Lecture: 4 Hours
Lecture/Seminar: 2 hours lecture and 2 hours seminar
Lectures, demonstration, and discussion combined with written and computerized exercises in problem-solving activities. In addition, students will be required to use a team approach in the oral presentation of solutions to discussion questions and case analyses.
- Strategy, balanced scorecard, and strategic profitability analysis
- Cost allocation methods and their effects on performance evaluation and decision making
- Variable, absorption costing, and throughput costing methods including the effects of denominator activity on inventory valuation
- Accounting applications for various costing systems
- Process costing: fifo and weighted average methods
- The calculation, accounting, and analysis, of cost and revenue variances, including mix variances
- Cost management: quality, time, and theory of constraints
- Inventory and supply chain management including EOQ, JIT, and backflush costing
- Performance measurement, compensation, and multinational considerations
- Quantitative analysis of cost functions
- Accounting for spoilage, rework, and scrap
At the end of the course, the successful student should be able to:
- Demonstrate the use of alternative systems and techniques to furnish management information in more complex operational settings;
- Develop, analyze and use appropriate data for management decision-making and control purposes given a variety of business operating scenarios;
- Apply case analysis to business situations involving higher level decision making and information requirements;
- Demonstrate the ability to work cooperatively in a group setting.
|Assignments and/or tests and case(s)||30%|
|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 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.
Textbooks and Materials to be Purchased by Students
Datar et al, Horngren's Cost Accounting: A Managerial Emphasis, latest edition. Pearson Education; or, other text(s) as approved by the ACCT Dept.
Instructor compiled materials (if applicable).
On-line cases to be purchased by student (if applicable), to be determined by instructor.
Only Faculty of Commerce and Business Administration approved calculators may be used for tests and examinations
(ACCT 2320 with a minimum grade of C)
OR currently active in:
OR currently active in one of the following:
PBD Accounting & Finance
PBD in Comp Studies & Info Systems
PDD Accounting Studies
PDD Data Analytics
PDD Emerging Technology
PDD Financial Analysis
PDD Financial Planning
Courses listed here must be completed either prior to or simultaneously with this course:
- No corequisite courses
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses