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.

Learning outcomes

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 topics

  • 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:

  1. Datar, S. M., Rajan, M.& Beaubien L. (2019). Horngren’s Cost accounting: A managerial emphasis (8th Cdn. ed.). Pearson Canada Inc.
    Type: Textbook: ISBN: 9780134453736

Additional requirements

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 course.


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.

Assignment 1 7%
Assignment 2 8%
Assignment 3 8%
Assignment 4 7%
Case 10%
Final Exam (mandatory) 60%
Total 100%

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.

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