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Students will develop an understanding of the structure and functions of general purpose financial reports from a reader's perspective. They will be introduced to current non-financial reporting issues such as the challenge of sustainability within business and society. Students will gain an introductory understanding of management accounting and business finance.
ACCT102 is a core course within the Bachelor of Commerce. It aims to introduce students to the broad functions of accounting and finance within business and society. Students examine how accounting and financial information is used, and reflect on the information needs of decision makers.For students not intending to major in accounting, taxation and accounting or finance, the course provides the understanding and skills to comprehend and apply accounting and financial information, including in specialising in the subject (e.g. marketing, management, economics) of their degree major.For students intending to major in accounting, taxation and accounting or finance, the course provides a broad overview of the range and scope of accounting and financial information within the business environment as a foundation for further study. ACCT102 and ACCT103 are co-requisites for aspiring accountants. Those student intent on an accounting or tax and accounting major who have done accounting at school are advised to take ACCT103 alongside ACCT102. Those students who haven't, and have no other accounting learning (e.g. from work experience) should complete ACCT102 first before enrolling for ACCT103.
Having engaged in learning during the course, students will be able to demonstrate an understanding (e.g. explain, discuss and apply) of:o The structure and functions of general purpose financial reports from a reader’s perspective.o Business finance techniques, including the time value of money, risk and return, project evaluation and the cost of capital.o Management accounting techniques, including cost volume profit, cost accounting systems, budgeting and control.This course is open to all students who have been admitted to the university: there are no pre-requisites.
ACIS102, AFIS101, AFIS102, AFIS111, AFIS122, AFIS132, AFIS188.
Beverley Lord
Debra Reed
Miller, Bob et al; ACCT102 accounting and financial information ; 2nd edition;
Students who do not purchased the textbook can get access to the online resources by purchasing a card from the bookshop.Please note that this textbook is regularly updated and you should ensure you have the current textbook.
Course Outline 2015 Outline Learn
Domestic fee $737.00
International fee $3,125.00
* 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 .