uwloo

AFM 481Cost Management Systems

Faculty
Arts
Last listed
Spring 2021

No longer offered. It was in Waterloo’s course catalog since at least Winter 2020 (as far back as Open Data goes) to Spring 2021 and last ran in Spring 2021. It isn’t in the 2024–25 or later calendars.

When it ran

  1. S20
  2. S21

Ran in 2 terms, Spring 2020 to Spring 2021.

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.

Requirements, as last listed

Prereq: AFM 102; Accounting and Financial Management, Biotechnology/Chartered Professional Accountancy, Computing and Financial Management, or Mathematics/Chartered Professional Accountancy students

In today’s calendar

Reviewed on UW Flow

49% liked it31% easy60% useful

From 43 ratings and 10 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • This course builds on AFM102. It's a pretty hard course. You get cheatsheet for both midterm and final. I'd rather them not do that tho. They really assume you have everything on your cheatsheet, and if you miss something, you're screwed.
    Participation is like super hard for this course. You don't know what you get even after the final. This course is so boring that people rarely prepare ahead and do the questions, or take the initiative to ask the prof in class. It's like prof talking to himself all the time. Just assume you have a 0% in this.
    Midterm/Final exam was difficult, and lengthy. Watch out for the time, save MCs until the end. Do the short answers first. Since this course is…

    Aug 2016 · didn’t like it · 2 found this helpfulOn UW FlowRemove this

  • I found this course pretty easy. Some of it was review from AFM 102 and some new stuff. If you do practice problems and pay attention in class you should have no problem.

    Aug 2018 · liked itOn UW FlowRemove this

  • Agonizingly boring

    Jul 2018 · didn’t like itOn UW FlowRemove this

  • I regret taking this course. Exams are long for the sake of being long. Material is boring and dry. 10% is subjectively evaluated participation. Complete and utter bs

    Jul 2018 · didn’t like itOn UW FlowRemove this

  • Course that was a continuation of AFM 102.

    Dec 2012 · didn’t like itOn UW FlowRemove this

Discussed on r/uwaterloo

18 posts and comments in 16 threads mention AFM 481, August 2015 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.

Winter 2022

Fall 2020

Math/CPA Post 2A Program Review 10 points, 3 comments

u/NF1ShortKing: “I just wrote the CFE and AFM102 is super useful. A lot of AFM102 concepts appear on the CFE, as one whole section of the exam is Management Accounting which is basically AFM102+AFM481 (cost management systems). It will appear on the CFE so keep that in mind!”

View on RedditRemove this

Spring 2020

Winter 2020

Waterloo AFM vs Math/CPA? 9 points, 16 comments

“I have seen a few posts about these two programs, and it seems that there are mixed opinions, but the general consensus seems to be that AFM students tend to be more cliquey and the social …”

u/ProButtSnorkler: “Some of the info below is from advisors and some of it is from people I know in both programs: - apply to math/cpa because if you end up not liking the math side you can transfer to AFM apparently no …”

u/student073: “… For example, it seems like for Math/CPA you'd need AFM 341, 351, 362, 363, 401, 462, 479, 481, 482, etc, while AFM needs AFM 111, 112, 121, 241, 244, 280, 373, etc. Why is it that they have different required AFM courses and what are the main differences? …”

View on RedditRemove this

Spring 2019

Fall 2018

I'm an AFM Alumni who genuinely enjoyed the program, AMA 85 points, 76 comments

“Hello, I'm new to reddit and I created an account just to ask you guys this. I've always wondered why the reddit atmosphere towards AFM kids here seems a bit hostile and overly-negative. …”

u/daga2222: “Why did you choose accounting? Is it because you value stability, value being part of a "traditional" profession, succumbed to parental/family pressure, or just lack confidence in your self? …”

u/MAccGrad201x: “… There are courses that I did not enjoy such as AFM291, 391, 481, 482, 491...all the traditional accounting courses. Yet I quite enjoyed the finance courses like 373, 479 and strategy courses like 433. …”

View on RedditRemove this

Spring 2018

AFM or BBA/CS 4 points, 9 comments

“Hi! I have been accepted into both AFM and UW CS/WLU BBA for fall 2018 but I am conflicted between what program to choose. I understand that both programs are quite different. …”

u/ThatCoxKid: “Hi! I'm not in either program (I'm in FARM) but looking in my first and second year I used to think that CS/BBA would have been a great program to pursue. …”

u/Spiner202: “… Edit: looks like they got rid of INTST 101, AFM 341 (surprising given the way things are moving; even if this course wasn't overly useful), all 3 tax courses, AFM 351, 479, 481, 482, and 401. …”

View on RedditRemove this

Winter 2018

Calling on all Waterloo AFM students 5 points, 14 comments

“Hey, I was wondering about the afm program. I have a few questions I hope someone can answer. - once you get in the program is it hell? …”

u/Newnewguy2019: “… An exception is when you get a really bad prof like we did for Intermediate Accounting 2 (AFM 391) and Cost Accounting (AFM 481 and 482) where they couldn't teach and gave killer exams which failed a lot of students. 2. …”

View on RedditRemove this

Fall 2017

PSA: UWCourseLinker back up, disabled by default, call with [[course code]] 39 points, 31 comments

u/RayDWatson: “Testing all course codes 1/61: [[ACC604]] [[ACC605]] [[ACC606]] [[ACC607]] [[ACC608]] [[ACC609]] [[ACC610]] [[ACC611]] [[ACC620]] [[ACC621]] [[ACC622]] [[ACC623]] [[ACC624]] [[ACC625]] [[ACC626]] …”

u/RayDWatson: “… [[AFM473]] [[AFM474]] [[AFM475]] [[AFM476]] [[AFM477]] [[AFM478]] [[AFM479]] [[AFM480]] [[AFM481]] [[AFM482]] [[AFM483]] [[AFM484]] [[AFM491]] [[AFM492]] [[AFM501]] [[AFM502]] [[AFM503]] [[AFM504]] [[AHS100]] [[AHS107]] [[AHS150]] [[AHS600]] [[AHS782]] [[AMATH231]] [[AMATH242]] …”

u/UWCourseLinker: “… Applications in Finance II AFM 480 - Selected Problems and Cases in Managerial Accounting AFM 481 - Cost Management Systems AFM 482 - Performance Measurement and Organization Control AFM 483 - Applications of Analytics to Business AFM 484 - Advanced Management Control Systems …”

View on RedditRemove this

Check it elsewhere