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Accounting 254

Managerial Accounting

Credits: 3

Length of Course: 14 weeks

Classroom Hours per Week: 4

Prerequisites: English 099, Accounting 251, and 12 credits

Text: Managerial Accounting: Concepts for Planning, Control, Decision Making, 9th Canadian Edition, Garrison et al.

Course Description:

Students will learn how managers use accounting and financial information in the decision making process. Topics include job-order, process and activity-based costing, cost behaviour, cost-volume-profit analysis, variable costing, budgeting, standard costs and operating performance measures, flexible budgets and overhead analysis, segment reporting, relevant costs, and capital budgeting.

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



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


Thomas Leung, BBA (Hong Kong Baptist), MBA (Hull), CPA, CGA, FCA (England and Wales), CPA (Hong Kong)

Transferability: see