Course

Financial and Managerial Accounting for Managers

Faculty
Commerce & Business Administration
Department
Accounting
Course code
ACCT 3008
Credits
3.00
Semester length
15 Weeks
Max class size
35
Method(s) of instruction
Lecture
Course designation
None
Industry designation
None
Typically offered
To be determined

Overview

Course description
This course involves financial and managerial accounting with an emphasis on applying concepts for management decision-making. Financial accounting emphasizes accounting terminology, financial statements and analysis of a business entity. Managerial accounting emphasizes strategic planning, budgeting, cost-volume-profit analysis, and decision-making in a competitive environment. This course is primarily intended for non-Commerce & Business Administration program students who work (or plan to work) as owners, managers, consultants, or project leaders in either the profit or not-for-profit sectors.

Course content
  1. Overview of financial reporting, analyze and calculate adjustments and their effects on financial statements
  2. Revenue recognition and financial statement preparation        
  3. Cash, short-term investments, inventory and receivables
  4. Property, Plant and Equipment, Intangible Assets and Goodwill
  5. Current and long-term liabilities, including Time Value of Money
  6. Corporate accounting
  7. Cash budget
  8. Financial statement analysis
  9. Managerial accounting in the information age
  10. Cost-volume-profit analysis
  11. Use of cost information in management decision-making
  12. Budgeting and variance analysis
  13. Capital budgeting
  14. Decentralization and performance evaluation
Learning activities

Lectures, demonstrations of material, and discussions will be used, together with any appropriate technology available which may be of assistance to students.

Means of assessment

Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy.

Assignment(s)/Quizzes/Tests/Cases

 

30% 

Midterm(s)

 

 35-50%

Final Examination

 

 20-35%
    100%

Midterm(s) and Final Examinations must make up 70% of a student's final grade. No single assessment shall exceed 35% of a student’s final grade.

STUDENTS MUST WRITE BOTH THE MIDTERM(S) AND THE FINAL EXAMINATION TO OBTAIN CREDIT FOR THE COURSE. 

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

Upon successful completion of the course, students will be able to: 

  1. account for the various classifications of assets and liabilities of a business;
  2. calculate adjustments, determine the effects of adjustments and prepare financial statements, using generally accepted accounting principles;
  3. analyze financial information to determine the financial health of the organization;
  4. understand the difference between cash flows and accounting profits (net income);
  5. develop budgets and understand the elements and strategy implications of a master budget;
  6. identify cost behaviour and its impact on the decision-making process;
  7. use capital budgeting techniques and evaluate and prioritize investments;
  8. understand and explain the importance of ethics and corporate social responsibility.
Textbook materials

Burnley; Financial Accounting, latest edition, Wiley

Jiambalvo, Managerial Accounting, latest edition, Wiley

or other textbook(s) approved by the Accounting Department, and instructor compiled materials (if applicable)

Faculty of Commerce and Business Administration approved calculator.

 

Requisites

Prerequisites

None

Corequisites

None

Equivalencies

Credit for ACCT 3008 is subject to the following 3 points:

(i) Students who receive credit for ACCT 3008 before successfully completing one or more of ACCT 1110, ACCT 1210, ACCT 1235, and ACCT 2320 will earn credit for ACCT 3008 and the other course(s) subsequently completed.

(ii) Students who have already received credit for ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 cannot take ACCT 3008 for further credit in any accounting programs.

(iii) Students who take ACCT 3008 in the same term as one or more of ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 will not be granted credit for ACCT 3008 in any accounting programs.

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.

(Current)

Course Transfers to Other Institutions

Below are current transfer agreements from Douglas College to other institutions for the current course guidelines only. For a full list of transfer details and archived courses, please see the BC Transfer Guide.

Institution Transfer details for ACCT 3008
Athabasca University (AU) AU ACCT 250 (3)
Coast Mountain College (CMTN) CMTN ACCT 150 (3) or CMTN ACCT 151 (3)
College of the Rockies (COTR) COTR ACCT 265 (3)
Kwantlen Polytechnic University (KPU) KPU ACCT 1XXX (3)
Northern Lights College (NLC) NLC MGMT 220 (4)
Simon Fraser University (SFU) SFU BUS 2XX (3)
Thompson Rivers University (TRU) TRU ACCT 1000 (3)
University Canada West (UCW) UCW ACCT 301 (3)
University of British Columbia - Vancouver (UBCV) UBCV COMM_V 2nd (3)
University of Northern BC (UNBC) UNBC COMM 211 (3)
University of the Fraser Valley (UFV) UFV BUS 339 (3)
University of Victoria (UVIC) UVIC COM 2XX (1.5)

Course Offerings

Fall 2025

CRN Days Instructor Status
Maximum seats
35
Currently enrolled
19
Remaining seats:
16
On waitlist
0
Building
New Westminster - North Bldg.
Room
N4312
Times:
Start Time
12:30
-
End Time
15:20
Section notes

Credit for ACCT 3008 is subject to the following 3 points: (i) Students who receive credit for ACCT 3008 before successfully completing one or more of ACCT 1110, ACCT 1210, ACCT 1235, and ACCT 2320 will earn credit for ACCT 3008 and the other course(s) subsequently completed. (ii) Students who have already received credit for ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 cannot take ACCT 3008 for further credit in any accounting programs. (iii) Students who take ACCT 3008 in the same term as one or more of ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 will not be granted credit for ACCT 3008 in any accounting programs.

CRN Days Instructor Status
Maximum seats
35
Currently enrolled
25
Remaining seats:
10
On waitlist
0
Building
New Westminster - North Bldg.
Room
N4360
Times:
Start Time
18:30
-
End Time
21:20
Section notes

Credit for ACCT 3008 is subject to the following 3 points: (i) Students who receive credit for ACCT 3008 before successfully completing one or more of ACCT 1110, ACCT 1210, ACCT 1235, and ACCT 2320 will earn credit for ACCT 3008 and the other course(s) subsequently completed. (ii) Students who have already received credit for ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 cannot take ACCT 3008 for further credit in any accounting programs. (iii) Students who take ACCT 3008 in the same term as one or more of ACCT 1110, ACCT 1210, ACCT 1235, or ACCT 2320 will not be granted credit for ACCT 3008 in any accounting programs.