ACCTN101-21C (NWC)

Accounting for Management

15 Points

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External Organisations
Study Group

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz
: maria.neal@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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This paper explains how accounting is an important social practice; an integral aspect of organisational management and covers both the technical
aspects of the provision and the use of accounting information. This paper is one of the core papers required for the BMS(Hons) and BBus degrees.
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Paper Structure

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This paper has 2 main parts: Financial Accounting and Management Accounting. Accounting is the process of identifying, measuring and communicating economic information to permit informed judgement and decisions by users of the information. The first part focuses on the use of financial statements to aid internal and external users whereas the second part focuses on the use of special type reports for managers in internal decision making. The paper also reviews the information needed by government for accountability purposes. Also covered is this paper are ethics, taxation matters and sustainability.
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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • 1. Explain why accounting is viewed as the communicative tool for effective decision making
    Linked to the following assessments:
  • 2. Critically evaluate how accounting is implicated in everyday life in organisations and society.
    Linked to the following assessments:
  • 3. Explain the need to account for a wider environment viz responsible and sustainable management practices
    Linked to the following assessments:
  • 4. Interpret financial statement data with an awareness of their context and source
    Linked to the following assessments:
  • 5. Apply basic costing, budgeting and quantitative modelling techniques
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  • 6. Critically discuss the strengths and limitations of the numerical representation of complex processes
    Linked to the following assessments:
  • 7. Demonstrate skills in creative problem solving and team work
    Linked to the following assessments:
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Assessment

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Internal coursework: 1:0
Assessment is by coursework during the semester. Your final mark (percentage) for the course will be a weighted average of your course work. To pass this paper you must receive a C minus, 50% grade.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Financial Accounting Test 1
15 Dec 2021
12:00 PM
25
  • Online: Submit through Moodle
2. Project
14 Jan 2022
5:00 PM
25
  • Online: Submit through Moodle
3. Management Accounting Test 2
9 Feb 2022
12:00 PM
25
  • Online: Submit through Moodle
4. Tutorial Work
12
  • Email: Lecturer
5. Online Quizzes
Average of All
13
  • Online: Submit through Moodle
6. Online Quiz Chapter 1
26 Nov 2021
5:00 PM
-
  • Online: Submit through Moodle
7. Online Quiz Chapter 2
3 Dec 2021
5:00 PM
-
  • Online: Submit through Moodle
8. Online Quiz Chapter 3
10 Dec 2021
5:00 PM
-
  • Online: Submit through Moodle
9. Online Quiz Chapter 4
17 Dec 2021
5:00 PM
-
  • Online: Submit through Moodle
10. Online Quiz Chapter 5
7 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
11. Online Quiz Chapter 6
7 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
12. Online Quiz Chapter 7
14 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
13. Online Quiz Chapter 8
21 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
14. Online Quiz Chapter 9
21 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
15. Online Quiz Chapter 10
28 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
16. Online Quiz Chapter 11
28 Jan 2022
5:00 PM
-
  • Online: Submit through Moodle
17. Online Quiz Chapter 12
4 Feb 2022
5:00 PM
-
  • Online: Submit through Moodle
18. Online Quiz Chapter 13
4 Feb 2022
5:00 PM
-
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Lawrence, S., Davey, H., and Low, M. (2021). Accounting at Work: In Business, Government & Society, 6th Edition (ebook), New Zealand,
Pearson Education NZ.
(Students should purchase the 6th Edition of the prescribed text. There are significant differences between the editions.)
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Recommended Readings

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Curwen, L. (2021) "The collapse of Enron and the dark side of business", BBC Radio 4, Business News 3 August.

https://www.bbc.com/news/business-58026162

Widdowson, D. and Hailwood, K. (n.d.) "Financial literacy and its role in promoting a sound financial system", Reserve Bank of New Zealand: Bulletin, Vol. 70, No. 2.

https://www.rbnz.govt.nz/-/media/reservebank/files/publications/bulletins/2007/2007jun70-2widdowsonhailwood.pdf

Wise, S (2013) "The Impact of Financial Literacy on New Venture Survival", International Journal of Business and Management, Vol. 8, No. 23; 2013

ISSN 1833-3850 E-ISSN 1833-8119, Published by Canadian Center of Science and Education

https://nscpolteksby.ac.id/ebook/files/Ebook/Journal%20International/Business%20Administration/International%20Journal%20of%20Business%20and%20Management%20Vol.%208-%20No.%2023%20(2013)/30891-107996-1-PB.pdf

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Online Support

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If you require online support for myweb please email helpdesk at wmshelp@waikato.ac.nz
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Workload

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TIME MANAGEMENT
Be realistic about the amount of time you spend on this course. A full time first year student should be working on their courses for about 40 hours per week. This is an average figure; the actual hours will vary from week to week. This means that for a semester course you should spend about 10 hours per week. For this course, the following is a guide to how you might divide up those hours:
Hours per week Activity
2 Lectures
1 Workshop
2 Read prescribed readings and review lecture notes
4 Complete weekly online quizzes and tutorial problems
1 Discuss assigned tutorial work in tutorials
10 Total

This time allocation will vary during the weeks you are preparing for your quizzes, tests, project and tutorial homework.

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Linkages to Other Papers

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This paper provides an important link to other papers in Waikato Management School. Understanding how accounting information is used for managerial
decision-making is important for any management/business student. The assessment materials are designed in this paper to help students learn how to work in a team, as they will have to when they join the “real world”. The project will help students to learn how to use investigative research skills in searching for data on companies and how to pull the data together to evaluate how well the companies are performing or not performing. This paper also emphasises that a broader aspect of information must be used when making decisions about the performance and position of organisations.
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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT101

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