Management Accounting

Curriculum guideline

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Course
ACCT 2315
Discontinued
No
Course code
ACCT 2315
Descriptive
Management Accounting
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
201920
PLAR
No
Semester length
15 Weeks X 4 Hours per Week = 60 Hours
Max class size
35
Contact hours
Lecture: 4 Hours Total: 4 Hours
Method(s) of instruction
Lecture
Learning activities

Material will be presented within a lecture format

Course description
This course is intended for business management students who are not majoring in accounting. It covers the basic concepts and techniques of management accounting and also focuses on current trends in that field. In addition, the planning and control techniques emphasized are applied just as much to non-profit, retail, wholesale, selling, and administrative situations as they are to manufacturing. Topics include: cost behaviour, cost systems, relevance for decision-making, budgeting, control systems, and transfer pricing.
Course content

1.1  Management information and decisions

1.2  Cost behaviour

1.3  Introduction to cost systems

1.4  Relevant information and decision-making

2.1  The master budget

2.2  Flexible budgets and standards for control

3.1  Management control systems and responsibility accounting

3.2  Management control systems in decentralized organizations

4.1  Cost allocation and activity-based costing

4.2  Job-costing systems, overhead application, service industries

4.3  Process-costing systems

4.4  Overhead application: variable and absorption costing

Learning outcomes

The student will be able to:

  1. Apply a background of theory and concepts to the decision-making process
  2. Apply appropriate techniques to prepare both static and flexible budgets and to analyze the variances from those budgets
  3. Explain the concepts, techniques and merits of various management control systems used in both domestic and international operations
  4. Apply various cost allocation concepts and techniques to a variety of cost settings
Means of assessment

Course evaluation will consist of a minimum of 3 evaluations, none of which will exceed 40%, for a total of 100%.

Textbook materials

Textbooks and Materials to be Purchased by Students

 

Horngren, Charles T., Sundem, Garry L., Statton, William O., Teall, Howard, D. 

             Management Accounting, latest Canadian ed.  Toronto:  Prentice Hall Canada.

Prerequisites

ACCT 1235 or equivalent