ACCT 3251: Intermediate Management Accounting

Building on ACCT 2251: Management Accounting, students further develop their ability to use quantitative and non-quantitative information to make effective planning and control decisions. Topics include strategy, balanced scorecard, and profitability analysis; period cost application; cost allocation, including joint products and byproducts; revenue and customer profitability analysis; process costing and spoilage, rework, and scrap; cost management and quality, time, and the theory of constraints; capital budgeting; transfer pricing and multinational management control systems.


After successfully completing this course, students will be able to:

  • Explain competitive forces and relate these to strategic decision frameworks.
  • Identify and evaluate strategic success, using balanced scorecard measures.
  • Evaluate and select between a single and dual-rate cost method to apply period costs of support activities.
  • Evaluate, select, and use the three most common cost allocation methods to allocate support department, or period overhead, costs.
  • Explain, evaluate, and apply the physical measure, sales value at split-off and net realizable value cost allocation methods to joint products and by-products.
  • Allocate revenue from a product bundle to its distinct components.
  • Calculate and interpret revenue variance analyses.
  • Generate a customer profitability profile.
  • Apply process costing techniques using the weighted average and first-in, first-out (FIFO) methods. Incorporate transferred-in costs, spoilage, rework, and scrap.
  • Apply balanced scorecard concepts to quality analysis and demonstrate an understanding of the use of time as a competitive tool.
  • Analyze quality control problems.
  • Demonstrate an understanding of time as a competitive tool.
  • Apply the concept of the time value of money to capital budgeting decisions, using the net present value and internal rate of return methods.
  • Analyze alternative approaches used to recognize the degree of risk in capital budgeting projects.
  • Demonstrate an understanding of the effects of capital cost allowance and income tax on capital budgeting decisions.
  • Explain the effect of inflation on capital budgeting decisions.
  • Evaluate and apply transfer-pricing methods to products.
  • Discuss the effects of income tax when establishing transfer-pricing policies in multinational organizations.

Course outline

  • Module 1: Strategy, Balanced Scorecard, and Profitability Analysis
  • Module 2: Period Cost Application
  • Module 3: Cost Allocation: Joint Products and Byproducts
  • Module 4: Revenue and Customer Profitability Analysis
  • Module 5: Process Costing and Spoilage, Rework, and Scrap
  • Module 6: Cost Management: Quality, Time, and the Theory of Constraints
  • Module 7: Capital Budgeting
  • Module 8: Transfer Pricing and Multinational Management Control Systems

Required text and materials

Horngren, C. T., Datar, S. K., Foster, G., Rajan, M., Beaubien, L., & Graham C. (2016) Cost Accounting: A Managerial Emphasis. 7th Canadian Edition. Toronto, ON: Pearson Canada Inc.,
Type: Textbook. ISBN-13: 9781323686690

Note: Students enrolling in this course will receive a custom version of the above textbook printed by the publisher, which differs from the ISBN above.

Additional requirements

Students will need MS Office (2003 or higher) with Word, Excel.

A financial calculator is required. A Hewlett Packard 10bII, 10bII+, 12c, or Texas Instrument BAII Plus is recommended.

Students can find detailed information about the hardware, software, and computer skills requirements for the course at


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. However, CGA and CICA will only recognize this course if you achieve an overall C+ (65% to 69%) or higher.

Assignment 1 7%
Assignment 2 8%
Assignment 3 8%
Assignment 4 7%
Case 10%
Final Exam * 60%
Total 100%

* Mandatory

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.

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