ACCG58114
Management Accounting
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: Fall 2020
Prerequisites: ACCG50253
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Professional Accounting Grad
Program Coordinator(s): Lorraine Alyea
Course Leader or Contact: Maisa Al Mardini
Version: 20200914_01
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. Topics include an in-depth study of such topics as variance analysis, budgeting, costing and pricing as well as advanced topics such as decision making under uncertainty. Students learn through interactive lectures, computer exercises, case studies, and classroom activities.

Program Context

 
Professional Accounting Grad Program Coordinator(s): Lorraine Alyea
This course is a required course in the Professional Accounting Ontario College Graduate Certificate.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to inform management recommendations using appropriate and relevant management accounting reports, tools and techniques.
 
Learning Outcomes:

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

  1. Identify competitive strategies and evaluate strategy implementation using a variety of techniques.
  2. Identify the strategic role and objectives of cost allocation and the implementation of the different cost allocation methods.
  3. Use relevant cost analysis and strategic analysis in evaluating various short-term decisions.
  4. Apply linear programming to develop optimal product mix decision with multiple constraints.
  5. Apply capital budgeting decision models and evaluate capital investment projects.
  6. Identify and apply various strategic methods to develop costing and pricing.
  7. Perform various performance measures computations and analysis.
  8. Develop a comprehensive framework for the management and control of quality.
  9. Identify the types of management control systems and explain the objectives and applications of strategic performance measurement for responsibility centres.
  10. Develop management compensation and apply various methods for business analysis and business valuation.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION
 Quizzes (8x1.25%)10.0%
 Assignments (8x2.5%)20.0%
 Group Presentation10.0%
 Midterm Exam25.0%
 Final Exam Comprehensive35.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
In addition to achieving a minimum 50% overall grade, a student must achieve a grade of at least 50% on the final comprehensive exam in order to receive credit for this course. Midterm and final exams will be completed using Respondus Lockdown Browser and/or monitor.

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


 

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 & Online Instruction
Professor: N/A
Resource(s):
 TypeDescription
RequiredTextbookCost Management: A Strategic Emphasis, Blocher, Stout, Juras and Smith, McGraw-Hill Ryerson, Eighth International Edition., 2019, with Connect

Applicable student group(s): Professional Accounting Ontario College Graduate Certificate
Course Details:

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

  • Explain how to implement a competitive strategy by using the SWOT analysis, the value-chain analysis, the balanced scorecard, and the strategy map.
  • Explain how to implement a competitive strategy by focusing on the execution of goals.
  • Explain how to expand the balanced scorecard by integrating sustainability.

Assessment: Online Pre-work #1 (1%); Online Assignment #1 (2%)

Reference: Chapter 2

Learning Outcome: 1

Module 2: Cost Allocation

  • Identify the strategic role and objectives of cost allocation.
  • Use the three phases of departmental cost allocation.
  • Explain the implementation issues of the different departmental cost allocation methods.
  • Explain the use of cost allocation in service firms.
  • Use the three joint product costing methods and the four by-product costing methods.

Assessment: Online Pre-work #2 (1%); Online Assignment #2(2%)

Reference: Chapter 7 and Appendix 7

Learning Outcome: 2

Module 3:  Short-Term Decision Making and Analysis

  • Understand the decision-making process and identify relevant cost information.
  • Use relevant cost analysis and strategic analysis to make special-order decisions, make-vs.-buy decision, and lease-vs.-buy decisions, sell before or after additional processing, and keep or drop products or services.
  • Use relevant cost analysis and strategic analysis to evaluate service offerings of not-for-profit organizations.
  • Use relevant cost analysis and strategic analysis to perform a constrained optimization (i.e., short-term product-mix) analysis.
  • Apply quantitative model such as linear programming to perform complex analysis.

Assessment: Online Pre-work #3 (1%); Online Assignment #3 (2%)

Reference: Chapter 11 and Appendix 11

Learning Outcomes: 3 & 4

Module 4: Capital Budgeting

  • Understand the strategic role of capital investment analysis.
  • Understand the general model for determining relevant cash flows associated with capital investment projects.
  • Apply capital budgeting purposes models, and integrate uncertainty.
  • Identify behavioral issues associated with the capital budgeting process.

Assessment: Online Pre-work #4(1%); Online Assignment #4 (2%)

Reference: Chapter 12

Learning Outcome: 5

Module 5: Cost Planning for the Product Life Cycle

  • Explain and apply the use of target costing.
  • Apply the theory of constraints and life-cycle costing.
  • Describe and apply the various techniques of strategic pricing.

Assessment: Online Pre-work #5 (1%); Online Assignment #5 (2%)

Reference: Chapter 13

Learning Outcome: 6

 

Mid-term exam - Modules 1 through 5 (25%)

 

Module 6: Operational Performance Measurement

  • Compute and interpret the total operating income variance.
  • Apply the general framework for subdividing the total operating income variance into component variances.
  • Compute and interpret direct materials and direct labour variances.
  • Calculate and interpret standard cost variances for manufacturing overhead.
  • Prepare variance-related journal entries.
  • Calculate and interpret the measures for total productivity, partial operational productivity, and partial financial productivity.
  • Use the flexible budget to calculate and interpret the sales quantity, sales mix, market size, and market share variances.
  • Use the flexible budget to analyze sales performance over time.
  • Discuss major operating functions and the need for nonfinancial performance indicators.

Assessment: Online Pre-work #6 (1%); Online Pre-work #7 (1%), Online Assignment #6 (2%), Online Assignment #7 (2%)

Reference: Chapters 14, 15, & 16

Learning Outcome: 7

Module 7: The Management and Control of Quality

  • Develop a comprehensive framework for the management and control of quality.
  • Understand alternative approaches for setting performance expectations.
  • Prepare and interpret relevant financial information to support quality-related initiatives.
  • Discuss the use of nonfinancial performance data to support quality-related initiatives.
  • Describe and understand tools that can be used to detect and correct quality problems.
  • Describe lean manufacturing and changes in management accounting systems needed to support a change to lean manufacturing.

Assessment: Online Pre-work #8 (1%); Online Assignment #8 (2%)

Reference: Chapter 17

Learning Outcome: 8

Module 8: Strategic Performance Measurement

  • Identify the types of management control systems.
  • Understand the role of variable costing and full costing in evaluating profit centers.
  • Compute return on investment, residual income, and economic value added for evaluating the short-term financial performance of investment centers.
  • Understand the objectives of transfer pricing, compute and recommend a transfer price based on various transfer pricing alternatives.
  • Analyze international issues that arise in transfer pricing.

Assessment: Online Pre-work #9 (1%); Online Assignment #9 (2%)

Reference: Chapters 18 & 19

Learning Outcome: 9

Module 9: Management Compensation, Business Analysis, and Business Valuation

  • Identify the strategic role of management compensation and the different types of compensation used in practice.
  • Explain the three characteristics of a bonus plan: the base for determining performance, the compensation pool from which the bonus is funded, and the bonus payment options.
  • Describe the role of tax planning and financial reporting in management compensation planning.
  • Apply the different methods for business analysis and business valuation.

Assessment: Online Pre-work #10 (1%); Online Assignment #10 (2%)

Reference: Chapter 20

Learning Outcome: 10

Assessment: Group Project (10%)

 

Cumulative Final exam - Modules 1 through 9 (35%)

 



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