SIB500 - Managerial Accounting

Outline information
Semester
Schools offering this subject
Last revision date Sep 10, 2020 3:58:37 PM
Last review date Sep 10, 2020 3:58:37 PM

Subject Title
Managerial Accounting

Subject Description
The central focus of this subject is the preparation and use of accounting information to facilitate the decision making necessary to plan, direct and control the operations of a particular enterprise. The course utilizes the SAP enterprise resource planning  (ERP) system to provide students with practical hands-on experience using integrated business technology to enhance managerial effectiveness and achieve strategic objectives. The subject is delivered in the context appropriate for non-accounting students.

Credit Status
One diploma level credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Describe the various types of costs, their behaviour, operating leverage, and demonstrate the use of contribution margin analysis.
  2. Demonstrate the use of cost/volume/profit analysis when considering a variety a business decision alternatives.
  3. Identify and use activity cost centres and related cost drivers in an activity-based cost system.
  4. Discuss the objectives and procedures of the budgetary process and prepare various budgetary reports with special emphasis upon cash flow.
  5. Distinguish between flexible and static budgets and their effect upon performance evaluation, and accountability.
  6. Identify the characteristics of relevant information and perform analyses relating to special business decisions.
  7. Describe and demonstrate the use of Responsibility Accounting, decentralization, and the differences in cost, profit and investment centres.
  8. Demonstrate the ability to use SAP ERP system to present and analyze financial information.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Execute mathematical operations accurately.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.