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BCIT

ACCG 6210 - Managerial Accounting - Comprehensive

Accounting Part-time Studies Course

School of Business

Course Details

The first of two managerial accounting courses taken after a foundation in fundamental financial accounting principles and concepts, this course emphasizes the role of the management accountant, cost concepts & terminology, cost-volume-profit analysis, job costing, activity-based accounting, budgeting and control, standard costs, variance analysis and income effects of alternative inventory costing methods, cost allocation, joint and by-product costs, and process costing. This course qualifies as a prerequisite for entrance into the Chartered Professional Accountant (CPA) Professional Education Program (PEP) when completed in conjunction with FMGT 7210 Advanced Management Accounting.

Prerequisite(s)

ACCG 5110 Financial Accounting or FMGT 1100/1105 Introductory Accounting I (with a final grade of 60% or greater) and FMGT 2100/2105 Introductory Accounting 2 (with a final grade of 60% or greater).

Credits

4.0

This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion of this course the student will be able to:

  • Identify the roles of the management accountant in the organization’s planning and control functions.
  • Prepare financial statements for a manufacturing organization.
  • Differentiate between a variety of terms used in cost and managerial accounting.
  • Distinguish between job-order, process costing and activity-based costing systems with regard to the methods of accumulating costs.
  • Develop predetermined manufacturing overhead rates for application to jobs and implement alternative methods of dealing with under or over-applied overhead.
  • Analyze the effects of changes in prices, volumes, and cost structures on organizational profitability and tconduct a sensitivity analysis of these relationships.
  • Prepare all the budgets and supporting schedules required in the preparation of a master budget including performance reports incorporating flexible budgets.
  • Apply the concepts of responsibility accounting to management evaluation and control.
  • Develop standard costs for direct materials, direct labour, variable, and fixed overhead, compute the appropriate variances and evaluate and the decision of whether or not to investigate a variance.
  • Evaluate the effects of alternative denominator activity levels in absorption costing.
  • Describe and implement alternative methods of disposing of variances at year end.
  • Develop cost functions using quantitative analysis techniques including high-low, regression and account analysis.
  • Assess “make or buy” decisions after determining the relevant costs.
  • Evaluate short term and long term pricing decisions using the cost plus approach and the market based approach as well as incorporating opportunity costs for one-time special orders.
  • Determine the costs of service departments to be added to production departments using the direct, step-down and reciprocal methods.

Effective as of Spring/Summer 2015

Related Programs

ACCG 6210 is offered as a part of the following programs:

School of Business

  1. Professional Accounting
    Part-time   Advanced Diploma

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