The ability to effectively and efficiently manage an organisation using relevant information is crucial to the success of anyone who aspires to be a management accountant. This paper focuses on the fundamental concepts, techniques and decision-making processes related to enhancing sustainable and long-term value of an enterprise. It develops skills in problem solving, including the use of quantitative analysis, knowledge of short and long-term decision-making, and basic abilities in Excel.

This paper provides students with an understanding of management accounting, with emphasis on the use of costing, budgeting, and performance evaluation to make informed business decisions.

ACCTN203-23A (HAM) is offered in FLEXI Synchronous mode. On-campus activities (e.g., lectures, tutorials, and tests) are available for students to attend in person. Students can also complete the paper remotely or switch between on-campus and online learning. Please note:

1. Most tutorial sessions will be on-campus face-to-face only. I may open one tutorial session that is online only or hybrid.
2. Students are required to engage in in-class quizzes, tutorials, and tests during scheduled times.

Lectures:

• Week 1: Classes on Monday and Friday. Orientation lecture on Monday that introduces you to the course and answer any questions you may have. We will go over exercises and conduct in-class quizzes on Fridays.
• Week 2 to Week 13: Classes on Friday only. No classes on Monday, these are substituted for pre-recorded videos that covers the base concepts - make sure to review these prior to the Friday classes.
• Week 14: Classes on Monday and Friday for course revision.
• All lectures will be live streamed via Panopto, recorded, and made available to all students. It is the sole responsibility of any absentees to catch up with missed content.
• We will be going over basic to advanced Excel techniques. Microsoft Office is free for all enrolled UoW students (https://www.waikato.ac.nz/ict-self-help/apps/free-software-for-staff-and-students).

Tutorials:

• Tutorials are not recorded.
• Most tutorial sessions will be on-campus face-to-face only. One online only or hybrid session may be arranged.
• Tutorial sign-up opens 27 February (Monday) at 9am and closes on 3 March (Friday) at 5 pm on a first-come first-serve basis. Each session is limited to 12 participants.
• The number of tutorial sessions offered depends on enrolment numbers. The information stated here is subject to change and not all sessions may be offered. Check the lecture announcements for up-to-date information.

Required readings:

Langfield-Smith, K., Smith, D., Andon, P., Hilton, R., & Thorne, H. (2022). Management Accounting: Information for Creating and Managing Value, 9th Edition, McGraw-Hill, Australia.Note:

Students can also read the 7th or 8th edition of the required textbook.

Recommended readings: Additional readings will be provided in Moodle in relevant weeks in relation to tutorial questions. These include:

• Al-Sayed, M., & Dugdale, D. (2016). Activity-based innovations in the UK manufacturing sector: Extent, adoption process patterns and contingency factors. The British Accounting Review, 48(1), 38-58.
• Christou, C. D., Athanasiadou, E. C., Tooulias, A. I., Tzamalis, A., & Tsoulfas, G. (2022). The process of estimating the cost of surgery: Providing a practical framework for surgeons. The International journal of health planning and management, 37(4), 1926–1940.
• CIMA. (2010). A comparative investigation into the diffusion of management accounting innovations in the UK, Australia and New Zealand. CIMA.
• Deloitte. (2020). Pricing of digital products and services in the manufacturing ecosystem. Deloitte.
• EY. (2018). Does your nonfinancial reporting tell your value creation story? EY.
• Fonterra. (2022). Annual Review 2022. Retrieved from https://www.fonterra.com/nz/en/investors/results-and-reporting.html
• Fonterra. (2022). Sustainability Report 2022. Retrieved from https://www.fonterra.com/nz/en/embracing-sustainability.html
• Guilding, C., Drury, C., & Tayles, M. (2005). An empirical investigation of the importance of cost-plus pricing. Managerial Auditing Journal, 20(2), 125-137.
• IFAC. (2013). International Good Practice Guidance: Project and Investment Appraisal for Sustainable Value Creation. IFAC.
• Kaplan, R. S., & Anderson, S. R. (2004). Time-Driven Activity-Based Costing. Retrieved from https://hbr.org/
• McKinsey & Company. (2020). How industrial companies can cut their indirect costs—fast. McKinsey & Company.
• McKinsey & Company. (2023). Indirect manufacturing costs: An overlooked source for clear savings. McKinsey & Company.
• PwC. (2012). Good budgetary processes: comparators. PwC.