Course details
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.
Credits
4.0
Cost
$620.94 - $635.51 See individual course offerings below for actual costs.
Course offerings
Spring/Summer 2023
Below is one offering of FMGT 3224 for the Spring/Summer 2023 term.
CRN 65528
Duration
Tue Jun 06 - Tue Aug 08 (10 weeks)
- 10 weeks
- CRN 65528
- $620.94
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Jun 06 - Aug 08 | Tue | 18:15 - 22:15 | Burnaby SW01 Rm. 2016 |
Instructor
Tim Edwards
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$620.94
Status
Fall 2023
Below is one offering of FMGT 3224 for the Fall 2023 term.
CRN 45527
Duration
Thu Sep 07 - Thu Nov 30 (13 weeks)
- 13 weeks
- CRN 45527
- $635.51
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
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 |
Instructor
Tim Edwards
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$635.51
Status
Learning Outcomes
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
Related Programs
Managerial Accounting (OPMT) (FMGT 3224) is offered as a part of the following programs:
School of Business + Media
- Business Administration (General Option)
Diploma Part-time
- Business Administration (Global Studies Option)
Diploma Part-time
- Business Administration (Human Resources Option)
Diploma Part-time
- Business Administration (Management Option)
Diploma Part-time
- Business Administration (Marketing Option)
Diploma Part-time
- Business Operations Management
Diploma Full-time
- Computerized Accounting
Associate Certificate Part-time
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Programs and courses are subject to change without notice.