ACCY 223:

MANAGEMEN
T
ACCOUNTING
Introduction & Welcome;
What is Management Accounting?
A FEW THINGS
BEFORE WE
BEGIN…

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What do YOU want to get from
this course?

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Class representative

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 TODAY’S
OBJECTIVES

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Class objectives

Introductions

Key information

Expectations

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INTRODUCTIONS

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Clare
Markham

Course Coordinator
& Lecturer

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Where I’m coming from

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Where I’m coming from: my
teaching philosophy

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 KEY
INFORMATION

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 Dr Clare Markham

• Weeks 1-6
• Email:
Clare.Markham@vuw.ac.nz
Contact • Office Hours: Wednesdays
information: 4.00-5.00pm, RH625
course AProf Martien
lecturers Lubberink
• Weeks 7-12
• Email:
Martien.Lubberink@vuw.ac.nz
• Office Hours: TBA

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 Ms Lee
Vassiliadis
Contact
information:
course • Email:
administrator Lee.Vassiliadis@vuw.ac.nz
• Office Hours: Mon - Fri
8.30am-5.00pm, RH705
(office closed 10.30-10.45am
and 3.30-3.45pm)

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Who do I contact
for…?
■ requesting consideration for exceptional
circumstances
■ assessment reconsideration
– course coordinator (Clare)
■ questions & clarifications about course
content
– lecturer
■ Weeks 1-6: Clare
■ Weeks 7-12: Martien

■ help with course content

– your tutor (Clare or Dimi)
■ changing tutorial (temporary or
permanent)
■ general enquiries
– course administrator (Lee)
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 Email etiquette –
manners matter!
■ Remember – this is a professional
communication!
– Give a meaningful subject line – include
ACCY223
– Include a salutation
■ E.g. ‘Dear Lee’, ‘Hi Martien’, Kia ora
Clare’
– Get to the point
■ Say why you are emailing & what you
want within the first or second sentence
■ Then add more detail (if needed)
– Use (semi-)formal language
■ No txt-speak
– Sign off properly
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Communication of
course information?

■ _____ lectures
■ On ____________

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Blackboard
■ THE place for information,
updates, materials, etc.
– Know your
____________
– __________ regularly
– Watch for
__________________
■ https://blackboard.vuw.ac.nz/

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Forwarding email
How to forward your VUW email to your personal email

1. go to MyTools on VUW website.

2. login to Office365 and select Outlook.
3. open settings (the cogwheel icon on top right hand corner).
4. select 'Mail' under the heading 'Your app settings’.
5. select 'Forwarding' under 'Accounts' in the left hand column.
6. select 'Start forwarding' and enter your preferred email address. 20
Course outline
■ Accessible through Blackboard

– read this and familiarise

yourself with its contents
■ What follows is only an
overview

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Mandatory course
requirements

■ Complete & submit a genuine

attempt at both assignments

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EXPECTATIONS

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Course Learning Objectives

■ Students who pass this course will be able to :

1. Explain the role of management accounting in
organisations;
2. Demonstrate the use of alternative costing techniques;
3. Understand the principles and use of standard costing
and variance analysis and their behavioural
implications; and
4. Use management accounting techniques for short term
decision making.

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Essential prerequisites

– ACCY111 (or equivalent) and

– ACCY115 and
– ECON130
– CVP analysis; Budgeting; Investment appraisal
– Theory of the firm; Alternative market structures (monopoly, etc.);
Competitive behaviour

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Bloom’s taxonomy of learning
(revised)

Anderson, L. W. & Krathwohl, D.R., et al (2001)

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HOW ACCY223
WORKS
(see also pp. 5-7, CMB)

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Course Materials
■ Course Material Book (aka CMB)
– Contains assignments and tutorials, useful information, practice
questions
– Available on Blackboard
■ Set text
– Eldenburg et al., (2020). Management Accounting. (4th ed), Wiley.
■ Additional Readings
– Available via Blackboard
■ Lecture handouts & class examples
– Available on Blackboard before class
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Tutorials
■ Eight tutorial sessions
■ Start Week 2 (w/b 1 March)
■ Sign-up opens tomorrow (Tuesday 23 Feb) 12.30pm
■ All questions (cases) in CMB
■ Need to work through case before tutorial
■ Solutions posted on Blackboard at the end of following week
■ Don’t just ‘attend’ – go prepared and participate

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CMB
p. 9

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 Click icon to add picture

ASSESSMEN
T

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Assessments
■ 2 mini-case assignments due by 2pm on :
– Assignment 1: Tuesday 17 March = Pronurse Ltd
(Revision of Break-even Analysis)
■ Formative – feedback only
– Assignment 2: Tuesday 28 April = GNK Ltd
(Special Order Case)

Summative assessment:
■ Test 1 in Week 5: Weighting 25%
– 5pm Thursday 25 March 2021
■ Assignment 2 (report format): Weighting 10%
■ Test 2 in Week 8: Weighting 25%
– 5pm Thursday 29 April 2021
■ Final 2-hour test: Weighting 40%
– during assessment period: 4 June - 19 June 2020 (inclusive)
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Questions?

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INTRODUCTION TO
MANAGEMENT
ACCOUNTING
A refresher

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Cost accounting & management
accounting
• financial AND non-
Cost accounting: financial _____________
“method for measuring • used for both __________
the cost of a project, AND management
process, or thing” accounting

• most frequently used by

Management decision makers
accounting ________________ to
organisation

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 What is Management Accounting?

“… the process of gathering,

_______________ and reporting
financial and non-financial
information used internally by
managers to _______________”
Eldenburg et al., 2019 p.4

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Overview of management
decision-making

(textbook fig. 1.1)

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■ Core ________________ and ideology which
guides an entity’s:
– overall direction
– approach to its __________________

Organisational vision
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Organisational
strategies
■ ____________ managers use to
work toward organisational vision,
taking ________________ of core
competencies
– ____________ in nature
■ Include:
– organisation structure
– financial structure
– long-term resource
allocation

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Operating plans
■ ______________ organisational
strategies
■ “specific short-term
______________ that shape
organisation’s day-to-day activities”
(textbook, p. 4)
– includes
■ specific performance
_________________
– e.g. budgeted revenues and
costs

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3 ‘M’s of management
decision-making
■ _____________, monitor, ____________
– measure __________ of operations to monitor
_______________ and ensure in line with
organisational vision
■ results may prompt re-think of organisational vision
or core competencies
– structure __________________ to motivate
desired actions

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Key issue

■ Management Accounting may be put to different

_________________: manipulated and distorted
to further _________ of particular groups within
organisation

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NEXT TIME…
Different costs for different purposes

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