Overview
Decision Making is a stand-alone textbook/workbook that has been specifically developed to meet the requirements of Achievement Standard 91408 (3.5), introduced in 2013.
The first chapter provides comprehensive coverage of the decision process, types of information, the theory of budgeting and the preparation of cash budgets. Chapter 2 discusses relevant cost concepts and breakeven analysis. The focus throughout is on the use of financial and non-financial information to make decision decisions.
The text if fully explained with comprehensive worked examples, interspersed with graduated activities that develop students’ skills and confidence as the topic progresses. The final activities are practice exercise that focus on the skills required by the external assessment.
Solutions to all of the exercises are provided in the Teachers' Guide, which is an overprinted version of the student edition available for separate purchase.
Chapter 1 – Budgeting
1 Making Business Decisions
2 Types of Budget
3 More Complex Cash Budgets
Chapter 2 – Cost-Volume Profit Analysis
1 Cost Behaviour
2 Breakeven Analysis
3 Making Decision
Lilian Viitakangas is an educational consultant. She was a Senior Tutor at The University of Auckland, where she specialised in teacher education and the teaching of introductory accounting courses. Formerly HOD Business Studies at Glenfield College, Lilian has more than twenty years’ teaching experience spanning secondary, tertiary and adult education both in New Zealand and overseas. Lilian is a former examiner for University Entrance, Bursaries and Scholarships, the New Zealand Education & Scholarship Trust and the Sixth Form External Examination in accounting.
Alastair Campbell is a Specialist Classroom Teacher and HOD Business Studies at Macleans College. He has an extensive business background in accounting, sales and marketing and is an experienced marker of external accounting examinations at various levels.