ACCT570-18S (HAM)

Fundamental Accounting for Decision Making

15 Points

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Waikato Management School
Te Raupapa
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Vida Botes

Vida Botes
9304
MSB.3.06
Office hours to be announced
vida.botes@waikato.ac.nz

Lecturer(s)

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement 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 or 9 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.
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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.

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.
    Linked to the following assessments:
  • 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.

Note on Assignments due date:
While essays are due at the time and in the manner highlighted above, the following policy also applies with respect to marked essays:

  • 10 marks automatic deduction if submitted l day or part of a day late.

* 50 marks automatic deduction if submitted within two full days after due date.

* Papers not accepted after two full days.

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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
19 Jan 2018
12:00 PM
15
  • Hand-in: In Lecture
✔
2. Management Accounting Test
7 Feb 2018
11:00 AM
20
  • Hand-in: In Lecture
✔
3. Financial Tutorial Assignments & Attendance
10
  • Hand-in: In Tutorial
  • In Class: In Tutorial
✔
4. Management Accounting Tutorial Assignments & Attendance
10
  • Hand-in: In Tutorial
  • In Class: In Tutorial
✔
5. Management Accounting Assignment
31 Jan 2018
9:00 AM
15
  • Hand-in: In Lecture
✔
6. Case Practice Set
13 Feb 2018
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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  1. Accounting Practice Set Details ( available from Bennets)

Hall, P., If the Shoe Fits, Pearson, Australia.

  1. Nobles,T., Mattison, B., Matsumara, E., Best, P., Fraser, D., Tan, R., & Willett, R. Horngren’s Accounting. Eight Edition. Pearson, Australia.

It is advised that Horngren’s Accounting is best purchased as an E-text to include the MyLab key http://www.pearsoned.co.nz/products/detail/?isbn=9781486018000

If you intend to purchase a hard copy of Horngren’s Accounting you will still be required to purchase the key to MyLab separately. Please note that buying the key online to My Lab and a hard copy of the text book separate is a more expensive option. .

(Please ensure that you use the 8th Edition of the book. Those using previous editions do so at their own risk).

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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, 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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