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
- 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
- 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
Students will receive the following:
- Datar, S. M., Rajan, M.& Beaubien L. (2019). Horngren’s Cost accounting: A
managerial emphasis (8th Cdn. ed.). Pearson Canada Inc.
Type: Textbook: ISBN:
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 your
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. However, CGA and CICA
will only recognize this course if you achieve an overall C+ (65% to 69%) or higher.
|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.