Material will be presented within a lecture format
1.1 Management information and decisions
1.2 Cost behaviour
1.3 Introduction to cost systems
1.4 Relevant information and decision-making
2.1 The master budget
2.2 Flexible budgets and standards for control
3.1 Management control systems and responsibility accounting
3.2 Management control systems in decentralized organizations
4.1 Cost allocation and activity-based costing
4.2 Job-costing systems, overhead application, service industries
4.3 Process-costing systems
4.4 Overhead application: variable and absorption costing
The student will be able to:
- Apply a background of theory and concepts to the decision-making process
- Apply appropriate techniques to prepare both static and flexible budgets and to analyze the variances from those budgets
- Explain the concepts, techniques and merits of various management control systems used in both domestic and international operations
- Apply various cost allocation concepts and techniques to a variety of cost settings
Course evaluation will consist of a minimum of 3 evaluations, none of which will exceed 40%, for a total of 100%.
Textbooks and Materials to be Purchased by Students
Horngren, Charles T., Sundem, Garry L., Statton, William O., Teall, Howard, D.
Management Accounting, latest Canadian ed. Toronto: Prentice Hall Canada.
ACCT 1235 or equivalent