vcc.ca
HOSP 2810: Management Accounting
Effective date
September 2014
Department
Hospitality Management
School
Hospitality, Food Studies and Applied Business
Description
This course uses a decision-making approach to prepare students to be managers of information accounting in the hospitality industry. The course includes a variety of workplace problems and a running theme of strategic management to help students relate management accounting decisions to a company’s success.
This course is part of the full-time Hospitality Management Diploma Program
Credits
3.0
Year of study
2nd Year Post-secondary
Prerequisites
HOSP 1860.
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Describe the role of management accounting in today's organizations
- Explain how cost drivers affect cost behavior
- Measure and mathematically express cost functions and use them to predict costs
- Construct an income statement using the variable costing approach and the absorption costing approach
- Explain the relationships between activities, resources, costs and cost drivers
- Prepare summary journal entries for the typical transactions of a job-costing system
- Compute costs and prepare journal entries for the principal transactions in a process-costing system
- Describe the relationships among the main elements of the decision process
- Use opportunity cost to analyze the income effects of a given alternative
- Explain the major features and advantages of a master budget
- Use flexible-budget formulas to construct a flexible budget based on the volume of sales
- Describe a management control system and how it relates to organizational goals
- Analyze the main elements of decentralization and identify its expected benefits and costs
Prior Learning Assessment & Recognition (PLAR)
To learn more about the PLAR pathways for this course review the Hospitality Management Diploma Program Content Guide.
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Presentations, discussions, case studies, exercises, use of computer program applications, individual and group work
Grading System
Letter Grade (A-F)
Passing grade
D (50%)
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Midterm Exam |
20 |
|
|
Final Exam |
25 |
|
|
Quizzes/Tests |
15 |
Quizzes |
|
Assignments |
15 |
Classroom and Homework Assignments |
|
Participation |
10 |
Classroom Participation |
|
Project |
15 |
|
Course topics
- Management Accounting and Management Decisions
- Cost Behavior and Cost-Volume Relationships
- Measurement of Cost Behavior
- Cost Management Systems
- Cost Allocation and Activity-Based Costing Systems
- Job-Costing Systems
- Process-Costing Systems
- Relevant Information and Decision Making: Marketing Decisions
- Relevant Information and Decision Making: Production Decisions
- Capital Budgeting Decisions
- The Master Budget
- Flexible Budgets and Variance Analysis
- Management Control Systems, the Balanced Scorecard and Responsibility Accounting
- Management Control in Decentralized Organizations
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.