Explore the fundamental concepts and techniques of management accounting with an emphasis on strategic planning, budgeting, cost-volume-profit analysis and decision-making in a competitive environment. You will learn how background theories and concepts apply to the decision-making process, compare and apply different costing methods to implement the best pricing strategy, and prepare a flexible budget that guides operational decisions. Topics include: cost behaviour, transfer pricing, traditional costing techniques, activity-based costing, cost and overhead analysis, planning and control, balance scorecard, reporting, budgeting and competitive management methods.
MGMT355
Management Accounting
Prerequisite(s):
Course schedule: Classes run online from 6 p.m. to 9:30 p.m. Pacific Time.
What will I learn?
By the end of this course, you will be able to:
- Identify how managerial accounting helps managers direct and control an organization’s operations
- Analyze cost behaviours to direct strategic operational decisions
- Perform cost-volume-profit analysis and break-even analysis to guide key business decisions
- Apply a variety of costing systems to efficiently estimate cost for profitability analysis, inventory valuation and cost control
- Develop a master budget focused on the elements of control and strategy implications
- Create an analysis report to address commonly encountered short-term and long-term investment decisions
How will I learn?
This university-level course may consist of a combination of lectures, workshops, case studies, examinations, projects, papers, assignments, and group presentations. It requires study and preparation outside of class times. You can expect reading and other assignments on a weekly basis.
How will I be evaluated?
We'll evaluate your performance in this course using a combination of assignments, exams, individual or group projects, participation and attendance.
Textbooks and learning materials
Course fees do not include textbooks or other materials. We recommend you purchase your textbooks as soon as you've registered.
Garrison, Libby, Webb. Managerial Accounting (12th Edition). McGraw-Hill Ryerson Limited, 2021. ISBN: 9781260193275. An ebook is available through the publisher McGraw-Hill.
Connect Access for Garrison, Libby, Webb. Managerial Accounting (12th Edition). ISBN: 9781260881127. Access is required for this course and can be purchased through McGraw-Hill.
Hardware and software requirements
You will need a computer that is connected to the internet so that you can access Canvas, our online course management system. You can check if your browser is compatible with Canvas by accessing Canvas guides here. We recommend you use Google Chrome or Firefox.
Also, you will need to enable your computer’s audio and microphone to participate in live sessions offered via videoconference.
You can find more information on our About Online Learning page.
Professional development credits
This course may meet the requirements for the following designations:
