Management Accounting 1
  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 2018
Prerequisites: ACCG70016
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance Courses
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20180904_00
Status: Approved (APPR)

Section I Notes: This course is offered in a classroom version and an online version. In the classroom version, there are three hours per week of classroom instruction. The online version is a web-based course offered entirely online through Sheridan College. Students taking this course will need reliable access to the internet, and should have a basic level of comfort using computers as well as the self-discipline to study independently. Students can expect to spend an additional three hours per week for online activities such as postings, discussions, homework and assignments. The final exam for both classroom and online courses will be conducted in class. Students need to come in-person to write the exam at a specified location and will be supervised by the instructor or a proctor.

Section II: Course Details

Detailed Description
Students are introduced to the analytical tools used in managerial accounting. Students examine how accounting information is used within an organization in making important financial decisions for planning, controlling costs and evaluating an organization's performance. Students study the fundamental concepts of managerial accounting including how volume affects cost, fixed and variable costs, interpreting and designing graphs and scatter plots, types of budgets and their uses in internal financial planning, job order versus process costing, as well as the ethical standards involved in managerial accounting. Students in the online course engage in online discussions, online assignments, independent readings and assigned exercises and problems. The course consists of writing two online tests at a specified date and time. The final exam will be held in a class setting.

Program Context

Accounting and Finance Courses Program Coordinator(s): N/A
This course is offered through the Faculty of Continuing & Professional Studies.

Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course, students will have demonstrated the ability to use internal accounting data for decision making to plan, control and evaluate the performance of an organization.
Learning Outcomes:

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

  1. Differentiate the roles and functions of managerial and financial accounting in a business organization.
  2. Differentiate the various variable, fixed, direct and indirect cost classifications used by management accountants.
  3. Use analytical techniques of a job-order costing system to allocate component costs and prepare cost schedules.
  4. Use cost-volume-profit sensitivity analysis to explain cost behavior.
  5. Prepare a master budget to aid in planning, controlling and evaluating an organization.
  6. Explain the advantages, disadvantages and analytical techniques used to evaluate the different types of responsibility centers.
  7. Evaluate transfer pricing decisions between departments.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Online discussion5.0%
 Online Assignments (7x1%)7.0%
 Major Assignment8.0%
 Test 120.0%
 Test 220.0%
 Final Exam Comprehensive40.0%

Evaluation Notes and Academic Missed Work Procedure:
A minimum grade of 50% must be achieved on the final exam in order to receive credit for this course. The final exam will be conducted in class. For the online delivery, the two tests will be written online at a specified date and time. Students will write the final exam in-person.

Evaluation Plan: IN-CLASS
 Online Assignments (8x1.5%)12.0%
 Major Assignment8.0%
 Test # 120.0%
 Test # 220.0%
 Final Exam Comprehensive40.0%

Evaluation Notes and Academic Missed Work Procedure:

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):

  • Challenge Exam

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.
Print Instruction Mode Professor Applicable Student Group(s)
In-Class Multiple Professors Faculty of Continuing and Professional Studies Online and In-Class students.
Online Multiple Professors Faculty of Continuing and Professional Studies Online and In-Class students.

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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