Curriculum Guideline

Introductory Managerial Accounting

Effective Date:
Course Code
ACCT 2320
Introductory Managerial Accounting
Commerce & Business Administration
Start Date
End Term
Not Specified
Semester Length
15 Weeks X 4 Hrs. per week = 60 Hrs
Max Class Size
Contact Hours
Lecture: 4 Hrs
Method Of Instruction
Methods Of Instruction

Lectures and/or on-line 

Course Description
This course introduces the student to cost and managerial accounting with an emphasis on decision making relating to pricing, product-mix, process and activity. Topics include: management accounting and strategy; types of costs and cost behaviour; job costing; process costing; activity- based costing; responsibility accounting; budgeting; variance analysis; cost-volume-profit analysis; decision making and relevant information; transfer pricing; customer profitability analysis; balanced scorecard, and competitive management methods.
Course Content
  1. The Changing Role of Managerial Accounting
  2. Basic Cost Management Concepts
  3. Product Costing and Cost Accumulation
  4. Process Costing and Hybrid Product-Costing Systems
  5. Activity-Based Costing
  6. Activity Analysis, Cost Behaviour, and Cost Estimation
  7. Cost-Volume-Profit Analysis
  8. Absorption and Variable Costing
  9. Profit Planning and Activity-Based Budgeting
  10. Standard Costing,  Flexible Budgeting and Variances
  11. Cost Management Tools
  12. Responsibility Accounting, Investment Centres, and Transfer Pricing
  13. Decision Making Relevant Costs and Benefits
Learning Outcomes

At the end of the course, the successful student should be able to attain the following learning outcomes:

  1. Understand the factors that affect the design of management control systems
  2. Allocate and evaluate product or service costs of an enterprise applying various costing systems
  3. Examine the impact of product costing on pricing decisions
  4. Identify various ways costs are classified and determined; and how information needs and constraints  affect the decision making process
  5. Develop a master budget system, and understand the elements of control and related behavioural implications
  6. Understand and explain the importance of professional ethics, corporate social responsibility, and corporate governance as factors in the long-term success of organizations
Means of Assessment


Assignments and/or Tests and/or Case Analysis  25%
Midterm Examination   35%
Comprehensive Final Examination  


Students must write both the midterm examination and the final examination to obtain credit for the course.

To pass this course, students must obtain a minimum of 50% on invigilated assessments, with the 50% calculated on a weighted average basis.


Invigilated assessments include, in-class quizzes, in-class tests, midterm exam(s) and the final exam.


Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Textbook Materials

Textbooks and Materials to be Purchased by Students:

Textbook: Managerial Accounting 4th Canadian Edition. Wiley. By: Weygandt, Kimmel, Kieso and Aly, and/or other textbook(s) and materials approved by the Accounting department

Faculty of Commerce and Business Administration approved calculators.



(ACCT 1110 with a grade of C or better OR ACCT 1235 with a grade of C or better)


Courses listed here must be completed either prior to or simultaneously with this course:

  • No corequisite courses

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses
Which Prerequisite