Management Accounting 1 ACCT-222

Course Code ACCT-222
Course Name Management Accounting 1
Category Accounting
Description In Management Accounting 1, you will examine managerial accounting topics related to cost concepts and the cost of goods manufactured schedule.

Through lectures and class discussions that focus on problem solving, you will learn about job order costing, process costing, activity based costing, master budgets, flexible budgets and variance analysis. Quizzes, online assignments, a mid-term and a final exam will test your competency of Management Accounting 1 topics.

As a student of this course, you will gain the ability to:

•Identify the role of the management accountant in an organization, and the major purposes of management accounting systems;
•Apply the basic cost concepts in the preparation of the schedule of cost of goods manufactured;
•Identify the key characteristics of each costing system, including supporting documentation;
•Prepare a job order costing sheet, including the application of manufacturing overhead;
•Determine under and/or over applied manufacturing overhead, including disposition;
•Prepare a process costing production report under the average and FIFO methods;
•Prepare master and flexible budgets;
•Explain standard costing, including responsibility accounting, variance analysis and management control.
Notes Required course for CIB
Elective course for the following outside certifications: CPA, PMAC
Contact Telephone 416-289-5207
Contact E-mail ce@centennialcollege.ca
Associated Certificates
Register Online https://secure.centennialcollege.ca/webreg
Section Cost Semester Start Date End Date Meeting Times Campus
415 $408.19 Fall 2017 2017-09-12 2017-12-19
Times Days
No times defined -
Distance Online
801 $329.19 Fall 2017 2017-09-13 2017-12-13
Times Days
06:30 PM to 09:30 PM W
Progress Campus
411 $337.19 Fall 2017 2017-10-02 2018-03-30
Times Days
No times defined -
Distance Correspondence
425 $408.19 Winter 2018 2018-01-16 2018-04-24
Times Days
No times defined -
Distance Online
821 $329.19 Winter 2018 2018-01-18 2018-04-19
Times Days
06:30 PM to 09:30 PM R
Progress Campus
420 $337.19 Winter 2018 2018-02-01 2018-07-31
Times Days
No times defined -
Distance Correspondence
435 $408.19 Summer 2018 2018-05-15 2018-08-21
Times Days
No times defined -
Distance Online
841 $329.19 Summer 2018 2018-05-16 2018-08-15
Times Days
06:30 PM to 09:30 PM W
Progress Campus
432 $337.19 Summer 2018 2018-06-01 2018-11-30
Times Days
No times defined -
Distance Correspondence
Legend for Days
M - Monday T - Tuesday W - Wednesday R - Thursday F - Friday S - Saturday U - Sunday
TBA - To Be Announced