Course Description

Develop knowledge and skills to complete analysis and make decisions based on financial and operational information in an organization.

Vocational Learning Outcomes

This course provides the opportunity for you to achieve the following outcomes:

364 - Business Admin - Accounting

VLO 3 Contribute to strategic decision-making by applying advanced management accounting concepts. (T, A)
VLO 8 Contribute to strategic decision-making by applying advanced financial management concepts. (T, A)
Assessment Levels —T: Taught A: Assessed R: Reinforced 

Essential Employability Skills

This course contributes to your program by helping you achieve the following Essential Employability Skills:

EES 1 Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfills the purpose and meets the needs of the audience. (A, R)
EES 3 Execute mathematical operations accurately. (A, R)
EES 4 Apply a systematic approach to solve problems. (T, A)
EES 7 Analyze, evaluate and apply relevant information from a variety of sources. (T, A)
Assessment Levels —T: Taught A: Assessed R: Reinforced 

Course Learning Outcomes / Elements of Performance

When you have earned credit for this course, you will have demonstrated the ability to:

1. Apply advanced analysis frameworks and techniques to improve understanding of financial results and future trends

  • Evaluate variances using an advanced framework
  • Disribute consolidated results into segment or product line reporting
  • Deconstruct historical trends by identifying the seasonality and trend components and calculate sensitivities on forecasted trends
  • Forecast a variety of possible scenarios from a common situation

2. Apply Linear Programming and Multiple Linear Regression to cases to determine optimal solutions and forecast future forecasts

  • Use the graphical approach to solve simple linear programming situations
  • Using Solver, solve for the optimal solution to problems with constrained resources.
  • Apply multiple linear regression to various sitiations, evaluating the model for fit, and each variable for its effectiveness.  Determine cost and revenue behaviours and use to improve forecasting

3. Evaluate results through the lens of Benchmarking, a Balanced Scorecard and the Cost of Quality

  • Construct a benchmarking questionaire to obtain the key results from an industry
  • Develop a Balanced Scorecard for a company
  • Analyse the Cost of Quality elements for an organization and complete a report

4. Apply the Theory of Constraints to production situations

  • Comprehend what the ultimate goal of ToC is
  • Apply the three ToC control measures to a production situation.
  • Apply the five steps of ToC to a production situation and recommend improvements

5. Apply various Inventory Management concepts to inventory decisions

  • Compute the Economic Order Quantity
  • Apply the concepts of safety stock and just-in-time inventory to practical cases.

6. Calculate recommended pricing decisions considering a variety of factors and through the lens of several costing methodologies, and recommend Insource / Outsource decisions

  • Analyze and recommend pricing solutions consdering a company's industry structure, its position in the product life cycle, product positioning, game theory and demand characteristics
  • Explore and apply various costing methodologies such as target, Kaizen and Product Life Cycle costing

Pre-defined Evaluation / Earning Credit

The following list provides evidence of this course's learning achievements and the outcomes they validate:

Assignment(s) (25%)

Validates Outcomes:  CLO 1, CLO 2, CLO 3, CLO 4, CLO 5, CLO 6, EES 1, EES 3, EES 4, EES 7

    364  :   VLO 3, VLO 8

Midterm Exam(s) (30%)

Validates Outcomes:  CLO 1, CLO 2, CLO 3, EES 1, EES 3, EES 4, EES 7

    364  :   VLO 3, VLO 8

Final Exam (45%)

Validates Outcomes:  CLO 1, CLO 2, CLO 3, CLO 4, CLO 5, CLO 6, EES 1, EES 3, EES 4, EES 7

    364  :   VLO 3, VLO 8

Experiential Learning

This course currently has no Experiential Learning

Learning Resources

Text Books:
Management Control  ACCT AC10037
Author:  Michael Elliott
ISBN:  Ebook 978 126 417 6649

The Goal:  A Process of Ongoing Improvement
Author:  Eliyahu Gordratt/Jeff Cox
ISBN:  978 088 427 1956




 

Delivery Format

This course will have one 2-hour class used for lectures, demonstrations, in-class assessments and case discusion and a 1-hour class that will be used for case discussion, project work, exam reviews and occasionally lecturing of new material or on-line.

