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TERM:2021-22 Winter
COURSE NUMBER: BUSI 357
COURSE TITLE: Advanced 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)
CALENDAR DESCRIPTION: This course builds on the material covered in Busi355 and Busi356, emphasizing practice of the concepts and techniques learned to real-life case situations. In particular, the course provides practice in defining issues and applying management accounting knowledge. Topics include responsibility accounting, performance management and strategy analysis, control system design, and corporate governance.

Prerequisites: BUSI 356
REQUIRED TEXTS: Datar, S., et al. (2019). Horngren's Cost Accounting: A Managerial Emphasis, Eighth Canadian Edition. Pearson. (plus Pearson MyLab Accounting)
MARK DISTRIBUTION IN PERCENT:
Assignments/Cases20%
Major Case Study 25%
Midterm 25%
Final 30%
100%
COURSE OBJECTIVES: At the end of this course, student should have developed the following course specific skills and knowledge: 
  • knowledge of cost accounting to enable you to prepare, use and to evaluate critically management accounting data for tactical decision making, strategic decision making, and performance evaluation and control; 
  • problem-solving skills, including the application of quantitative techniques in both the short- and long-run decision-making framework; and
  • the ability to apply these skills and knowledge in various settings. 
COURSE SCHEDULE:
  • Introduction
  • Analysis of Cost Behaviour
  • Decision Making and Relevant Information
  • Pricing Decisions: Profitability and Cost Management
  • Strategy, the Balanced Scorecard, and Profitability Analysis
  • Case Studies
  • Period Cost Application
  • Cost Allocation: Joint Products and Byproducts
  • Revenue and Customer Profitability Analysis
  • Process Costing
  • Spoilage, Rework, and Scrap
  • Inventory Cost Management Strategies
  • Capital Budgeting: Methods of Investment Analysis
  • Transfer Pricing & Multinational Management Control System
  • Multinational Performance Measurement & Compensation

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