ACCTN570-21H (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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This paper is part of the Stage 1 in the MPAcct programme and a prerequisite paper in the programme for other accounting papers.

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. In line with Accounting Practice you will be required to complete a full set of Financial accounts using Excel.

This is a course designed for a student new to accounting, but schooled in the art of undergraduate studies. 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 it challenging and interesting.

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Paper Structure

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  • 2 lectures per week (include in-lecture workshops).
  • 2 tutorials per week.
  • Optional activities (Computer Applications, Writing Guidance).
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Learning Outcomes

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Students who successfully complete the course 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 language of accounting to practical problems.
    Linked to the following assessments:
  • Demonstrate the application of fundamental management accounting tools and techniques used in business decisions.
    Linked to the following assessments:
  • Comment and explain the shortcomings of basic tools and techniques used in decision making.
    Linked to the following assessments:
  • Understand the place of accounting in the business environment.
    Linked to the following assessments:
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Assessment

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The assessments in this paper are designed to:

  1. Learn how to apply accounting principles to short practice cases.
  2. Test your ability to apply theory to accounting challenges
  3. Assess knowledge and application skills.

Assessment Policy
Due dates, times and conditions are firm and usually no extensions on these will be granted.
In exceptional cases, such as unanticipated circumstances beyond your control, permission for extension may be granted. You are responsible to apply to the convener as soon as you become aware of such circumstances and within a reasonable period of time. You will ultimately be required to provide a full explanation well as independent confirmatory, relevant evidence to be considered. Only the convener has the authority to consider such requests. You should make all possible effort to complete/ attend the assessment at the due date / time as your efforts to do so will be part of the consideration.

PLEASE MAKE CERTAIN YOU ARE FAMILIAR WITH THE SCHOOL POLICIES ON LATE OR MISSED SUBMISSION/ATTENDANCE.

* A late penalty of 10% will apply to paper submitted 2 -24 hours late. Papers will not be accepted after 24 hours late.

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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
22 Jan 2021
12:00 PM
20
  • Hand-in: In Lecture
2. Management Accounting Test
12 Feb 2021
9:30 AM
25
  • Hand-in: In Lecture
3. Financial Accounting Tutorial Assignments
15 Jan 2021
8:00 AM
7
  • Online: Submit through Moodle
4. Management Accounting Tutorial Assignments
13 Jan 2021
8:00 AM
7
  • Online: Submit through Moodle
5. Management Accounting Assignment
27 Jan 2021
9:00 AM
11
  • Hand-in: In Lecture
6. Case Practice Set- FINAL TEST
17 Feb 2021
9:00 AM
30
  • In Class: In Lab
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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1. Britt,J. Chalmers,K., Maloney, S., Brooks, A., Oliver,J. & Bond, D. Accounting: Business reporting for decision making. Seventh Edition. Wiley, Australia.

2. You will be provided with an Excel Template which will be used in class for a continuous exercise which will be required to download from Moodle.

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Recommended Readings

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The following articles are recommended readings for this course and available in your Reading list link in Moodle

Burritt, R. L., Herzig, C., Schaltegger, S., & Viere, T. (2019). Diffusion of environmental management accounting for cleaner production: Evidence from some case studies. Journal of Cleaner Production, 224, 479-491.

Joshi, S., & Li, Y. (2016). What is corporate sustainability and how do firms practice it? A management accounting research perspective. Journal of Management Accounting Research, 28(2), 1-11.

Sharma, U., Botes, V., Foo, D., Karan, R., & Nandan, R. (2017). Climate change accounting: the challenge of uncertainty in Pacific Islands. International Journal of Critical Accounting, 9(5-6), 393-405

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Other Resources

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EXCEL: As Excel is very important for practice as an accountant you will be expected to use Excel whenever possible to complete your in class or homework tasks. You will be required to use Excel for your all your labs as well as for final case practice test. If you are not yet familiar with excel here is an useful source to become familiar with Excel

https://spreadsheeto.com/how-to-use-excel/

Alternatively you can book sessions in the University of Waikato library which can assist you with becoming familiar with Excel.

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

LECTURES ONLINE: Selected lecture notes are made available online as advised in lecture. They are NOT a substitute for reading the text or attending lectures.

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 tutorials per week.
Optional activities (Computer Applications, Writing Guidance).
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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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