Prior Learning Assessment and Recognition

Students who wish to apply for Prior Learning Assessment and Recognition (PLAR) need to demonstrate competency at a post-secondary level in all outlined course learning outcomes. Evidence of learning achievement for PLAR candidates includes:

  • Challenge Exam

Course Related Information

This course is designed around completion of 10 cases. Reading the case in advance in preparation for class discussion will be required and students who attend regularly will be in the best position to succeed. 
 

Program Information

College Related Information

Mohawk College is committed to creating a learning community where all students and staff experience a safe and respectful work and study environment. College policies and procedures respect individual rights and responsibilities, promote accountability, fairness and due process. Students are expected to familiarize themselves with Mohawk College's Policies and Procedures accessible through the College website https://www.mohawkcollege.ca/about-mohawk/leadership-and-administration/policies.


Mohawk College is committed to the implementation of Universal Design for Learning (UDL) in support of equity, inclusion and accessibility, as well as providing compliance elements for the Accessibility for Ontarians with Disabilities Act within the college community. Mohawk College courses will employ UDL principles and/or initiatives. For more information on the specific UDL elements included in this course, contact the educator. For more information review the UDL webpage at https://www.mohawkcollege.ca/centre-for-teaching-learning-innovation/teaching-effectively/universal-design-for-learning.


Students with permanent or temporary disabilities who require academic accommodations are encouraged to register with Accessible Learning Services (ALS). Documentation outlining the functional limitations of disability is required; however, interim accommodations pending receipt of appropriate documentation is possible. All documentation is kept confidential in the office of ALS. For more information review the ALS webpage at https://www.mohawkcollege.ca/accessible-learning-services, or contact ALS at als@mohawkcollege.ca or 905-575-2122. To learn more about UDL and accommodations review https://www.mohawkcollege.ca/accessible-learning-services/accommodations/accommodation-guides/communicating-use-of-accommodations-when-using-udl.


Students enrolled in Mohawk/McMaster collaborative programs are protected under McMaster University's policies and procedures outlined in General Academic Regulations, McMaster Undergraduate Calendar, and in McMaster's Academic Integrity Policy http://www.mcmaster.ca/academicintegrity/. Please be advised that all policies and procedures are subject to change.


This course may use online proctoring software for assessment(s) to uphold academic quality and maintain academic integrity where deemed required by the academic area. Additional information will be provided by the educator, in MyCanvas, if a remote proctoring tool is being used. Refer to Mohawk College’s Student Online Proctoring Guide to learn more at https://ats.mohawkcollege.ca/hc/en-ca/articles/30869042051220-Online-Proctoring-Guide. In addition, to maintain academic integrity student submissions may be assessed using Turnitin. To learn more review https://www.turnitin.com/. 


A minimum grade of 50% is required as a course pass at Mohawk College. Please be aware, that a higher passing grade (minimum 60% or 70%) may be required if this course is taken as part of certain diploma or certificate programs. Consult the academic department for details. Additionally, if you are taking this course as part of a diploma or certificate program, be aware that you need an overall weighted grade point average (WGPA) of at least 60% to graduate. Graduation requirements are higher for some programs. Please check requirements with your department. For more information on program promotion and graduation requirements review https://www.mohawkcollege.ca/registration-and-records/grading-evaluation/grading-system.


Educators are required to review Emergency Lockdown procedures and Emergency Evacuation Procedures, including Evacuation and Lockdown procedures for students with disabilities, at the start of every course and each semester. Additional information is provided to educators in the College Emergency Safety and Security Procedures Booklet or online through Human Resources within MyMohawk.