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The course develops further understanding of financial accounting issues for companies and other entities in their New Zealand and international context. Topics include: the NZ regulatory environment; profit determination; presentation of financial statements including group accounts; current issues in financial accounting.
The main objective of the course is to undertake a detailed examination of the financial accounting and reporting practices laid out by New Zealand’s adoption of International Financial Accounting Reporting Standards (IFRS), the New Zealand regulatory framework, current issues in financial accounting, reporting of equity, assets and liabilities, accounting for leases, disclosure issues, and an introduction to group accounting.
In this course the students obtain the opportunity to:Extend at 200-level the foundation of accounting knowledge developed in 100-level accounting courses, which can be built on in later papers within the degree programme;Develop analytical thinking and problem solving skills, group work, and oral and written communication;Consider current issues in financial accounting which include the following learning goals (LG):LG1 Demonstrate an awareness and understanding of current financial reporting issues within the New Zealand and international contexts;LG2 Demonstrate an understanding of the major features of the regulatory framework for financial reporting in New Zealand;LG3 Demonstrate an understanding of the New Zealand equivalents to the International Financial Reporting Standards relating to the accounting requirements for a range of topics covered in the course;LG4 Evaluate alternative accounting treatments in regard to recognition, measurement and disclosure for specific financial accounting related issues;LG5 Demonstrate an understanding of the principles and application of group accounting methods.
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.
Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.
ACCT102 and ACCT103
THIS COURSE WILL START ON MONDAY 16 NOVEMBER 2020
McGraw-Hill Education, 2019.
Required Text:XRB Accounting Standards and Standards Framework: Electronic copies are accessible from the XRB website: http://xrb.govt.nz/site/Accounting_Standards/Current_Standards/default.aspx
Domestic fee $822.00
International fee $3,688.00
* 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.