ACCT103-21S2 (C) Semester Two 2021

Accounting and Taxation: An Introduction

15 points

Details:
Start Date: Monday, 19 July 2021
End Date: Sunday, 14 November 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 1 August 2021
  • Without academic penalty (including no fee refund): Friday, 1 October 2021

Description

The course introduces taxation and accounting in the context of service, retail, manufacturing, tourism, farming and construction businesses. It includes the rudiments of bookkeeping and the preparation of reports about cash flows, profits and accumulating capital and wealth. It caters for accounting and taxation majors, and for entrepreneurially-minded students contemplating running their own businesses.

The course introduces taxation and accounting in the context of service, retail, manufacturing, tourism, farming and construction businesses. It includes the rudiments of bookkeeping and the preparation of reports about cash flows, profits and accumulating capital and wealth. It caters for accounting and taxation majors, and for entrepreneurially-minded students contemplating running their own businesses.

While attracting Bachelor of Commerce students who are majoring in Accounting or Taxation and Accounting, and have aspirations for membership of professional bodies of accounting (see Professional Body Academic Requirements below), ACCT103 is of wider interest inside the Commerce degree and outside, particularly for Law, Arts, Sciences, Humanities and Engineering students contemplating administering their small businesses. Students learn how to account for a variety of transactions and how to prepare financial reports in accordance with normal practices. For Commerce degree students, ACCT103 complements ACCT102’s financial information readership perspective.

Professional Body Academic Requirements
ACCT103 is a prerequisite course for ACCT211: Financial Accounting, ACCT212: Accounting Career Attributes and Skills, ACCT254: Introduction to Taxation, ACCT332: Advanced Management Accounting, and INFO243: Accounting Information Systems. These (and other) courses are essential for students wishing to complete the academic requirements of the Chartered Accountants of Australia and New Zealand (CA ANZ), the Certified Practising Accountants of Australia (CPAA), or the Association of Chartered Certified Accountants (ACCA), among others.   More information about professional body requirements is available under Accounting Institutes on the ACIS Department website and from the student advisors in the College Office.

Learning Outcomes

By the end of this course, the student should be able to:
1. Explain and apply accounting concepts and principles for general purpose financial reporting.
2. Explain and apply taxation concepts including taxable entities, income and capital.
3. Explain and apply the double entry system of bookkeeping.
4. Apply accounting software to record and analyse financial transactions.
5. Prepare cost and management control reports for organisations.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Employable, innovative and enterprising

Students will develop key skills and attributes sought by employers that can be used in a range of applications.

Biculturally competent and confident

Students will be aware of and understand the nature of biculturalism in Aotearoa New Zealand, and its relevance to their area of study and/or their degree.

Pre-requisites

Restrictions

ACIS103, AFIS101, AFIS103, AFIS111, AFIS121, AFIS131

Timetable 2021

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Monday 16:00 - 17:00 C2 Lecture Theatre
19 Jul - 29 Aug
13 Sep - 24 Oct
Lecture B
Activity Day Time Location Weeks
01 Wednesday 17:00 - 18:00 C2 Lecture Theatre
19 Jul - 29 Aug
13 Sep - 24 Oct
Lecture C
Activity Day Time Location Weeks
01 Friday 10:00 - 11:00 A1 Lecture Theatre
19 Jul - 29 Aug
13 Sep - 24 Oct
Tutorial A
Activity Day Time Location Weeks
01 Wednesday 09:00 - 10:00 James Logie 105
19 Jul - 29 Aug
13 Sep - 24 Oct
02 Wednesday 10:00 - 11:00 James Logie 105
19 Jul - 29 Aug
13 Sep - 24 Oct
03 Wednesday 11:00 - 12:00 James Logie 105
19 Jul - 29 Aug
13 Sep - 24 Oct
04 Thursday 13:00 - 14:00 Rehua 002 Lectorial
19 Jul - 29 Aug
13 Sep - 24 Oct
05 Thursday 14:00 - 15:00 James Logie 105
19 Jul - 29 Aug
13 Sep - 24 Oct
06 Thursday 15:00 - 16:00 Ernest Rutherford 225
19 Jul - 29 Aug
13 Sep - 24 Oct
07 Friday 13:00 - 14:00 A8 Lecture Theatre
19 Jul - 29 Aug
13 Sep - 24 Oct

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Friday 07:00 - 19:00 Online Delivery
13 Sep - 19 Sep

Course Coordinator

Christopher Akroyd

Lecturer

Adrian Sawyer

Tutor

Helen Wright

Assessment

Assessment Due Date Percentage 
Learning Reflections 15%
MYOB Project 20%
Mid-Semester Test 25%
Final Exam 40%

Textbooks / Resources

Recommended Reading

Carlon, Shirley; Financial accounting : reporting, analysis and decision making ; Sixth edition; John Wiley & Sons Australia, Ltd, 2019.

Course links

Learn

Notes

Note:  Students who have not studied accounting in high school should study ACCT102 first.

Indicative Fees

Domestic fee $831.00

International fee $3,875.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Accounting and Information Systems on the department and colleges page .

All ACCT103 Occurrences