BAB240 - Management Accounting

Outline info
Last revision date 2017-11-20 15:22:13.358
Last review date 2017-11-20 15:22:15.266

Subject Title
Management Accounting

Subject Description
In this course, students examine the fundamental concepts of management accounting including cost control, planning, decision making and performance evaluation utilized by users internal to the corporate organization. Specific items include standard costing, variance analysis, cost behaviours, budgeting, and break even analysis, make or buy decisions, return on investment and discounted cash flow for capital budgeting. The introduction of management accounting is applied to the analysis, interpretation and application to business including human resource decision making.

Credit Status
One credit

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

1. Differentiate between and integrate information for external and internal users.
2. Describe cost behaviours and the impact of variables on it.
3. Describe various cost systems.
4. Analyze specific business decisions and use appropriate accounting data to develop recommendations.
5. Construct and complete master and flexible budgets.
6. Prepare a capital budget for project(s), using a variety of evaluation methods.
7. Conduct a cost-volume profit, analysis and produce an appropriate report.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

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

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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

  • Terms and behavours
  • Fixed and variable costs
  • Period and products costs
  • High-low calculations
  • Cost-volume profit analysis
  • Standard costing
  • Opportunity differential costs
  • Absorption Costing


  • Master
  • Operating 
  • Cash
  • Capital 
  • Make or buy
  • Close or open new department or product lines
  • Special  orders

1 Role of Management
Cost Concepts & Cost Allocations
2 Role of Management
Cost Concepts & Cost Allocations
3 Costing Systems - Job order
4 Costing Systems - Process
5 Activity Based Costing
6 Cost Volume Profit
7 - Mid-Term
8 Short Run Decision Making
9 Absorption Costing
10 Budgeting - Master Budget
11 Budgeting - Master Budget
12 Standard Cost
13 Capital Budgeting
14 Final Exams week

Mode of Instruction


A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
TITLE: Managerial Accounting
EDITION: 4th  Canadian Edition Binder ready with WileyPLUS 
AUTHOR: Weygandt
ISBN:  9781118856994

Reference Material
Seneca Libraries. Guide to Research and Citation: MLA Style. latest Edition. Toronto: Seneca College

Required Supplies
Financial calculator

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online ( or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:


Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:


Mid-Term 30%
Topic Tests, Cases, Assignments 35%
Final Exam 35%

For applied degree programs, the minimum requirement for promotion and graduation is an average of  C+ (2.5) in subjects in the main field of study (professional subjects), and an average of C (2.0) in all other subjects.

Language Across the Curriculum Rubric

Clear   Confusing  
Good Detail   Lacks Detail  
Easy to Follow   Difficult to Follow  
Answers Question   Evades Question  

Seneca College Library Resources

Be sure to begin all your research, assignment support and career preparation at the Seneca College libraries website where you will find information about our services and collections including, print and e-books, databases that will lead you to thousands of articles in magazines, newspapers, journals, encyclopedias, carefully selected websites, how-to tutorials, streamed videos and much more.

Accounting & Financial Services Subject Guide

Go to for an online customized guide for accounting and financial services students that meets specific program needs – you will find library resources, websites, industry associations and organizations, a business glossary, career sites for accounting and financial services students and more.


For rules on citing your sources, consult Seneca Libraries' online MLA Citation Guide at, or purchase a print copy of the Guide to Research & Citation: MLA Style in the Seneca Bookstore.
Ensure that you do not commit plagiarism. Information on academic honesty, including the Academic Honesty and Plagiarism tutorial is available through the library at:

Please retain this course outline document for future educational and/or employment use.

Program Coordinator
Cynthia Duncan

Approved by: Academic Program Manager - Business Studies Danielle Mercier