Department of Accounting & Information Systems
Room 417, Business & Law Building
Phone: 364 2620
ACCT 222-14S1 College of Business and Law
It is the student's responsibility to retain all course outlines for any future applications for credit transfer to other universities, for membership of professional bodies and for jobs.
We recommend you retain this outline as a pdf.
ACCT 222 2014 Course Outline Page 1
1. OBJECTIVES OF THE COURSE
"Managers use cost and management accounting information to help them make different types of decisions. These include developing organisational strategies, creating operating plans, and monitoring and motivating organisational performance. Higher-quality decisions are achieved by using higher-quality relevant information and decision-making practices."
Eldenburg et al. (2011, p. 2)
"Management accounting is the process of gathering, summarising and reporting financial and non-financial information used internally by managers to make decisions."
Eldenburg et al. (2011, p. 6)
"Ultimately, the challenge for management accountants and the management accounting function is to ensure that the organisational decision-making needs are appropriately matched with the available management techniques, tools and practices."
Eldenburg et al. (2011, p. 9)
These quotes highlight the vital role of the management accountant in providing information for managers. ACCT 222 examines techniques and practices that management accountants can use in order to provide relevant information to help managers to make decisions.
ACCT 222: Management Accounting is both content and skills driven. The objectives of the course are:
a. To provide students with an understanding of management accounting theory and practice, including: Costing of products and services; Using management accounting information for decision-making; Planning and budgeting; Management control; Revenue management and pricing; and Performance measurement and evaluation
b. To build the generic skills of students including: Oral and written communication; Critical and conceptual thinking; Problem-solving; and Analytical skills
Prerequisite: ACCT 102 or ACIS 102
Restriction: ACIS 222
ACCT 222 is an essential course for those students wishing to complete the academic requirements of the New Zealand Institute of Chartered Accountants (NZICA). Also, ACCT 222 is a prerequisite course for ACCT 332: Advanced Management Accounting. Upon successful completion of ACCT 222 and ACCT 332, students will be able to demonstrate an understanding of contemporary management accounting theory and practice.
By successfully completing ACCT 222, students are also partially achieving the Learning Goals set out in the Bachelor of Commerce's Graduate Profile, in particular being able to "demonstrate advanced knowledge of your selected subject major, informed by...