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.
ACCT 1211: Accounting 1
ACCT 1221: Accounting 2
ACCT 2211: Financial Accounting
ENGL 1101: Introduction to University Writing
MIST 2611: Management Information Systems
ACCT 1010-Management Accounting
ACCT 2250: Management Accounting
BBUS 2540: Management Accounting
BBUS 2451: Management Accounting
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 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.
- 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
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: Wiley.
Type: Loose-Leaf Textbook: ISBN: 9781119410539
A computer with Internet access required.
Open Learning Faculty Member
An Open Learning Faculty Member is available to assist students. Primary communication is through the Learning Environment's "Mail" tool or by phone. Students will receive the necessary contact information when starting the course.
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||6%|
|Assignment 2: Job Order & Process Costing||6%|
|Assignment 3: Activity Bases Costing||6%|
|Assignment 4: Incremental Analysis & Inventory Costing Methods||6%|
|Assignment 5: Pricing Products & Budgetary Planning||8%|
|Assignment 6: Budgetary Control & Balaced Scorecards||8%|
|Final Exam *||60%|