Unit 5: Management Accounting

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Accountancy is more than just calculating profit and loss. Management accountants help make tough financial decisions that help shape the future of a business.
Basic activities (computer-graded)

Reading Activity: Management Accounting

Students will be able to correctly answer true/false questions after reading and listening to topical short articles and dialogs featuring topical vocabulary.

Most businesses are aware of the value of highly skilled accountants, as their knowledge can save the company money. However, a lot of companies forget that good accountants can actually help in increasing revenue and decreasing overheads as well. Accountancy is much more than recording financial transactions in order to calculate profit or show the tax liability of a company. Management… Continue

Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Advanced activities (optionally teacher-graded)
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Speaking Practice Activity

Students will be able to speak and record 5 example sentences from the unit vocabulary and then submit them for grading by the classroom teacher. If no teacher is available or desired, then the students will be shown good examples of other students' work.

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The company expected costs to be 100,000 but the actual costs were 120,000 so the director asked about the reason for the variance.
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AOL's takeover of Time Warner was one of the largest acquisitions in business history.
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It is important to minimize the risk to a company by having all the relevant information before making a decision.
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The accounting period for tax reporting is 12 months from the 1st of January.
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In an attempt to try and reduce overheads the company switched water suppliers and cancelled the 'free lunch' programme for staff.

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Writing Practice Activity

Students will write a short essay to be graded by the teacher. If no teacher is available or desired, then the student is shown previous examples of other writings by students.

  • How can management accountants help a business?
  • Do you agree that management accounting is more valuable to a company than financial accounting? Why / why not?
  • 'Accounting records the past while management accounting predicts the future' Do you agree? Why / why not?
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