Course Description

Participants will gain introductory skills in accounting for long-term liabilities including bonds, mortgages and capital leases. Topics include identifying cash flow from operating, investing and financing activities and creating a Cash Flow Statement. Learn how changes in volume affect costs and profits and how to chart that information using Cost-Volume-Profit Analysis. Participants will build a Master Budget that effectively plans for the future, promotes coordination and communication within an organization and provides benchmarks for evaluating performance. The course will culminate with participants learning to make informed decisions about how to maximize profit and strengthen a company’s financial position using a variety of accounting tools.

Course Details

By completion of this course, successful students will be able to:

  • Identify the advantages and disadvantages of different borrowing instruments and evaluate whether it is preferable to issue debt or equity
  • Prepare a Cash Flow Statement using the indirect method, and compute the cash effects of investing and financing transactions
  • Use Cost-Volume-Profit analysis to calculate breakeven points, for-profit planning, and to perform sensitivity analysis
  • Create a Master Budget which includes:
    • An operating, capital expenditure and financial budget that will assist in the achievement of business goals and identify specific actions to achieve those goals
    • Develop projected income statements and balance sheets. Determine future cash requirements using a cash flow budget. Evaluate potential outcomes using sensitivity analysis
  • Evaluate short and long-term decisions using:
    • Relevant cost analysis and contribution analysis to assess business segments or product mixes
    • Payback, net present value and rate of return to assess capital budgeting decisions. Identify strengths and weaknesses of these different methods


Students must successfully complete BMC 162 Accounting Fundamentals prior to registering in this course.

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Jan 19, 2021 to Mar 29, 2021
Delivery Options
Course Fees
Fee before GST non-credit $525.00
  • Jill Benson
Reading List / Textbook
Title: Custom Chapters from Horngren's Accounting Volume 2 and Managerial Chapters (Bundle)
Edition: 11th/12th
Authors: Miller-Nobles, Norwood, Matsumura, Mattison, Johnston, Meissner, Meissner, Horngren
Publisher: Pearson Education
ISBN: 978-1323970478

Visit the UCalgary Bookstore at www.calgarybookstore.ca.

Section Notes

This course uses Desire2Learn (D2L), an online learning management system. The instructor will post your course outline and other materials in D2L. For more information about D2L, please visit our Online Learning Resources.

Unless notified, all online courses are available at 9 am MT the day before the start date. Students who register on (or after) the start date will receive access within one day of registration.

Students who are unfamiliar with online learning are recommended to take BMC 352 Learning Online prior to enrolling in this course.

Unless otherwise stated, notice of withdrawal or transfer from a course must be received at least seven calendar days prior to the start date of the course.

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