HRM732 - Introduction To Financial and Management Accounting
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|Last revision date||Mar 18, 2013 9:25:05 AM|
|Last review date||Mar 18, 2013 9:25:05 AM|
Introduction To Financial and Management Accounting
The focus of this subject is to provide students with an understanding of accounting information for the use of business managers and a working knowledge of financial accounting for human resources managers. The fundamental principles of finance and accounting will be combined with practical applications relating to various forms of organization. Using accounting information to help effect plans, controls, and decisions will be emphasized.
One full credit.
Upon successful completion of this subject the student will be able to:
1. Describe and apply basic financial accounting principles and demonstrate how financial data is compiled, reported, and analyzed.
2. Discuss the need for consistent application of the principles that govern accounting information.
3. Describe the need for internal controls and the procedures for payroll and payroll liability.
4. Explain how financial information is used in Human Resources Management.
5. Discuss the difference between financial and management accounting. Describe the importance of accounting information in the operations of a business and how it impacts upon management decisions in terms of assessing responsibility and assisting in the planning process.
6. Explain the types of business organization, the differences in their financial structure, tax implication, and operations.
7. Describe the need for departmental budgets. Demonstrate competence in the preparation of departmental plans and budgetary controls, and explain the need for responsibility accounting.
8. Demonstrate the techniques used in financial analysis, i.e., reading financial reports, cost-volume-profit analysis, cost behaviour, operating and cash budgeting, evaluation of capital projects.
9. Demonstrate effective written communication skills by submission of test and exams.
Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.
To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at firstname.lastname@example.org.
Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.