uwloo

AFM 382Cost Management Systems

Units
0.50
Faculty
Arts
Subject
Accounting and Financial Management

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 5 of the last 7 terms. Winter 2027: scheduled, 4 lecture sections. Spring 2027: schedule not out yet.

Consideration of more complex topics in management planning and control. Emphasis is on traditional and contemporary cost accumulation systems and their application in modern day organizations. Cases, simulations, projects, and presentations are the key instructional methods used to understand and integrate the course material. At the end of the course, students will have a solid understanding of how the correct choice of a costing model adds value to the organization.

Prerequisites

Antirequisites

  • Not completed any of the following:

Leads to

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001368656 / 67TTh 08:30–09:50
LEC 002368766 / 67TTh 10:00–11:20
LEC 003368855 / 66TTh 13:00–14:20
LEC 004433067 / 67TTh 14:30–15:50
TUT 1013997244 / 268W 17:30–18:20
TST 2013710244 / 268Oct 28 20:30–21:50

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00135860 / 50TTh 08:30–09:50
LEC 00235920 / 45TTh 10:00–11:20
LEC 00336200 / 45TTh 11:30–12:50
LEC 7011367107 / 9999Online or by arrangement
TUT 10138920 / 140W 19:00–19:50
TST 20136520 / 140Feb 23 19:00–20:20

Reviewed on UW Flow

68% liked it59% easy68% useful

From 31 ratings and 8 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • Pretty useless content... all you need to do is do practice problems and prepare the cheat sheet for midterm/final exam

    Oct 2025 · didn’t like itOn UW FlowRemove this

  • Prof. Joyce was awesome! She made the content enjoyable and easy to understand, even though cost accounting as a subject can sometimes get boring. The midterm was pretty straightforward as long as you put the right examples on your cheat sheet. The quizzes have two attempts each which helps to get a grade boost. Also participation is pretty easy to get, but I think that's more so because of the professor. Overall enjoyed this class!

    Apr 2025 · liked itOn UW FlowRemove this

  • Exams were very straight forward and mimic the in class problems. The quizzes take a while to complete and can get pretty challenging if not prepared.

    Feb 2025 · liked itOn UW FlowRemove this

  • Exams were pretty easy and fair overall, do the homework and textbook questions, it can be a lot though. Quizzes are annoying since there's barely any time to review content before they're due, either need to be really on top of things or use a combo of friends, Chat, and the example problems in the textbook to get through those.

    Dec 2024 · didn’t like itOn UW FlowRemove this

  • easier than AFM291, cheat sheet for exams helps a lot. make sure to do the quizzes and practice problems in class to prep

    Feb 2024 · liked itOn UW FlowRemove this

Discussed on r/uwaterloo

18 posts and comments in 16 threads mention AFM 382, October 2017 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Fall 2024

AFM 3A Difficulty 6 points, 3 comments

“Hey guys i'm going into 3A in a couple days and i was wondering if any upper years had any tips to do well and what courses to watch out for? Thanks”

u/CoolFun11: “… The two classes I found most difficult & that you should watch out for were AFM 382 & AFM 373. The 3B term was more difficult than 3A for me, though, and I especially had difficulties with AFM 391 (which is a continuation of 291) & AFM 362. …”

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Spring 2024

Winter 2024

afm midterm 1 point, 1 comment

“afm 182 midterm tmrw and im so confused why all my 1b midterms are like 35% of my grade? This class doesnt even give mock midterms to practice and the concepts are so generealized? …”

u/Live-Orchid-4180: “Main upper year courses midterms will be worth around 30-40% and exam could be upto 45%. Afm 291 midterm is worth 30% and exam is 45%. Afm 273 midterm is 30% i believe. Afm 373 and 382 are 30% too.”

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Fall 2023

AFM382 study tips 1 point, 0 comments

u/huswlals: “To anyone who took this course, are there any study tips for AFM382? Are textbook problems helpful? I'm a bit confused bc most AFM courses have PBL but this one doesn't. (I usually studied exams by solving PBLs) I really don't know how to study for midterm :(”

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Spring 2023

AFM 3A electives 1 point, 5 comments

u/Latancy: “… I wanted to take AFM 323 but its full, and AFM 477 (Mergers and Acquisitions with Prof Garvin Blair, conflicts with my AFM 382 tutorial) so since I don't really have a choice, I plan on taking AFM 424. Please let me know if there are any other courses I should look into. …”

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Spring 2022

FARM vs MATH/CPA 2 points, 7 comments

“Hey everyone, &x200B; I have been fortunate enough to be accepted into both FARM and Math/CPA and have been very grateful for it:) Nevertheless, I am VERY struggling to choose between these two and …”

u/AFMISFULLOFNOOBS: “… Managers (or COMM 231) AFM 341 Accounting Information Systems AFM 362 Corporate Taxation AFM 382 Cost Management Systems AFM 391 Intermediate Financial Accounting 2 AFM 433 Business Strategy AFM 451 Audit Strategy AFM 462 Special Topics in Taxation AFM 482 Performance …”

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Check it elsewhere for Fall 2026

Calendar versions

Undergraduate Calendar