This article, through a focus on specific courses, explains how the Strategic Management – Accounting program prepares students for the industry or further study in just two semesters.

1. Strategic Management Accounting Program Offers Range of
Post-Graduate Options
It is important that the post-secondary program you attend offers you options. This doesn’t just
mean career options but also ways for you to easily pursue further education should you have an
interest in learning more.
Centennial College’s Strategic Management in Accounting (officially known as Strategic
Management – Accounting), not only prepares students for careers that include accounting
supervisor, accounting manager, assistant controller, controller and business analyst. It also
allows grads to apply to CGA-Ontario and, depending on their academic background, receive level
four CGA transfer credits. Additionally qualified grads seeking further education may do so through
a partnership between Centennial College and Davenport University. This partnership allows
graduates to apply academic credit towards further study.
As one of Toronto’s respected strategic management programs, this offering ensures students
are prepared for whatever option they choose through comprehensive coverage of all the key
areas of management that uses case studies and simulations; hands-on exposure to the latest
technology applications in the area of management information systems including ERP systems;
and more. It is worth noting that a team of professors with strong academic backgrounds,
extensive business and management experience delivers courses within this offering.
Among the specific courses within this offering are:
Advanced Managerial Accounting: The role of management accounting is examined through
topics such as relevant costing, capital budgeting, transfer pricing, balanced scorecard, inventory
management, variance and profitability analysis, performance measurement and compensation,
and the application of management accounting concepts and techniques to support business
decision making.
Accounting Theory and Policy: Standards such as reserve recognition, management discussion
and analysis, employee stock options, post employment benefits, financial instruments, ceiling
tests, hedge accounting and comprehensive income are critically evaluated. Practical and
theoretical problems of the present value model, foreign exchange accounting, the process and
issues related to standard setting, agency theory and other topics relevant to current events are
also discussed.
Advanced Taxation: Highlighted in this course are the requirements of the Income Tax Act for
Canadian Resident Corporations with a focus on the decisions to be made by the owner/manager
of a Canadian controlled private corporation.
Advanced Financial Management: Consolidations, foreign currency transactions and
operations, and not-for-profit and government organizations are covered in this course. As a lead
up to the study of consolidations, students partake in discussion of investments in equity
securities and business combinations. Standard settings, both domestically and internationally, are
presented within each topic leading to the adoption of the International Financial Accounting
Standards, which were adopted in 2011 for Canadian public companies.
Contemporary Organizational Behavior: This course studies human behavior in organizational
settings by following the traditional (social science) approach. As such, it begins with an
examination of individual sources of behavior, progresses through collective and interpersonal inte

2. action, and ends with consideration of organization wide variables and issue.