- International Fees
International fees are typically three times the amount of domestic fees. The exact cost will be displayed prior to confirming registration.
Designed to give non-accounting majors an appreciation of the uses and limitations of cost and managerial accounting in the decision-making processes of an organization. Emphasis will be placed on identifying the relevance of this discipline to other functional areas: capital budgeting, production planning, cost minimization, contribution maximization, pricing and marketing policies. Concepts will be related to both manufacturing and knowledge-based, service business environments. Students will study a variety of analytical techniques that can be applied to financial and operational data to support management decisions.
Below is one offering of FMGT 3224 for the Fall 2023 term.
Thu Sep 07 - Thu Nov 30 (13 weeks)
- 13 weeks
- CRN 45527
Class meeting times
|Sep 07 - Oct 05||Thu||18:15 - 21:30||Online|
|Oct 12||Thu||18:15 - 21:30||Burnaby SE06 Rm. 206|
|Oct 19 - Nov 23||Thu||18:15 - 21:30||Online|
|Nov 30||Thu||18:15 - 21:30||Burnaby SE06 Rm. 206|
This course offering is in progress. Please check back next term or subscribe to receive email updates.
Upon successful completion, the student will be able to:
- Describe why the manager needs management accounting information.
- Identify and give examples of cost types and classifications according to differing management needs.
- Prepare a cost of goods manufactured and cost of goods schedule.
- Analyze a mixed cost, using the least-squares method.
- Calculate the effect of a change in activity on both total and unit costs.
- Prepare an income statement using the contribution margin approach.
- Distinguish between process costing and job order costing, and identify companies that would use each method.
- Compute and apply predetermined overhead rates.
- Use a job-order costing system.
- Explain the major differences between activity based costing and a traditional costing system.
- Prepare all the components of a Master Budget (with emphasis on the Cash Budget).
- Compute variances from standard cost and explain their significance.
- Prepare performance reports incorporating flexible budgets.
- Compute and evaluate relevant performance measures for controlling decentralized operations.
- Compute the breakeven point and use CVP formulae to determine the activity level needed to achieve a desired net profit figure.
- Prepare analysis and make recommendations in several typical business decision scenarios where relevant costs are at issue: whether to keep or replace old equipment, whether a product line or other organizational segment should be dropped or retained, whether a business should make-or-buy its products or components, whether a special order should be accepted, and what is the most profitable use of a constrained resource.
- Determine the acceptability of an investment project using the net present value method, and other evaluation models commonly used to assess outlays on long-term projects.
Effective as of Fall 2015
Managerial Accounting (OPMT) (FMGT 3224) is offered as a part of the following programs:
School of Business + Media
- Business Administration (General Option)
- Business Administration (Global Studies Option)
- Business Administration (Human Resources Option)
- Business Administration (Management Option)
- Business Administration (Marketing Option)
- Business Operations Management
- Computerized Accounting
Associate Certificate Part-time
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Programs and courses are subject to change without notice.