COURSE OUTLINE. APPROVED BY: Chair/Dean

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1 COURSE OUTLINE SCHOOL: DEPARTMENT: PROGRAM: COURSE TITLE: School of Business Business and Management Human Resources Management Post-Diploma Management Accounting for Human Resources COURSE CODE: HRPD TOTAL COURSE HOURS: 60 PRE-REQUISITES/CO- REQUISITES: COURSE ELIGIBILITY FOR PRIOR LEARNING ASSESSMENT AND RECOGNITION (PLAR): None Yes ORIGINATED BY: Jim McVittie DATE: FALL 2008 APPROVED BY: Chair/Dean Students should keep all course outlines for each course taken at Centennial College. These may be used to apply for transfer of credit to other educational institutions. A fee may be charged for additional or replacement copies.

2 Course Title: Management Accounting for CENTENNIAL COLLEGE Course Code: HRPD-403 Human Resources COURSE DESCRIPTION: Accounting and finance, the financial information system of the organization, serve to summarize organizational plans and the results of actual operations. Because these are so pervasive in the organization, it is necessary for Human Resources managers to understand the measurement bases and the underlying methodologies that are used. Many of the decisions faced by the HR manager have an accounting or financial aspect. This may require detailed knowledge of the procedure. This would be the case, for example, where the HR manager is required to prepare an operating budget for his/ her area of responsibility. Alternatively, it may require a familiarity, without necessarily requiring the ability to perform the calculations as such. This would be the case where the HR manager is required to interpret, or react, to, standard costing variances in respect to their area of responsibility, or the effect of their decisions on the overall results of the organization. COURSE LEARNING OUTCOMES: 1. Demonstrate an understanding of the nature of financial accounting, management accounting and finance, how they relate to the rest of the organization. 2. Demonstrate an understanding of the conceptual foundations of financial accounting, management accounting and finance, and familiarity with the principal reports they produce with particular emphasis on reports likely to be used by HR managers. 3. Demonstrate the ability to execute detailed calculations (with particular emphasis on applications in the human resources area) in the following areas: a. The interpretation of the income statement, the balance sheet and the statement of cash flows; b. The calculation and interpretation of financial ratios; c. The calculation and interpretation of contribution margin and break-even analysis d. The preparation of operating budgets; e. The calculation of net present value, payback and return on assets for investment proposals. ESSENTIAL EMPLOYABILITY SKILLS (EES); This course supports the students ability to: communicate clearly, concisely and correctly in the written, spoken, and visual form that fulfills the purpose and meets the needs of the audience. respond to written, spoken, or visual messages in a manner that ensures effective communication. execute mathematical operations accurately. apply a systematic approach to solve problems. use a variety of thinking skills to anticipate and solve problems. locate, select, organize, and document information using appropriate technology and information systems. analyze, evaluate, and apply relevant information from a variety of sources. show respect for the diverse opinions, values, belief systems, and contributions of others. interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals. manage the use of time and other resources to complete projects. take responsibility for one s own actions, decisions, and consequences Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

