ACCT211-20SU2 (C) Summer Nov 2020 start

Financial Accounting

15 points

Details:
Start Date: Monday, 9 November 2020
End Date: Sunday, 13 December 2020
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 13 November 2020
  • Without academic penalty (including no fee refund): Friday, 27 November 2020

Description

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.

Learning Outcomes

  • 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.
    • 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.

      Globally aware

      Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.

Pre-requisites

Restrictions

ACIS211, AFIS211

Timetable Note

THIS COURSE WILL START ON MONDAY 16 NOVEMBER 2020

Course Coordinator

Michael Falta

Lecturer

Michael Falta

Assessment

Assessment Due Date Percentage 
Group Assignment 07 Dec 2020 20%
Test 27 Nov 2020 40%
Final Exam 40%

Textbooks / Resources

Required Texts

Deegan, Craig; Financial accounting; 9th edition; 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

Indicative Fees

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.

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