Course

Introductory Managerial Accounting

Faculty
Commerce & Business Administration
Department
Accounting
Course Code
ACCT 2320
Credits
3.00
Semester Length
15 Weeks X 4 Hrs. per week = 60 Hrs
Max Class Size
35
Method(s) Of Instruction
Hybrid
Online
Lecture
Course Designation
None
Industry Designation
CPA,PEP
Typically Offered
Fall
Summer
Winter

Overview

Course Description
This course introduces the student to cost and managerial accounting with an emphasis on decision making relating to pricing, product-mix, process and activity. Topics include: management accounting and strategy; types of costs and cost behaviour; job costing; process costing; activity- based costing; responsibility accounting; budgeting; variance analysis; cost-volume-profit analysis; decision making and relevant information; transfer pricing; customer profitability analysis; balanced scorecard, and competitive management methods.
Course Content
  1. The Changing Role of Managerial Accounting
  2. Basic Cost Management Concepts
  3. Product Costing and Cost Accumulation
  4. Process Costing and Hybrid Product-Costing Systems
  5. Activity-Based Costing
  6. Activity Analysis, Cost Behaviour, and Cost Estimation
  7. Cost-Volume-Profit Analysis
  8. Absorption and Variable Costing
  9. Profit Planning and Activity-Based Budgeting
  10. Standard Costing,  Flexible Budgeting and Variances
  11. Cost Management Tools
  12. Responsibility Accounting, Investment Centres, and Transfer Pricing
  13. Decision Making Relevant Costs and Benefits
Learning Activities

Lectures and/or on-line 

Means of Assessment

     

Assignments and/or Tests and/or Case Analysis  25%
Midterm Examination   35%
Comprehensive Final Examination  

40%

Students must write both the midterm examination and the final examination to obtain credit for the course.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.

 

Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.

 

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Learning Outcomes

At the end of the course, the successful student should be able to attain the following learning outcomes:

  1. Understand the factors that affect the design of management control systems
  2. Allocate and evaluate product or service costs of an enterprise applying various costing systems
  3. Examine the impact of product costing on pricing decisions
  4. Identify various ways costs are classified and determined; and how information needs and constraints  affect the decision making process
  5. Develop a master budget system, and understand the elements of control and related behavioural implications
  6. Understand and explain the importance of professional ethics, corporate social responsibility, and corporate governance as factors in the long-term success of organizations
Textbook Materials

Textbooks and Materials to be Purchased by Students:

Textbook: Managerial Accounting 4th Canadian Edition. Wiley. By: Weygandt, Kimmel, Kieso and Aly, and/or other textbook(s) and materials approved by the Accounting department

Faculty of Commerce and Business Administration approved calculators.

 

Requisites

Prerequisites

(ACCT 1110 with a grade of C or better OR ACCT 1235 with a grade of C or better)

Corequisites

Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer Details for ACCT 2320
Acsenda School of Management (ASM) ASM ACCT 201A (3)
Athabasca University (AU) DOUG ACCT 2320 (3) & DOUG ACCT 3420 (3) = AU ACCT 2XX (3) & AU ACCT 355 (3)
Athabasca University (AU) AU ACCT 2XX (3)
BC Institute of Technology (BCIT) BCIT FMGT 3210 (4)
Camosun College (CAMO) CAMO ACCT 220 (3)
Capilano University (CAPU) CAPU BFIN 244 (3)
Coast Mountain College (CMTN) CMTN ACCT 252 (3)
College of the Rockies (COTR) COTR ACCT 375 (3)
Columbia College (COLU) COLU ACCT 254 (3)
Coquitlam College (COQU) COQU ACCT 205 (3)
Langara College (LANG) LANG FMGT 2294 (3)
North Island College (NIC) NIC BUS 217 (3)
Okanagan College (OC) OC BUAD 264 (3)
Simon Fraser University (SFU) SFU BUS 254 (3)
Thompson Rivers University (TRU) TRU ACCT 2250 (3)
Thompson Rivers University (TRU) TRU ACCT 2251 (3)
Trinity Western University (TWU) DOUG ACCT 1110 (3) & DOUG ACCT 1210 (3) & DOUG ACCT 2320 (3) = TWU BUSI 121 (3) & TWU BUSI 222 (3) & TWU BUSI 2XX (3)
Trinity Western University (TWU) TWU BUSI 2XX (3)
University Canada West (UCW) UCW ACCT 301 (3)
University of British Columbia - Okanagan (UBCO) UBCO MGMT 202 (3)
University of British Columbia - Vancouver (UBCV) UBCV COMM 294 (3)
University of Northern BC (UNBC) UNBC COMM 211 (3)
University of the Fraser Valley (UFV) UFV BUS 247 (3)
University of Victoria (UVIC) UVIC COM 317 (1.5)
Vancouver Community College (VCC) VCC ACCT 2035 (3)
Vancouver Island University (VIU) VIU ACCT 294 (3)

Course Offerings

Winter 2023

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12537
Mon
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Eisenberg
Instructor First Name
Gunter
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
5
Days
Building
Room
Time
Mon
Building
Anvil Office Tower
Room
624
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
13685
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Robertson
Instructor First Name
George
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
27
8
Actual Wait Count
0
Days
Building
Room
Time
Wed
Building
New Westminster - North Bldg.
Room
N4360
Start Time
18:30
-
End Time
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
14486
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
McLellan
Instructor First Name
Donald
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
36
-1
Actual Wait Count
27
Days
Building
Room
Time
Thu
Building
New Westminster - North Bldg.
Room
N4360
Start Time
15:30
-
End Time
18:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
15237
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Robertson
Instructor First Name
George
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
26
9
Actual Wait Count
0
Days
Building
Room
Time
Thu
Building
New Westminster - North Bldg.
Room
N4360
Start Time
12:30
-
End Time
15:20