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Course Description

Calculator and silver pen on top of paper with calculations

This course emphasizes the use of accounting information to facilitate effective management decisions. Topics include cost determination, cost control and analysis, budgeting, profit-volume analysis and capital investment analysis.

Note: This course may be taken individually or as a part of a certificate program.
Note: This course is accredited by the Human Resource Professionals Association (HRPA) and may be applied towards the CHRP designation.

Learning Outcomes

By the end of the course, the learner should be able to:

  1. Clearly demonstrate an understanding and application of the various managerial accounting concepts;
  2. Categorize costs into different classifications based on their managerial decision usefulness;
  3. Identify optimal managerial decisions through Cost-Volume-Profit and relevant costing analysis;
  4. Apply variable, absorption and standard costing as appropriate in various contexts;
  5. Apply budgeting and budget projection tools in a business setting; and
  6. Incorporate managerial accounting tools in decision-making processes for immediate and long-term decisions.

Course Topics

  • Managerial Accounting and the Business Environment
  • Cost Terms, Concepts and Classification
  • Cost Behaviour – Analysis and Use
  • Cost-Volume-Profit Relationships
  • System Design – Job-Order Costing
  • Activity-Based Costing – A Tool to Aid Decision Making
  • Variable vs. Absorption Costing, A Tool for Management
  • Budgeting for Costs and Cash
  • Standard Costs
  • Reporting for Control
  • Relevant Costs for Decision Making
  • Capital Budgeting Decisions

Additional Requirements

Prerequisite(s): ACCT*1220 or ACCT*2220

Equate(s): AGEC*2230, BUS*2230

Restriction(s): This is a Priority Access Course. Enrolment may be restricted to particular programs or specializations. See department for more information.

Assessment

Assessment Item Weight Learning Outcomes
Weekly Post-Class Quizzes (Best 10 x 2%) 20% 1, 2, 3, 4, 5 and 6
Weekly LearnSmart Unit Assignments (Best 10 x 1%) 10% 1, 2, 3, 4, 5 and 6
Problem Solving Assignments (2 x 5%) 10% 1, 2, 4 and 5
Midterm 10% 1, 2, 3 and 6
On Campus Final Exam 50% 1, 2, 3, 4, 5 and 6
Total 100% 1, 2, 3, 4, 5 and 6

Note: The student must pass the final exam to pass the course.

Applies Towards the Following Certificates

*Course details are subject to change.

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Section Title
Management Accounting
Type
Online
Dates
January 06, 2020 to April 03, 2020
Contact Hours
36.0
Delivery Options
Online  
Course Fee(s)
Domestic Tuition Fee (0.5 units) $683.39 Click here to get more information
International Tuition Fee (0.5 units) $2,504.99 Click here to get more information
Available for Credit
0.5 units
Section Notes
Note: If you are in a degree program at the University of Guelph, please DO NOT register using the link above. You must register through WebAdvisor.
Section Materials
  • Textbook (Unconfirmed) (Mandatory) Managerial Accounting by Ray Garrison, Alan Webb and Theresa Libby. © 2018 McGraw-Hill Education 11th Canadian edition ISBN 9781259275814
  • Publishers Access Code (Unconfirmed) (Mandatory) Connect Access McGraw-Hill
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