Management Accounting 2
  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 2016
Prerequisites: ACCG70020
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Accounting and Finance
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20160906_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. For on-line students the Final Exam will be administered in-person.

Section II: Course Details

Detailed Description
Students build on the fundamentals of management accounting covered in ACCG70020, Management Accounting 1. This course explores the various forms of costing used to inform management accountants and their decision making. Topics include process costing, activity-based costing, service department costing, standard costing, variance analysis, relevant costing and decision making, flexible budgets and pricing decisions. Students use Connect (an online site) to engage in practice exercises and develop their skills. Assignments are submitted through the use of Connect. Additionally, students use Slate2 to access course content, engage in student collaboration and contact the instructor. Students in the online course can expect to view online lectures and lessons, participate in discussions, and submit assignments and tests using the internet. The Final exam will be administered in-person.

Program Context

Accounting and Finance 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 analytical tools to create accounting reports, plan, control and evaluate an organization.
Learning Outcomes:

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

  1. Establish a product's unit cost by appropriately applying direct material, direct labor and manufacturing overhead.
  2. Prepare a formal departmental production report for a process costing system using the Weighted Average and FIFO methods.
  3. Prepare the journal entries to record inventory flow in a process cost system.
  4. Allocate Service Department costs using the Direct, the Step-Down, and the Reciprocal method.
  5. Employ Activity Based Costing (ABC) in management decisions.
  6. Evaluate unit product costs under ABC and Traditional Costing.
  7. Employ flexible budgets and overhead performance reports for directing and controlling an organization.
  8. Apply cost and revenue variances to improve decision making and evaluating personnel.
  9. Utilize quality to specification to analyze the cost of quality.
  10. Utilize non-financial strategies to improve financial performance.
  11. Utilize relevant costs to develop models supporting management decision making.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: ONLINE
 Slate2 Discussion5.0%
 Assignments (Accessed using Connect)8.0%
 Major Assignment (Posted on Slate2: Content/Module 1/Major Assignment)7.0%
 Test 1 - Module 1 to 5 Connect (2 hrs)20.0%
 Test 2 - Module 6 & 7 Connect (2 hrs)20.0%
 Final Exam - Comprehensive In-class (3 hrs)40.0%

Evaluation Notes and Academic Missed Work Procedure:
A weekly question will be posted requiring two responses engaging other students. The student may also earn the grade by discussing course material with other students on Slate2. Students must achieve a minimum of 50% on the final exam to earn credit for this course.

Evaluation Plan: IN-CLASS
 Group Presentation5.0%
 Assignments (CONNECT)8.0%
 Major Assignment7.0%
 Test 1 - Module 1 to 520.0%
 Test 2 - Module 6 & 7 In-Class (2 hours)20.0%
 Final Exam - Comprehensive In-Class (3 hours)40.0%

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 students in the online and in-class course.
Online Multiple Professors Faculty of Continuing and Professional Studies students in the online and in-class course.

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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