ACCTN570-21A (HAM)

Fundamental Accounting for Decision Making

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: maxine.hayward@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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WELCOME to Fundamental Accounting for Decision Making: In this course we aim to develop an awareness of the fundamental skills and concepts of financial and management accounting. You will focus on the preparation and analysis of accounting records while also gaining understanding techniques and challenges related to management accounting.

This is a course designed for a student new to accounting. The paper provides an opportunity to learn the language of accounting by addressing practical problems.

I look forward to joining with you on this new accounting journey and hope you find the journey challenging and interesting.

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Paper Structure

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  • 1 x 2 hours of lectures per week (Wednesday 2 - 4 pm)
  • 1 x 2 hours of tutorials per week (Friday 9 - 11 am)
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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Appreciate the purpose of financial and management accounting.
    Linked to the following assessments:
  • Understand the nature of accounting systems and recording procedures.
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  • Apply the principles of accounting to practical problems.
    Linked to the following assessments:
  • Demonstrate the application of fundamental management accounting tools and techniques used in business decisions.
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  • Comment and explain the shortcomings of basic tools and techniques used in decision making.
    Linked to the following assessments:
  • Understand the place of accounting as a decision making tool in the business environment.
    Linked to the following assessments:
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Assessment

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The assessments in this paper are to enable you to demonstrate that you have:

  1. Learnt how to apply accounting principles to short practice cases (LO 1 - 4)
  2. Developed your competencies in applying your knowledge to accounting challenges (LO 4 - 6)
  3. Developed your ability to use accounting information to make decisions in a business environment (LO 6)
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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
7 Apr 2021
2:00 PM
25
  • Hand-in: In Lecture
2. Management Accounting Test
19 May 2021
2:00 PM
25
  • Hand-in: In Lecture
3. Tutorial Homework
10
  • In Class: In Tutorial
4. In-Class Assignments
1 Mar 2021
No set time
10
  • Hand-in: In Lecture
5. Final Test
4 Jun 2021
9:00 AM
30
  • Hand-in: In Lecture
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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Reading List:

Britt,J. Chalmers,K., Maloney, S., Brooks, A., Oliver,J. & Bond, D. Accounting: Business reporting for decision making. Seventh Edition. Wiley, Australia.

https://rl.talis.com/3/waikato/lists/0412456B-E7A2-759B-3BDB-3C2867CF25C1.html?lang=en-US

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Recommended Readings

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The following articles are recommended readings for this course:

Bromwich, M., & Scapens, R. W. (2016). Management accounting research: 25 years on. Management Accounting Research, 31, 1-9.

Cavico, F. J., & Mujtaba, B. G. (2016). Volkswagen emissions scandal: a global case study of legal, ethical, and practical consequences and recommendations for sustainable management. Global Journal of Research in Business & Management, 4(2), 303-311.

Cooper, D. J., Ezzamel, M., & Qu, S. Q. (2017). Popularizing a management accounting idea: The case of the balanced scorecard. Contemporary Accounting Research, 34(2), 991-1025.

Malmi, T. (2016). Managerialist studies in management accounting: 1990–2014. Management Accounting Research, 31, 31-44.

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Other Resources

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LECTURES: This is where all relevant announcements about the course are made. You are expected to attend all lectures or watching all lecture videos, and you are responsible for obtaining information and material presented there.

Lectures are NOT a substitute for reading the text, you should read the relevant readings for the week.

STAFF OFFICE HOURS: Teaching staff hold office hours which you are encouraged to use for questions. Appointments to be made via email. You should take advantage of these times. See 'Assessments' and the 'Introduction' for email contact and special consideration policies.

COMPUTER PROBLEMS OR COMPUTER LAB ASSISTANCE: This is provided by the computer lab staff team (not the teaching staff). You are strongly advised to BACKUP any files you’re working on, and to use labs and computers well in advance of due dates to accommodate the possibility of equipment failure. Meeting due dates are, of course, your responsibility.

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Online Support

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COMPUTER PROBLEMS OR COMPUTER LAB ASSISTANCE: This is provided by the computer lab staff team (not the teaching staff). You are strongly advised to BACKUP any files you’re working on, and to use labs and computers well in advance of due dates to accommodate the possibility of equipment failure. Meeting due dates are, of course, your responsibility.
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Workload

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2 lectures per week (include in-lecture workshops).
2 hours per week.

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Linkages to Other Papers

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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT570

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