course outline BUSI294
COURSE INFORMATION
Term/period: Winter 2014-15 – Term 1
Instructor: Peter Norwood MBA CPA FCA, CPA FCMA
Email: peter.norwood@sauder.ubc.ca
Phone: 604-323-5847
Course duration: September 2nd – November 28th, 2014
Pre-requisites: BUSI 293 (may be taken concurrently). Prior to taking BUSI 294, students are expected to have acquired a basic understanding of financial statements (the income statement and balance sheet), particularly inventory transactions. Students should have or need to develop some proficiency in Excel.
COURSE DESCRIPTION
This course provides an introduction to the basic principles and techniques of managerial accounting, where the major intent is to provide information to internal decision-makers to maximize an organization’s operating efficiency and profitability. The course includes an introduction to alternative costing and reporting systems for service and manufacturing organizations, budgeting, variance analyses, performance evaluation, total quality management, and transfer pricing, plus analytical techniques including cost-volume-profit analysis and relevant costing and benefits.
COURSE GOALS
One goal of introductory management accounting is to simply introduce you to the role that management accounting information plays in the business environment. A second goal is to give you an understanding of various analytical techniques that support decision making in organizations. A third goal is to provide you with the opportunity to expand your pervasive skills in order to improve your decision-making and communication skills.
LEARNING OBJECTIVES
Upon the completion of BUSI 294, students will be able to:
1. Explain how management accounting data are essential to the process of rational operating and strategic decision making
2. Identify the five steps of decision making
3. Distinguish among corporate governance, professional codes of conduct and corporate social responsibility
4. Apply cost information to
Term/period: Winter 2014-15 – Term 1
Instructor: Peter Norwood MBA CPA FCA, CPA FCMA
Email: peter.norwood@sauder.ubc.ca
Phone: 604-323-5847
Course duration: September 2nd – November 28th, 2014
Pre-requisites: BUSI 293 (may be taken concurrently). Prior to taking BUSI 294, students are expected to have acquired a basic understanding of financial statements (the income statement and balance sheet), particularly inventory transactions. Students should have or need to develop some proficiency in Excel.
COURSE DESCRIPTION
This course provides an introduction to the basic principles and techniques of managerial accounting, where the major intent is to provide information to internal decision-makers to maximize an organization’s operating efficiency and profitability. The course includes an introduction to alternative costing and reporting systems for service and manufacturing organizations, budgeting, variance analyses, performance evaluation, total quality management, and transfer pricing, plus analytical techniques including cost-volume-profit analysis and relevant costing and benefits.
COURSE GOALS
One goal of introductory management accounting is to simply introduce you to the role that management accounting information plays in the business environment. A second goal is to give you an understanding of various analytical techniques that support decision making in organizations. A third goal is to provide you with the opportunity to expand your pervasive skills in order to improve your decision-making and communication skills.
LEARNING OBJECTIVES
Upon the completion of BUSI 294, students will be able to:
1. Explain how management accounting data are essential to the process of rational operating and strategic decision making
2. Identify the five steps of decision making
3. Distinguish among corporate governance, professional codes of conduct and corporate social responsibility
4. Apply cost information to