capital. Students will learn through activities such as case analyses, a group case/project, solving specific problems/exercises and lectures.

Program Context

 
Human Resource Management Program Coordinator(s): John Hardisty
This course is required for a one year certificate in Human Resource Management (Ontario College Graduate Certificate) and is accredited toward a CHRP designation by HRPAO (a minimum of 65% is required for accreditation towards CHRP by HRPAO.)


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to understand how accounting and finance functions affect their work as Human Resource Professionals.
 
Learning Outcomes:

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

  1. Discuss the roles and functions of both managerial and financial accounting in a business organization context.
  2. Prepare the basic set of financial statements used in a business enterprise according to generally accepted accounting principles (GAAP).
  3. Evaluate financial statements using ratio analysis and measures of investment return for performance measurement and business decisions.
  4. Prepare managerial reports using the contribution margin approach including various inventory costing methods and segmented reporting.
  5. Apply various methods and techniques in cost behaviour categories and classifications of costs and how they vary with changes within service departments and strategic business units.
  6. Analyze cost behavior through break-even, c-v-p analysis, regression and cost accounting methods and techniques.
  7. Evaluate business decisions for sales, operational, and service departments including transfer pricing, make or buy, special orders, irrelevant costs, cost-benefit, and activity-based costing concepts.
  8. Prepare operating and financial budgets, ie, flexible, static, capital, master.
  9. Analyze budgetary and operational variances.
  10. Prepare Balanced Scorecard performance measurements for responsibility, and accountability of corporations, departments, and employees conducting business in cost, revenue, and investment centers.
  11. Evaluate management control systems in both centralized and decentralized organizations with related measures of performance.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS
 Quizzes (3 @ 4%)12.0%
 Individual Assignment5.0%
 Group Assignment8.0%
 Test 125.0%
 Test 225.0%
 Test 325.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:

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


 

Essential Employability Skills
Essential Employability Skills emphasized in the course:

  • Numeracy - Execute mathematical operations accurately.
  • Critical Thinking & Problem Solving Skills - Use a variety of thinking skills to anticipate and solve problems.
  • Critical Thinking & Problem Solving - Apply a systematic approach to solve problems.

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
    Notes:  

 
 
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: Multiple Professors
Resource(s):
 TypeDescription
RequiredTextbookIntroduction to Managerial Accounting, Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan, McGraw Hill, 6 Canadian Edition, 2020
RequiredOtherStudents will be required to use Connect. It is included with new copies of the textbook. Connect also includes an e-book so purchasing a hard copy of the textbook is optional. Connect can be purchased separately directly from the McGraw-Hill website.

Applicable student group(s): Human Resource Management Ontario College Graduate Certificate
Course Details:

Module 1: Introduction to Financial and Managerial Accounting

  • An Introduction to Managerial Accounting
  • Financial Accounting: The Record Keeping and External Reporting System (Financial Accounting supplement)
  • Cost Concepts
  • Cost Behaviour: Analysis and Use

References: Chapters 1, 2, 6

Learning Outcomes: 1, 2, 4, 5, 6

Evaluation: Quiz 1 (4%), Test 1 (25%)

 

Module 2: Activity-Based Costing, Cost-Volume-Profit Analysis and Budgeting

  • Activity-Based Costing
  • Cost-Volume-Profit Relationships
  • Budgeting
  • Standard Costs and Variances
  • Flexible Budgets and Overhead Analysis

References: Chapters 7, 8, 11

Learning Outcomes: 4, 5, 6, 8, 9

Evaluation: Quiz 2 (4%), Individual Assignment (5%), Test 2 (25%)

 

Module 3: Costs in Decision Making

  • Relevant Costs for Decision Making
  • Capital Budgeting Decisions
  • Organizational Structure and Performance Measurement
  • "How well am I doing?" Financial Statement Analysis

References: Chapters 9, 10, 12, 13

Learning Outcomes: 3, 4, 5, 6, 7, 8, 9, 10, 11

Evaluation: Quiz 3 (4%), Group Assignment (8 %), Test 3 (25%)

 



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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.

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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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