Intermediate Managerial Accounting

Curriculum Guideline

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Course
ACCT 3420
Discontinued
No
Course Code
ACCT 3420
Descriptive
Intermediate Managerial Accounting
Department
Accounting
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201730
PLAR
No
Semester Length
15 Weeks X 4 Hours per week = 60 Hours
Max Class Size
35
Contact Hours
4 Hours
Method(s) Of Instruction
Lecture
Learning Activities

Lectures, demonstration, and discussion combined with written and computerized exercises in problem-solving activities.  In addition, students will be required to use a team approach in the oral presentation of solutions to discussion questions and case analyses.

Course Description
This course expands on introductory management accounting topics and introduces new subject matter within the context of decision making. The student will learn alternative systems, processes, and analytical techniques used in managing and controlling business operations. Topics include: the strategic context for management accounting; cost allocation methods and their effects on decision making; alternative methods and accounting applications for various costing systems; in depth cost and revenue variance analysis; cost management of quality; the theory of constraints; quantitative analysis of cost functions; supply chain and inventory management.
Course Content
  1. Strategy, balanced scorecard, and strategic profitability analysis
  2. Cost allocation methods and their effects on performance evaluation and decision making
  3. Variable, absorption costing, and throughput costing methods including the effects of denominator activity on inventory valuation
  4. Accounting applications for various costing systems
  5. Process costing: fifo and weighted average methods
  6. The calculation, accounting, and analysis, of cost and revenue variances, including mix variances
  7. Cost management: quality, time, and theory of constraints
  8. Inventory and supply chain management including EOQ, JIT, and backflush costing
  9. Performance measurement, compensation, and multinational considerations
  10. Quantitative analysis of cost functions
  11. Accounting for spoilage, rework, and scrap
Learning Outcomes

At the end of the course, the successful student should be able to:

  1. Demonstrate the use of alternative systems and techniques to furnish management information in more complex operational settings;
  2. Develop, analyze and use appropriate data for management decision-making and control purposes given a variety of business operating scenarios;
  3. Apply case analysis to business situations involving higher level decision making and information requirements;
  4. Demonstrate the ability to work cooperatively in a group setting.
Means of Assessment
Assignments and/or tests  16%
Case(s)  14%
Midterm examination  30%
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

Horngren, Charles T. et al. Cost Accounting:  A Managerial Emphasis, latest edition. Pearson Education; or, other text(s) as approved by the ACCT Dept.

Instructor compiled materials (if applicable).

On-line cases to be purchased by student (if applicable), to be determined by instructor.

Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations

Prerequisites

(ACCT 2320 with a grade of C or better) 

Which Prerequisite

ACCT 4520