3 Course Title: Management Accounting for CENTENNIAL COLLEGE Course Code: HRPD-403 Human Resources PRIOR LEARNING ASSESSMENT & RECOGNITION PROCESS (ES): The PLA process may involve any or all of the following assessment tools: 1. Interview 2. Comprehensive examination 3. Case study and presentation 4. Portfolio EVALUATION & GRADING SYSTEM: The criteria used to determine whether a student has achieved a passing grade in this course is as follows: An overall mark of 50% based on the following grading scheme Mid-term Test 15% Final Test (comprehensive) 30% Term Work* 55% Total 100% * Term work is to be completed on an individual or group basis as assigned and may consist of any or all of the following: quizzes, assignments, presentations, case studies, games, simulations/ experiential exercises, etc. Evaluative instruments worth 40% of the final grade must be administered, graded and returned to students before the date for withdrawal without academic penalty. Each instructor will distribute a detailed schedule of term assignments and related due dates. Final examinations should be retained for one year by the College; however, it is college policy to make final examination papers available to students for review on request. STUDENT ACCOMMODATION: All students have the right to study in an environment that is free from discrimination and/or harassment. It is College policy to provide accommodation based on grounds defined in the Ontario Human Rights Code. Accommodation may include changes or modifications to standard practices. Students with disabilities who require academic accommodations must register with the Centre for Student with Disabilities. Please see the Centre for Students with Disabilities for details. Students requiring accommodation based on human rights grounds should talk with their professors as early as possible. Details are available on the Centennial College website ( ) If students are unable to write an examination due to a medical problem or unforeseen family problems, they should immediately contact their professor or program Chair for advice. In exceptional and well-documented circumstances (e.g. unexpected family problems, serious illness, or death of a close family member), students should be able to write a make-up examination to replace an examination missed. Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

4 TEXT AND OTHER INSTRUCTIONAL/LEARNING MATERIALS: Management Accounting, Fifth Canadian Edition, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Howard D. Teall, George A. Gekas. Prentice Hall. ISBN: Other materials to be provided by the instructor. USE OF DICTIONARIES: Students are permitted to use a bilingual paper dictionary during tests and exams. The invigilator reserves the right to examine the dictionary for any supplemental notations. There is to be no use of electronic devices including dictionaries. Probationary Policy: Please contact your academic department for details.

5 Course Title: Management Accounting for Human Resources Centennial College Course Code: HRPD-403 WEEK TOPIC/CONTENT READINGS LEARNING OUTCOMES INSTRUCTIONAL STRATEGIES USED 1 Introduction Chapters 1, 15 Describe the purpose and objectives of financial and management accounting Describe the main concepts, techniques and conventions of financial accounting 2 The main financial accounting reports Chapter 15, including Appendix B Describe the principle elements of financial statements: Explain the interrelationships Analyze the main financial accounting reports: The balance sheet The income statement The cash flow statement The statement of retained earnings Analyze common business transactions to determine their effects on the principal elements of financial statements. COURSE EVALUATIONS (TESTS & ASSIGNMENTS USED) 3 Analyzing financial Statements Chapter 15, including Appendix B Analyze financial statements using the following: Liquidity ratios Profitability ratios Stability ratios Growth ratios Cash flow analysis 4 Introduction to basic cost accounting concepts Chapter 2 Explain the following cost accounting concepts: Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

6 WEEK TOPIC/CONTENT READINGS LEARNING OUTCOMES INSTRUCTIONAL STRATEGIES USED Fixed costs Variable costs Cost volume relationships (The purpose of this section is to introduce basic cost accounting concepts so that students are able to discuss the role of costs in budgets and contribution margin) COURSE EVALUATIONS (TESTS & ASSIGNMENTS USED) 5 Introduction to the Budgetary Process 6 The Master Budget Chapter 11, Excluding the Appendix Case study and Review Explain the following: The features and advantages of budgets Operating and Financial budgets The preparation of Cash budgets Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar) 7 Mid-term Test 15% 8 Budgets and Budgetary Chapters, 12, Explain the following: Control Static vs. flexible budgets Cost variances (materials, labour, overhead) Revenue variances The use of variances in decision making Management control systems Motivation and control Non-financial performance measures The balanced scorecard

7 WEEK TOPIC/CONTENT READINGS LEARNING OUTCOMES INSTRUCTIONAL STRATEGIES USED Cost centers and profit centers Transfer pricing Measuring responsibility center performance COURSE EVALUATIONS (TESTS & ASSIGNMENTS USED) 9 HR applications Develop budgets and controls for specific HR activities 10 Cost behaviour and costvolume relationships Chapters 2, 3 Describe the typical management decision making process Explain the role of accurate and relevant cost information in management decision making Explain the following: Cost drivers Variable costs Fixed Costs Cost Estimation Contribution Margin Break-even Point Cost-Volume-Profit (CVP) Analyzing changes Sensitivity analysis Limitations of CVP Activity based accounting 11/12 Cost systems Chapter 4 Explain the following: Classification of costs Activity based costing Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

