|NAME OF INSTRUCTOR:
||Dwayne O'Coin, CA|
|CREDIT WEIGHT AND WEEKLY TIME DISTRIBUTION:
||credits 3 (hrs lect 3 - hrs sem 0 - hrs lab 1.5)|
||This course teaches cost terms, cost behaviour, costing
systems, product costing, cost allocation, relevant costs for
decision-making, budgeting and capital budgeting.|
Prerequisites: BUSI 253
Garrison, R.H. et al. (2015). Managerial Accounting, 10th Canadian edition. McGraw-Hill.|
|MARK DISTRIBUTION IN PERCENT:||
Upon completion of this course, the student should be able to:|
among product costs, period costs and variable/fixed costs, direct and
indirect costs as well as prepare a schedule of cost of goods
- Explain and use CVP analysis in decision –making and explain how sensitivity. analysis can help managers cope with uncertainty.
- Calculate costs for products or services using activity-based costing.
- Prepare the operating budget and its supporting schedules.
- Compute price and efficiency variances and develop a flexible budget. Recognize various approaches to cost estimation.
- Distinguish among direct allocation, step down, and reciprocal method of allocating support department costs.
- Apply relevant costing to decision making
- Introduction, Syllabus
- Managerial Accounting & the Business Environment
- Cost Terms, Concepts & Classifications
- Cost Behaviour: Analysis and Use
- Cost-Volume-Profit Relationships
- Systems Design: Job Order Costing
- Systems Design: Process Costing
- Activity Based Costing
- Standard Costs & Overhead Analysis
- Reporting for Control
- Relevant Costs for Decision Making
- Capital Budgeting Decisions