Students develop the ability to collect, analyze, and communicate quantitative and
non-quantitative information to assist management in making more effective planning and control
decisions. Topics include the changing role of management accounting and basic concepts; product
costing and cost accumulation; process costing and hybrid product costing systems; activity-based
costing and activity-based management; activity analysis, cost behaviour and cost estimation;
cost-volume profit analysis; absorption and variable costing; profit planning and activity-based
budgets; standard costing and flexible budgeting; cost management tools; and decision making.
After successfully completing this course, students will be able to:
- Apply managerial accounting and its objectives in a way that demonstrates a clear
understanding of ethical responsibilities.
- Prepare various costing schedules where an analysis of cost classification, behaviour, and
type is completed.
- Apply and analyze different types of activity-based management tools through the preparation
- Analyze cost-volume-profit techniques to determine optimal managerial decisions.
- Prepare a master budget and demonstrate an understanding of the relationship between the
- Perform cost variance analysis and demonstrate the use of standard costs in flexible
- Outline and apply management tools and techniques such as the balanced scorecard, operational
performance measures, quality, and environmental cost management.
- Prepare analyses of various special decisions, using relevant costing and benefits.
- Module 1: The Changing Role of Managerial Accounting
- Module 2: Job-Order Versus Process Cost Accounting
- Module 3: Activity Based Costing (ABC)
- Module 4: Incremental Analysis & Alternative Inventory Costing Methods
- Module 5: Pricing and Budgetary Planning
- Module 6: Budgetary Control and Responsibility Accounting, & Standard Costs and Balanced
Required text and materials
- Weygandt, J.J., Kimmel, P.D., Kieso, D.E., and Aly, I.M. (2017). Managerial Accounting
Tools for Business Decision-Making + WileyPLUS (5th Canadian ed.). Toronto, ON:
Type: Loose-Leaf Textbook: ISBN: 978-1-119-50279
Please be aware that due to COVID-19 safety guidelines all in-person exams have been suspended. As such, all final exams are currently being delivered through ProctorU, which has an approximate fee of $35 involved. There will be more information in your course shell, on how to apply, if your course has a final exam.
To successfully complete this course, students must achieve a passing grade of 50% or higher on
the overall course, and 50% or higher on the final mandatory exam.
|Assignment 1: Role of Managerial Accounting
|Assignment 2: Job Order & Process Costing
|Assignment 3: Activity Bases Costing
|Assignment 4: Incremental Analysis & Inventory Costing Methods
|Assignment 5: Pricing Products & Budgetary Planning
|Assignment 6: Budgetary Control & Balaced Scorecards
|Final Exam (mandatory)
Open Learning Faculty Member
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of your course.