Introduction Financial and Management 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: Fall 2017
Prerequisites: ACCG70016
Corequisites: N/A
Equivalents: ACCG70011
Pre/Co/Equiv Notes: N/A

Program(s): Canadian Institute of Manageme, Management Development Studies
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20170905_00
Status: Approved (APPR)

Section I Notes: This is a Seneca College course that is offered through Sheridan FCAPS. Students who register for the course through Sheridan will receive credit from Sheridan College only. Access to the course materials will be through

Section II: Course Details

Detailed Description
The focus of this course is to provide students with an understanding of accounting, financial statements analysis, and managerial accounting-based decisions used by business and human resources managers. The fundamental principles of financial and management accounting will be combined with practical applications relating to various organizational forms. Using accounting information to help effect plans, controls, and decisions will be emphasized.

Program Context

Canadian Institute of Manageme Program Coordinator(s): N/A

Management Development Studies Program Coordinator(s): N/A

Course Critical Performance and Learning Outcomes

  Critical Performance:
Learning Outcomes:

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

  1. Describe and apply basic financial accounting principles and explain how financial statements are compiled, reported, and analysed
  2. Explain how business organizations impact the financial structure, tax implication, and operations
  3. Explain financial statements relationships, classifications, contents and formats, and how to use them in Human Resources Management
  4. Explain the techniques used in financial statements analysis and interpretation
  5. Describe the need for internal controls and the procedures for payroll administration and payroll liability
  6. Describe the cost types, cost behavior, and how to use the cost-volume-profit analysis in decision making
  7. Prepare operating and financial budgets and evaluation of capital projects for to support short and long term operations of a business
  8. Describe the importance of accounting information in the operations of a business and how it impacts upon management decisions in terms of assessing the needs of responsibility accounting and assisting in the planning process
  9. Apply effective written communication skills to convey information and findings

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Individual Assignment30.0%
 Final Exam30.0%

Evaluation Notes and Academic Missed Work Procedure:
This final exam must be wriitten in person. All the academic policies of the College at which you registered apply. This includes, but is not limited to, policies related to grading, supplemental exams, deferred exams and accommodations.

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
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):

  • Other
    Notes:  This course is delivered through OntarioLearn at and is hosted by (Seneca College) SE-HRM732.

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: Online
Professor: Multiple Professors
RequiredTextbookManagerial Accounting, Jiambalvo, John Wiley and Sons Canada Ltd., 6, ISBN 9781119158011
RequiredTextbookSelected Chapters from Weygandt: Accounting Principles, Weygandt, John Wiley and Sons Canada Limited, 7 Parts 1 and 2, ISBN 9781119048503

Applicable student group(s): All
Course Details:

Accounting: The Financial Information System

  • The purpose and objctives of accounting
    • Concepts, techniques and conventions
  • Accounting reports: the balance sheet
    • The income statement, the statement of retained earnings, the statement of changes in financial position.

Managerial Accounting: Cost Behaviour and Cost Accumulation for Decision Making

  • Cost behaviour and cost volume relationships
  • Cost allocation systems and activity-based costing including service department costing
  • Relevant costs for decision making
  • Job costing, process costing and transfer pricing

Managerial Accounting: Budgeting and Budgetary Control

  • Budget preparation
  • Budgetary control: Responsibility accounting and decentralized organizations
  • Risk determination through sensitivity analysis
  • Long-term planning

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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