vcc.ca
ACCT 2035: Management Accounting
Effective date
September 2021
Department
Accounting Diploma
School
Hospitality, Food Studies and Applied Business
Description
This course refines and extends the range of financial models developed in ACCT 1035: Financial Accounting 1, with changes from the past to the future. The budget replaces the balance sheet, performance and analysis replaces the income statement and the cash flow forecast replaces the cash flow statement. Break-even analysis, and make-or-buy, pricing and capital investment decisions are studied.
Credits
3.0
Year of study
2nd Year Post-secondary
Prerequisites
ACCT 1035, MGMT 1021, MGMT 1001.
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Prepare a basic manufacturing income statement
- Apply the cost-volume-profit framework to different managerial decisions
- Prepare a comprehensive master budget
- Calculate and interpret material price and quantity variances, labour rate and efficiency variances and variable overhead spending and efficiency variances
- Apply the relevant cost framework to managerial decisions regarding equipment replacement, outsourcing, special orders, constrained resource and addition or deletion of products
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, Demonstrations, Group Work, Project Work
Grading System
Letter Grade (A-F)
Passing grade
C
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Assignments |
10 |
|
|
Project |
20 |
Master Budget Project |
|
Midterm Exam |
35 |
Midterm may consist of more than one exam |
|
Final Exam |
35 |
|
Course topics
- 1. Managerial Accounting Overview
- 2. Cost Concepts and Cost Behaviour Analysis
- 3. Job Order Costing
- 4. Process Cost Accounting
- 5. Activity-Based Costing
- 6. Cost-Volume-Profit Analysis
- 7. Incremental Analysis
- 8. Alternative Inventory Costing Methods
- 9. Pricing/Transfer Pricing
- 10. Budget Planning
- 11. Budgetary Control and Accounting
- 12. Standard Cost and Balanced Scorecard
Learning resources
Horngren's Financial & Managerial Accounting, Latest Edition, Nobles, Mattison, and Matsumura, Pearson.
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.