Course
Discontinued
No
Course Code
ACCT 2320
Descriptive
Introductory Managerial Accounting
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201610
PLAR
No
Semester Length
15 Weeks X 4 Hrs. per week = 60 Hrs
Max Class Size
35
Contact Hours
Lecture: 4 Hrs
Method(s) Of Instruction
Lecture
Learning Activities
Lectures, demonstration, and discussion will be used. The students’ learning will be supplemented with written and computerized problem-solving exercises and cases.
Course Description
This course introduces the student to cost and managerial accounting with an emphasis on decision making relating to pricing, product-mix, process and activity. Topics include: management accounting and strategy; types of costs and cost behaviour; job costing; process costing; activity- based costing; responsibility accounting; budgeting; variance analysis; cost-volume-profit analysis; decision making and relevant information; transfer pricing; customer profitability analysis; balanced scorecard, and competitive management methods.
Course Content
- The Changing Role of Managerial Accounting
- Basic Cost Management Concepts
- Product Costing and Cost Accumulation
- Process Costing and Hybrid Product-Costing Systems
- Activity-Based Costing
- Activity Analysis, Cost Behaviour, and Cost Estimation
- Cost-Volume-Profit Analysis
- Absorption and Variable Costing
- Profit Planning and Activity-Based Budgeting
- Standard Costing, Flexible Budgeting and Variances
- Cost Management Tools
- Responsibility Accounting, Investment Centres, and Transfer Pricing
- Decision Making Relevant Costs and Benefits
Learning Outcomes
At the end of the course, the successful student should be able to attain the following learning outcomes:
- Understand the factors that affect the design of management control systems
- Allocate and evaluate product or service costs of an enterprise applying various costing systems
- Examine the impact of product costing on pricing decisions
- Identify various ways costs are classified and determined; and how information needs and constraints affect the decision making process
- Develop a master budget system, and understand the elements of control and related behavioural implications
- Understand and explain the importance of professional ethics, corporate social responsibility, and corporate governance as factors in the long-term success of organizations
Means of Assessment
| Assignments and/or tests | 15% |
| Case analysis | 10% |
| Midterm examination | 35% |
| Comprehensive final examination | 40% |
| 100% |
Students must write both the midterm examination and the final examination to obtain credit for the course.
Textbook Materials
Textbooks and Materials to be Purchased by Students:
Hilton and Favere-Marchesi, Managerial Accounting, latest Canadian Ed. McGraw-Hill Ryerson, or other text(s) approved by the department
n, or other
text(s) approved by the department
Faculty of Commerce and Business Administration approved calculators.
Instructor compiled materials (if applicable)
Which Prerequisite