IAF841 - Management Accounting - Advanced

Outline info
Last revision date 2018-07-20 11:24:25.959
Last review date 2018-07-20 11:24:47.02

Subject Title
Management Accounting - Advanced

Subject Description
Continuing from the topics covered in Management Accounting - Intermediate, this course covers the design, use and implications of the planning and control systems used by management. Case studies are used extensively to help the student develop and apply his/her analytical and problem solving skills in "real life" scenarios. Through the use of case studies, students will begin to develop the required advisory skills to act as a professional accountant providing financial advice to clients and management.
Pre-requisite: IAF530

Credit Status
One credit towards the Bachelor of Commerce - International Accounting and Finance degree programs

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

1. Explain the concepts essential for the design of effective management accounting and control systems.
2.Describe the effect of transfer pricing, incentive programs and performance and responsibility center accounting on human behaviour.
3.Identify the critical elements of a quality management strategy and apply the appropriate quality measurement tools to a given situation.
4.Discuss the management control systems utilized within service organizations.
5.Identify cross-cultural factors that should be addressed in planning and control systems for a firm operating in a global market.

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 http://library.senecacollege.ca 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 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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

Management and Control
Results Control
Action, Personnel and Cultural Controls
Control System Tightness
Control System Costs
Designing and Evaluating Management Control Systems
Financial Responsibilities Centres
Planning and Budgeting
Incentive Systems
Financial Performance Measures and Their Effects
Remedies to the Myopia Problem
Using Financial Results Controls in the Presence of Uncontrollable Factors
Corporate Governance and Board of Directors

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: Management Control Systems:  Performace Measurement, Evaluation and Incentives,
AUTHOR: Vim Van Der Stede, Kenneth Merchant
EDITION: 3rd Edition
ISBN: 9780273737612 
Publisher:  Prentice Hall (FT Press)

Seneca Libraries. Guide to Research and Citation: MLA Style. Lastest Ed. Toronto: Seneca College.

Reference Material
Cost Accounting: A Managerial Emphasis. 6th Canadian Edition.  Horngren, Foster, Datar and Teall, Pearson Education / Prentice Hall Toronto 2013  ISBN# 978-0133389401

  • Related topics in the news may be assigned during the term

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 (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Modes of Evaluation

Case Studies, Assignments (individual and group) 30%
Mid-Term Tests 30%
Comprehensive Examination 40%
TOTAL 100%

Missed test or assignments are recorded as zero marks, except in case of sickness or serious family matters. There are no make-up tests.

Late Assignments and Tests


1. Test and exam dates have been pre-arranged and are non-negotiable.
2. Tests or exams missed for any reason, other than illness, will result in a zero grade. In the case of illness, a validated doctor’s certificate must be presented within one week of returning to the college.
3. On any test or exam, up to 10 % of the marks on that test or exam may be deducted for poorly presented work, misspelled words and poor usage of  language.

Late Assignments

All assignments are due at the beginning of class on the date for submission.  Any extensions must be negotiated in advance.  Assignments are considered one day late at the conclusion of the class date submission day and 10% will be deducted for every day thereafter until  the late mark accumulated total reaches 20 at which time it will be listed as non-submitted and receive a zero grade.

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. Strive to be clear and concise. Ensure your written work is consistent with the rules of English grammar, especially in sentence structure, spelling, and punctuation. Always spell-check, edit, and proof-read your work. 

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 http://library.senecacollege.ca 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 http://seneca.libguides.com/content.php?pid=51134&hs=a 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 http://seneca.libguides.com/mla, 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: http://seneca.libguides.com/academichonesty.

Program Coordinator
Cynthia Duncan

Approved by: Academic Program Manager - Business Studies Danielle Mercier