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.
- 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
- 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)
- Incorporate transferred-in costs, spoilage, rework, and scrap to process costing.
- Apply balanced scorecard concepts to quality analysis.
- 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
- 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
- Module 1: Cost Management: Quality, Time, and the Theory of Constraints
- Module 2: Strategy, Balanced Scorecard, and Profitability Analysis
- Module 3: Period Cost Application
- Module 4: Cost Allocation: Joint Products and Byproducts
- Module 5: Revenue and Customer Profitability Analysis
- Module 6: Process Costing and Spoilage, Rework, and Scrap
- Module 7: Capital Budgeting
- Module 8: Transfer Pricing and Multinational Management Control Systems
Required text and materials
The following material is required for this course:
- Datar, S. M., Rajan, M.V., Beaubien, L., & Janz, S. (2022). Horngren’s cost
accounting: A managerial emphasis (9th Cdn. ed.). Pearson Canada.
A financial calculator is required. A Hewlett Packard 10bII, 10bII+, 12c, or Texas Instrument
BAII Plus is recommended.
Technical Basics lists the hardware, software, and computer skills requirements for
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 firstname.lastname@example.org 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. However, CGA and CICA
will only recognize this course if you achieve an overall C+ (65% to 69%) or higher.
|Assignment 1: Cost Management and Strategic Analysis
|Assignment 2: Period Cost Application, Cost Allocation, and Profitability
|Assignment 3: Process Costing and Spoilage, Rework, and Scrap
|Assignment 4: Capital Budgeting
|Assignment 5: Case Analysis
|Final Exam (mandatory)
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.