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Accounting 254

Managerial Accounting

Prerequisites: 15 credits, English 099 and Accounting 251

Text: Managerial Accounting: Concepts for Planning, Control, Decision Making, 5th Canadian Edition, Garrison, Noreen, Chesley (2001)

Course Objectives:

An introductory course that shows students how managers use accounting and financial information to make decisions about the firm.  Topics include job order costing, process costing, activity based costing, cost-volume-profit analysis, and budgets.

Course Outline:

Week Chapter Title
Week 1 Chapter 1 Managerial Accounting and the Business Environment
Week 2 Chapter 2 Cost Terms, Concepts and Classifications
Week 3 Chapter 3 Systems Design:  Job Order Costing
Week 4 Chapter 4 Systems Design:  Process Costing
Week 5

Chapter 5

Mid-Term #1

Cost Behaviour:  Analysis and Use
Week 6 Chapter 6 Cost-Volume-Profit Relationships
Week 7 Chapter 7 Variable Costing:  A Tool for Management
Week 8 Chapter 8 Activity Based Costing:  A Tool to Aid Decision Making
Week 9

Chapter 9

Mid-Term #2

Profit Planning
Week 10 Chapter 10 Standard Costs and the Balanced Scorecard
Week 11 Chapter 11 Flexible Budgets and Overhead Analysis
Week 12 Chapter 12 Segment Reporting, Profitability Analysis and Decentralization
Week 13 Chapter 13 Relevant Costs for Decision Making
Week 14

Final Examination



Final grades will be determined according to the following:

Assignments 10%
Quizzes 15%
Mid-term examinations (2 @ 25% each) 50%
Final examination 25%


Edward (Ed) Wakulchik, CGA, M.Ed.