ACCTN101-23A (HAM)

Accounting for Management

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)

: aeshamodi76@gmail.com
: bhaven15098@gmail.com
: ivbotes@gmail.com
: sam726762@gmail.com

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@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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What this paper is about

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Welcome to ACCTN101: Accounting for Management. The ACCTN101 paper is an important one for business students as it helps them to understand the role of accounting and how financial statements are crucial in helping individuals to be better informed when making management decisions. The learning activities and assessment items designed and developed for this paper are intended to help students learn how to apply accounting concepts and thereby develop an understanding of how financial and non-financial information are used for both internal and external decision-making purposes. The paper also illustrates how such information links to other disciplines in a business. There is also emphasis provided in the paper about the limitations of using just accounting information for decision-making purposes. Students are made aware of the importance of the context in which such information has been prepared and that there needs to be a wider consideration of non-financial information to provide a better balance in decision-making processes by owners/shareholders/managers/investors/debt-holders/other stakeholders. In this paper you will learn about the importance of accounting and how to appropriately use the financial and non-financial information provided by accountants.
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How this paper will be taught

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This paper has two main parts: Financial Accounting and Management Accounting. Accounting is the process of identifying, measuring and communicating economic information to permit informed judgement and decisions by users of the information. The first part focuses on the use of financial statements to aid internal and external users whereas the second part focuses on the use of special type reports for managers in internal decision making. The paper also reviews the information needed by government for accountability purposes. Also covered is this paper are ethics, taxation matters and sustainability.

Students are expected to attend:

  • 1 x 2-hour lecture per week
  • 1 x 1-hour workshop (demonstration lecture per week)
  • 1 x 1-hour tutorial per week (or 2-hour tutorial if you choose to enrol the NAB tutorial)

This paper is offered in FLEXI mode which means there are some flexible aspects of this paper that can be completed online. Detailed information is provided on Moodle. If you plan to study online, please email the paper convenor the reasons and register on Moodle in Week 1.


Lecture 01: Monday 1:00 pm - 3:00 pm PWC

Lectures will be recorded and available on Panopto after lectures.The course calendar lists the topic to be covered in each of the lecture sessions as well as the prescribed reading for that particular topic. You will gain more from a lecture if you have read the prescribed reading before the lecture. Try to formulate questions in your mind whilst doing the reading. These questions will help you concentrate on the lecture and provide a focus for your listening.

Lecture 02 Workshop: Wednesday 12.00 pm – 1:00 pm PWC

The workshop is a demonstration lecture, which aims to help students reinforce their learning from lectures through problem solving. It is strongly recommended that all students attend this session. The material covered in this session will help you with your tutorial preparation and will also be important material covered for the tests.

Tutorial

You should attend one tutorial per week starting from the second week. A set of problems and cases has been provided for you to do in your own time. The assigned problems should be treated as a minimum set and you are encouraged to tackle as much as possible of the assigned cases and problems before coming to a tutorial.

The tutorial will be of 50 minutes duration (NAB tutorials are of 100 minutes duration) and provide students with an opportunity to discuss answers and ask questions to the tutorial problems. You will understand the answers better if you have attempted the problems beforehand. Tutors will not have time to allow you to copy down the suggested solutions. The emphasis will be on satisfactory preparation - no work, no marks. Repeating problems you have done in previous tutorials is also good practice for tests.

There is a limit of 20 to the number of places in each face to face tutorial. Signing up is on a "first come, first served" basis. If your first choice of time is full you will have to select an alternative. In cases of real difficulties, in contrast to mere preference, please email the paper convenor.

Tutorials commence in week 2.

Key to Tutorials: NAB - No Accounting Background are 100 minutes in duration and are for students who have not studied any accounting previously

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Required Readings

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Low, M., Davey, H., and Lawrence, S. (2021). Accounting at Work: In Business, Government & Society, 6th Edition. Edify Ltd

The print version can be purchased from the university bookshop.

The ebook is available from :https://www.vitalsource.com/en-au/products/accounting-at-work-mary-low-howard-davey-v9780947496425

(Students should purchase the 6th Edition of the prescribed text. There are significant differences between the editions.)

Academic research

Dai, J. and M. A. Vasarhelyi. 2017. Toward Blockchain-Based Accounting and Assurance. Journal of Information Systems. 31(3): 5-21

Endrawes, M., Feng, Z., Lu, M., & Shan, Y. (2020). Audit committee characteristics and financial statement comparability. Accounting & Finance, 60 (3): 2361-2395

Park, K. (2018). Financial reporting quality and corporate innovation. Journal of Business Finance & Accounting, 45(7-8): 871-894

Reading list for ACCTN101

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Explain how accounting contributes to effective management decision making
    Linked to the following assessments:
  • Evaluate how accounting impacts in organizations and society
    Linked to the following assessments:
  • Interpret financial statements with an awareness of their context and source
    Linked to the following assessments:
  • Apply basic costing, budgeting and quantitative modelling techniques
    Linked to the following assessments:
  • Demonstrate skills in creative problem solving and team work
    Linked to the following assessments:
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Assessments

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How you will be assessed

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Internal coursework:100%.

Assessment is by course work during the trimester. Your final mark and grade for the paper will be a weighted average of your course work marks.

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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
27 Mar 2023
1:00 PM
30
  • Hand-in: In Lecture
2. Management Accounting Test
29 May 2023
1:00 PM
30
  • Hand-in: In Lecture
3. Case Study
12 May 2023
5:00 PM
15
  • Online: Submit through Moodle
4. Tutorial homework
15
  • Online: Submit through Moodle
5. On-line Tests
Average of All
10
  • Online: Submit through Moodle
6. On-line Test Chapter 1
10 Mar 2023
10:00 AM
-
7. On-line Test Chapter 2
17 Mar 2023
10:00 AM
-
8. On-line Test Chapter 3
24 Mar 2023
10:00 AM
-
9. On-line Test Chapter 4
21 Apr 2023
10:00 AM
-
10. On-line Test Chapter 5
21 Apr 2023
10:00 AM
-
11. On-line Test Chapter 6
21 Apr 2023
10:00 AM
-
12. On-line Test Chapter 7
21 Apr 2023
10:00 AM
-
13. On-line Test Chapter 8
5 May 2023
10:00 AM
-
14. On-line Test Chapter 9
12 May 2023
10:00 AM
-
15. On-line Test Chapter 10
19 May 2023
10:00 AM
-
16. On-line Test Chapter 11
26 May 2023
10:00 AM
-
17. On-line Test Chapter 12
2 Jun 2023
10:00 AM
-
18. On-line Test Chapter 13
2 Jun 2023
10:00 AM
-
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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