ACCT 3251: Intermediate Management Accounting
Building on ACCT 2251: Management Accounting, students further develop their ability to use quantitative and qualitative information to make effective planning and control decisions. Topics include the balanced scorecard and profitability analysis; interdepartmental cost allocation; revenue and customer profitability analysis; process costing with spoilage, rework and scrap; cost management including time, quality and the theory of constraints; capital budgeting; and transfer pricing and multinational management control systems.
Learning outcomes
- Evaluate a firm’s strategic success using Balanced Scorecard measures.
- Select between single and dual-rate cost measures to apply period costs.
- Use the direct, step-down, and reciprocal methods to allocate support department or period overhead costs.
- Apply the physical measure, sales value at split-off and net realizable value cost allocation methods to joint products and by-products.
- Allocate revenue from a product bundle to its distinct components.
- Interpret revenue variances.
- Generate a customer profitability profile.
- Apply process costing techniques using the weighted average and FIFO methods and incorporating transferred-in costs, spoilage, rework and scrap.
- Analyze quality control problems.
- Demonstrate an understanding of time as a competitive tool.
Assess potential capital projects using the net present value and internal rate of return methods. - Show how capital cost allowance, income taxes, and inflation affect capital budgeting decisions.
- Apply transfer pricing methods in multinational organizations.
Course topics
- Module 1: Cost Management: Quality, Time, and the Theory of Constraints
- Module 2: Strategy, Balanced Scorecard, and Profitability Analysis
- Module 3: Period Cost Application
- Module 4: Cost Allocation: Joint Products and Byproducts
- Module 5: Revenue and Customer Profitability Analysis
- Module 6: Process Costing and Spoilage, Rework, and Scrap
- Module 7: Capital Budgeting
- Module 8: Transfer Pricing and Multinational Management Control Systems
Required text and materials
Students require the following e-textbook, which can be purchased directly from the TRU bookstore site at: https://thebookstore.tru.ca/site_digital.asp
- Datar, S. M., Rajan, M.V., Beaubien, L., & Janz, S. (2025). Horngren’s Cost Accounting: A Managerial Emphasis (10th Cdn. ed.). Pearson Canada.
Type: E-Textbook. ISBN: 9780137912483
Additional requirements
A financial calculator is required. A Hewlett Packard 10bII, 10bII+, 12c, or Texas Instrument BAII Plus is recommended.
Technical Basics lists the hardware, software, and computer skills requirements for your course.
Assessments
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact exams@tru.ca with any questions about this.
To successfully complete this course, students must achieve a passing grade of 50% or higher on the overall course and 50% or higher on the final mandatory exam. However, CGA and CICA will only recognize this course if you achieve an overall C+ (65% to 69%) or higher.
| Assignment 1: Cost Management and Strategic Analysis | 10% |
| Assignment 2: Period Cost Application, Cost Allocation, and Profitability Analysis | 10% |
| Assignment 3: Process Costing and Spoilage, Rework, and Scrap | 10% |
| Assignment 4: Capital Budgeting | 10% |
| Assignment 5: Case Analysis | 10% |
| Mandatory Final Exam | 50% |
| Total | 100% |
Open Learning Faculty Member Information
An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.
