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ACCTN570-23H (HAM)
Fundamental Accounting for Decision Making
15 Points
Staff
Convenor(s)
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Vida Botes
9304
MSB.3.06
vida.botes@waikato.ac.nz
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Administrator(s)
Librarian(s)
You can contact staff by:
- Calling +64 7 838 4466 select option 1, then enter the extension.
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- For extensions starting with 4: dial +64 7 838 extension.
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What this paper is about
This paper enables students to learn the foundations of both financial and management accounting. Students will be exposed to the full accounting cycle from source documents to a fully classified set of financial statements for a sole trader. Students will use an Accounting software package to record Accounting data. The advances in accounting requires students to also have a thorough knowledge of a how accounting is used for internal decision making. Excel Exercises will be used to facilitate student's understanding of how to use technology to make management accounting decisions.
This paper is designed for students who are new to accounting but schooled in undergraduate studies. The paper provides the opportunity to learn the language of accounting through practically applied problems.
How this paper will be taught
The paper is taught as:
- 2 Lectures per week
- 2 Tutorials per week
- 2 Lab sessions per week
Required Readings
1. Low, M. Sharma, U. Botes, V.; Hewagama, G. and Cheng, A. 2022. Accounting Principles and Practice for New Zealand students 4th Edition Cengage Online
2. Friedman, M. 2022. Building Blocks for Accounting. A Managerial Perspective . Cyber text Publishing. Available online
You will need to have
: 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/howtouseexcel/
Alternatively you can book sessions in the University of Waikato library which can assist you with becoming familiar with Excel.
Learning Outcomes
Students who successfully complete the course should be able to:
Assessments
How you will be assessed
The assessments in this paper are designed to:
- Learn how to apply accounting principles to short practice cases.
- Test your ability to apply theory to accounting challenges
- 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.
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.