TKUC LogoTHE KING'S UNIVERSITY

TERM:2021-22 Winter
COURSE NUMBER: BUSI 355
COURSE TITLE: Management Accounting
NAME OF INSTRUCTOR: Jeff Miller, MBA, BCom, CPA, CMA
CREDIT WEIGHT AND WEEKLY TIME DISTRIBUTION: credits 3 (hrs lect 3 - hrs sem 0 - hrs lab 1.5)
CALENDAR DESCRIPTION: 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
REQUIRED TEXTS: Garrison, R.H., et al. (2020). Managerial Accounting, 12 th Canadian edition. McGraw-Hill. (including MHConnect)
MARK DISTRIBUTION IN PERCENT:
Lab assignments30%
Midterm 30%
Final40%
100%
COURSE OBJECTIVES: Upon completion of this course, the student should be able to:
  • Distinguish among product costs, period costs and variable/fixed costs, direct and indirect costs as well as prepare a schedule of cost of goods manufactured.
  • 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
COURSE SCHEDULE:
  • Introduction
  • 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
  • Variable Costing
  • Budgeting
  • Standard Costs & Overhead Analysis
  • Reporting for Control
  • Relevant Costs for Decision Making
  • Capital Budgeting Decisions
  • Financial Statement Analysis

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