Lectures and/or on-line
- 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
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
| 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.
To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.
Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
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.
Courses listed here must be completed either prior to or simultaneously with this course:
- No corequisite courses
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses