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 Of Instruction
Lecture
Online
Hybrid
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
Methods Of Instruction

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

Institution Transfer Details Effective Dates
Acsenda School of Management (ASM) ASM ACCT 201A (3) 2013/09/01 to -
Athabasca University (AU) DOUG ACCT 2320 (3) & DOUG ACCT 3420 (3) = AU ACCT 2XX (3) & AU ACCT 355 (3) 2014/01/01 to -
Athabasca University (AU) AU ACCT 2XX (3) 2014/01/01 to -
BC Institute of Technology (BCIT) BCIT FMGT 3210 (4) 2018/01/01 to -
BC Institute of Technology (BCIT) BCIT FMGT 3221 (4) or BCIT FMGT 3224 (4) 2009/01/01 to 2017/12/31
Camosun College (CAMO) CAMO ACCT 220 (3) 2013/01/01 to -
Capilano University (CAPU) CAPU BFIN 244 (3) 2004/09/01 to -
Coast Mountain College (CMTN) CMTN ACCT 252 (3) 2016/09/01 to -
College of the Rockies (COTR) COTR ACCT 375 (3) 2014/05/01 to -
Columbia College (COLU) COLU ACCT 254 (3) 2013/09/01 to -
Coquitlam College (COQU) COQU ACCT 205 (3) 2004/09/01 to -
Kwantlen Polytechnic University (KPU) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = KPU ACCT 3320 (3) & KPU ACCT 3420 (3) 2004/09/01 to 2019/08/31
Langara College (LANG) LANG FMGT 2294 (3) 2006/05/01 to -
Langara College (LANG) LANG FMGT 1323 (3) or LANG FMGT 2294 (3) 2004/09/01 to 2006/04/30
North Island College (NIC) NIC BUS 217 (3) 2013/09/01 to -
Okanagan College (OC) OC BUAD 264 (3) 2014/09/01 to -
Simon Fraser University (SFU) SFU BUS 254 (3) 2004/09/01 to -
Thompson Rivers University (TRU) TRU ADMN 2XX (3) 2005/09/01 to 2010/12/31
Thompson Rivers University (TRU) TRU BBUS 2XXX (3) 2010/09/01 to 2014/08/31
Thompson Rivers University (TRU) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = TRU BBUS 221 (3) & TRU BBUS 254 (3) 2004/09/01 to 2010/04/30
Thompson Rivers University (TRU) TRU ACCT 2250 (3) 2014/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 2541 (3) 2013/01/01 to 2015/08/31
Thompson Rivers University (TRU) TRU BBUS 2XX (3) 2004/09/01 to 2010/08/31
Thompson Rivers University (TRU) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = TRU BBUS 2541 (3) & TRU BBUS 2XXX (3) 2011/01/01 to 2012/12/31
Thompson Rivers University (TRU) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = TRU ADMN 233 (3) 2005/09/01 to 2010/12/31
Thompson Rivers University (TRU) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = TRU ADMN 232 (3) 2004/09/01 to 2005/08/31
Thompson Rivers University (TRU) TRU ACCT 2251 (3) 2015/09/01 to -
Thompson Rivers University (TRU) TRU BBUS 2XXX (3) 2011/01/01 to 2012/12/31
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) 2020/01/01 to -
Trinity Western University (TWU) TWU BUSI 2XX (3) 2020/01/01 to -
University Canada West (UCW) UCW ACCT 301 (3) 2013/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO MGMT 202 (3) 2019/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO MGMT 2nd (3) 2004/09/01 to 2019/08/31
University of British Columbia - Vancouver (UBCV) UBCV COMM 294 (3) 2013/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 294 (3) or UBCV COMM 2nd (3) 2010/05/01 to 2013/08/31
University of British Columbia - Vancouver (UBCV) UBCV COMM 294 (3) 2004/09/01 to 2010/04/30
University of Northern BC (UNBC) UNBC COMM 211 (3) 2013/09/01 to -
University of Northern BC (UNBC) DOUG ACCT 2320 (3) & DOUG ACCT 2420 (3) = UNBC COMM 211 (3) 2004/09/01 to 2010/04/30
University of the Fraser Valley (UFV) UFV BUS 247 (3) 2004/09/01 to -
University of Victoria (UVIC) DOUG ACCT 1235 (3) & DOUG ACCT 2320 (3) = UVIC COM 270 (1.5) & UVIC COM 2XX (1.5) 2013/09/01 to 2019/04/30
University of Victoria (UVIC) UVIC COM 2XX (1.5) 2004/09/01 to 2013/08/31
University of Victoria (UVIC) UVIC COM 317 (1.5) 2019/05/01 to -
Vancouver Island University (VIU) VIU ACCT 294 (3) 2013/09/01 to -

Course Offerings

Fall 2021

CRN
Days
Dates
Start Date
End Date
Instructor
Status
32006
Tue
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Stanger
Glen
Open
Max
Enrolled
Remaining
Waitlist
35
32
3
0
Days
Building
Room
Time
Tue
18:30 - 21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
32786
Tue
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Fellnermayr
Barbara
Full
Max
Enrolled
Remaining
Waitlist
35
35
0
0
Days
Building
Room
Time
Tue
New Westminster - North Bldg.
N4307
12:30 - 15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
34053
Wed
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Fellnermayr
Barbara
Open
Max
Enrolled
Remaining
Waitlist
35
34
1
0
Days
Building
Room
Time
Wed
8:30 - 11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
34189
Wed
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Stanger
Glen
Open
Max
Enrolled
Remaining
Waitlist
35
31
4
0
Days
Building
Room
Time
Wed
12:30 - 15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
35324
Fri
07-Sep-2021
- 08-Dec-2021
07-Sep-2021
08-Dec-2021
Lung
A. A. Giana
Open
Max
Enrolled
Remaining
Waitlist
35
27
8
0
Days
Building
Room
Time
Fri
New Westminster - North Bldg.
N4370
12:30 - 15:20