8 WEEK TOPIC/CONTENT READINGS LEARNING OUTCOMES INSTRUCTIONAL STRATEGIES USED Cost management systems Value added costs Just-in-time (JIT) systems Product costing The balance sheet The income statement Absorption costing Variable costing Cost allocation Service department costs COURSE EVALUATIONS (TESTS & ASSIGNMENTS USED) 13 Introduction to using cost information in decision making Chapters 8, 9 Distinguish between relevant and irrelevant information for decision making purposes Discuss the importance of relevance in cost information relative to cost accuracy Describe the relationships among the main elements of the decision making process Describe how to use cost information to: Decide whether to accept or reject a special sales order Determine costs and appropriate pricing Make make or buy decisions Conduct cost-benefit analysis 14 Cost Information and Decision Making: Human Resources Provided by Instructor Describe the main features of Human Resources accounting Describe how to use cost information to: Evaluate HR strategies, functions and programs Assess restructuring decisions, the use of case analysis Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

9 WEEK TOPIC/CONTENT READINGS LEARNING OUTCOMES INSTRUCTIONAL STRATEGIES USED contingent works and outsourcing Evaluate outsourcing of HR functions Determine the effectiveness of Human Resources Management Systems Evaluate E-Training Initiatives COURSE EVALUATIONS (TESTS & ASSIGNMENTS USED) Cost Information and Decision Making: Collective Bargaining Cost Information and Decision Making: Capital Budgeting and Resource Allocation Provided by instructor Chapter 10; provided by instructor Describe how to use cost information to: Determine the cost of collective bargaining proposals, including direct and roll-up costs Describe the purpose of the capital budgeting process Identify the main approaches to capital budgeting and summarize their relative advantages and disadvantages Describe how capital budgeting can be used to make decisions about investments in Human Resources Infrastructure such as HRM Systems and E-Training 15 Final Exam (comprehensive) 30% Issued & Revised by COLT: June 2007 THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

10 POLICY STATEMENTS College Policies The following statements are selected from Centennial College policies approved by the Board of Governors. Student Responsibilities Students are expected to know the contents of the course outline and to discuss with the professor any areas where clarification is required. Students should keep all course outlines for each course taken at Centennial College. These may be used to apply for transfer of credit to other educational institutions. A fee may be charged for additional or replacement copies. Other Policies Students should familiarize themselves with all College Policies that cover students rights, responsibilities, and the Academic Appeal process. For further information, consult the Academic Matters Section in the full-time and continuing education calendars. The Academic Appeal Application form is available from any Enrolment Services (Registrar) Office. Proof of Student Status Students are obliged to produce official photo identification at any time during the semester when requested to do so by any professor. (The official piece is the Centennial Student Card.) Continuing Education students do not have Centennial Student Cards, and so they may use other forms of photo identification, such as a driver s license, health card, or other governmentissued photo identification. Final Examinations When writing a test or examination, students must put their official photo-id cards in full view, for review by the invigilator. Students who do not have official photo-id will be permitted to write the examination with a substitute photo-id, but they will be required to produce photo-id at the program or department office within 24 hours or the next business day following the examination, or else the examination results will be void. Faculty Consultation Professors are available to see students outside of class time. Students can contact professors via voice mail, , or through their program or department office. Information regarding how to contact teachers will be provided at the beginning of the course and is also available in the program or department office. Human Rights Statement It is the policy of the College that all programs will strive for a learning, teaching, and working environment that promotes inclusion, understanding and respect for all students and employees, consistent with the Ontario Human Rights Code and the Centennial College's Statement of Diversity.