This course will provide the student with an understanding of the conceptual foundations of managerial accounting, budgeting, ratio analysis and a familiarity with the principal reports produced. The student will study the behavior of costs, costing systems and interpret variances and control through the balanced scorecard. The student will also prepare budgets for the HRM operating area. Successful completion of this course and ACCT 1200 (with a minimum combined grade of 65%) will qualify as an approved credit towards the academic component of the Certified Human Resources Professionals designation (CHRP) granted by the Human Resources Professionals Association (HRPA). Please visit www.hrpa.ca for full details.