Course
Discontinued
No
Course Code
ACCT 2320
Descriptive
Introductory Managerial Accounting
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201920
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
Online
Hybrid
Learning Activities
Lectures and/or on-line
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 and/or Case Analysis | 25% |
| Midterm Examination | 35% |
| Comprehensive Final Examination |
40% |
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:
Textbook: Managerial Accounting 4th Canadian Edition. Wiley. By: Weygandt, Kimmel, Kieso and Aly, and/or other textbook(s) and materials approved by the Accounting department
Faculty of Commerce and Business Administration approved calculators.
Which Prerequisite