Introductory Managerial Accounting

Curriculum Guideline

Effective Date:
Course Code
ACCT 2320
Introductory Managerial Accounting
Commerce & Business Administration
Start Date
End Term
Semester Length
15 Weeks X 4 Hrs. per week = 60 Hrs
Max Class Size
Contact Hours
Lecture: 4 Hrs
Method(s) Of Instruction
Learning Activities

Lectures, demonstration, and discussion will be used. The students’ learning will be supplemented with written and computerized problem-solving exercises and cases.

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 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
Means of Assessment
Assignments and/or tests  15%
Case analysis  10%
Midterm examination  35%
Comprehensive final examination  40%

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

Textbook Materials

Textbooks and Materials to be Purchased by Students:

Hilton and Favere-Marchesi, Managerial Accounting, latest Canadian Ed. McGraw-Hill Ryerson, or other text(s) approved by the department

n, or other 
text(s) approved by the department

Faculty of Commerce and Business Administration approved calculators.

Instructor compiled materials (if applicable)


(ACCT 1210 with a grade of C or better OR ACCT 1235 with a grade of C or better)

Which Prerequisite