BUS 350 Management Accounting is an introduction to management accounting concepts and methods. Main topic areas include: job order and process costing, budgeting and responsibility accounting, identification of costs relevant to price, product, and replacement decisions, cost/volume/profit relationships, cost control through flexible budgets, standard costs, and variance analysis.
Prerequisites: BUS 340 or BUS 343 or BUS 342 or equivalent with a minimum of 60%
Accessibility Services Notice
Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.Course Details| Total number of weeks | 15 |
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| Total Credits | |
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| Total Hours | 60 |
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Typical hours per week breakdown| Lecture | 4 |
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Learning Outcomes
Upon successful completion of this course, the learner will be able to:
- Describe what defines costs
- Determine cost behaviour using statistical methods
- Compute product costs in a job-order and process costing systems
- Determine total and per unit product costs
- Calculate contribution margins and break-even points for cost-volume-profit analysis
- Explain overhead allocation, absorption costing and activity-based costing methods
- Develop budgets that guide business activities
- Suggest solutions for the optimal use of constrained business resources
Teaching and Learning Approach
Teaching focusses on developing the student as a new professional. In class time is primarily spent working on
shared spreadsheets to develop both a clear understanding of managerial accounting concepts and the
spreadsheet and communication skills required in the workforce.
Students are expected to keep abreast of the technical concepts prior to class by reviewing the course notes.
The technical will be assessed in weekly quizzes, and small technical lectures will be interspersed with the
practical work in class.Learning Resources
Required:
Braun, K.W., Tietz, W. M., Beaubien, L. (2024) Managerial Accounting (5th Canadian Edition), Don Mills, ON:
Pearson
Business/Financial Calculator, recommended TI BA11 Plus Calculator
Personal Computer - windows based with webcam, speakers and microphone
High speed Internet ServiceDetailed Course Content, Topics, and Sequence Covered
1. Orientation to Managerial Accounting Preview of Chapter 1
2. Chapter 1: Introduction to Managerial Accounting
3. Chapter 2: Building Blocks of Managerial Accounting
4. Chapter 3: Cost Behaviour
5. Chapter 4: Cost-Volume-Profit-Analysis
6. Chapter 5: Job Costing
7. Review & Preparation for the Midterm
8. Midterm Week
9. Chapter 7: Activity-Based Costing
10. Chapter 8: Short-Term Business Decisions
11. Chapter 9: The Master Budget and Responsibility Accounting
12. Chapter 10: Flexible Budget and Standard Costs
13. Chapter 11: Performance Evaluation and the Balanced Scorecard
14. Review & Preparation for the Final
15. Final exam - ComprehensiveAssessment
| Title | Learning Outcomes | Value |
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| Assignments & Quizzes (weekly) | 1, 2, 3, 4, 5, 6, 7, 8 | 35% |
| Case Studies | 1, 2, 3, 4, 5, 6, 7, 8 | 15% |
| Mid-Term Exam | 1, 2, 3, 4, 5, 6 | 25% |
| Final Exam | 1, 2, 3, 4, 5, 6, 7, 8 | 25% |
| Total | 100% |
Grading Table
Standard Academic and Career Programs Grading Table
| Percentage |
Letter Grade |
GPA |
| 90-100 |
A+ |
4.33 |
| 85-89 |
A |
4.00 |
| 80-84 |
A- |
3.67 |
| 76-79 |
B+ |
3.33 |
| 72-75 |
B |
3.00 |
| 68-71 |
B- |
2.67 |
| 64-67 |
C+ |
2.33 |
| 60-63 |
C |
2.00 |
| 55-59 |
C- |
1.67 |
| 50-54 |
P |
1.00 |
| 0-49 |
F |
0.00 |
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DNW |
0.00 |
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.