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Thompson Rivers University
Thompson Rivers University

ACCT 2251: Management Accounting

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.

Learning outcomes

  • 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 of estimates.
  • Analyze cost-volume-profit techniques to determine optimal managerial decisions.
  • Prepare a master budget and demonstrate an understanding of the relationship between the components.
  • Perform cost variance analysis and demonstrate the use of standard costs in flexible budgeting.
  • 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.

Course topics

  • 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 Scorecard

Required text and materials

The following materials are required for this course:

  • Weygandt, J.J., Kimmel, P.D., Kieso, D.E., and Aly, I.M. (2021). Managerial accounting: Tools for business decision-making (6th Canadian ed.). Toronto, ON: Wiley.
    Type: Loose-Leaf Textbook: ISBN: 978-1-119-73181-8

Assessments

Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.

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 8%
Assignment 2: Job Order & Process Costing 8%
Assignment 3: Activity Based Costing 8%
Assignment 4: Incremental Analysis & Inventory Costing Methods 8%
Assignment 5: Pricing Products & Budgetary Planning 9%
Assignment 6: Budgetary Control & Balaced Scorecards 9%
Final Exam (mandatory) 50%
Total 100%

Open Learning Faculty Member Information

An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.

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