ACCT103-13S1 (C) Semester One 2013

Introduction to Financial Accounting

15 points

Details:
Start Date: Monday, 18 February 2013
End Date: Sunday, 23 June 2013
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 3 March 2013
  • Without academic penalty (including no fee refund): Sunday, 19 May 2013

Description

Accounting processes, preparation and analysis of financial reports, the reporting framework. The course aims to introduce students intending to major in accounting to the essential techniques of financial accounting.

ACCT103 aims to introduce students, who intend to major in accounting, to the essential techniques of financial accounting.  Building on ACCT102’s reader’s perspective, ACCT103 presents a preparer’s perspective on financial reporting.  Students will learn how to account for a variety of transactions, how to prepare financial reports in accordance with General Accepted Accounting Practices, and how to analyse and interpret financial reports.  Topics covered in ACCT103 include: Double-entry book-keeping; Accrual accounting; NZ Regulatory Framework; Accounts receivable; Inventory; Non-current assets; Liabilities; Preparation of financial reports; Analysis and interpretation of financial reports;  and Introduction to taxation.

Learning Outcomes

  • Upon completing ACCT103, students will be able to demonstrate an understanding of:

  •  Double entry book-keeping and the preparation of general purpose financial reports, including statements of cash flow;
  •  Accounting for inventory and receivables, property, plant and equipment, and liabilities within the regulatory framework for general purpose financial reports;
  •  Financial statement analysis to examine the profitability and risk of organisations; and
  •  Taxation theory, the concept of income, and residency for taxation purposes.

Prerequisites

ACCT102 or ACIS102 or AFIS102 or AFIS188

Restrictions

ACIS103, AFIS101, AFIS103, AFIS111, AFIS121, AFIS131

Course Coordinator

Michael Gousmett

Assessment

Assessment Due Date Percentage 
Tutorial Preparation and Participation 10%
Online Quizzes 10%
Mid Semester Test 40%
Final Examination 40%

Textbooks / Resources

Required Texts

Mitrione, Lorena; Principles of financial accounting ; 3rd ed; John Wiley and Sons Australia, 2013.

Recommended Reading

Institute of Chartered Accountants of New Zealand. , New Zealand Institute of Chartered Accountants; Applicable financial reporting standards : New Zealand equivalents to international financial reporting standards ; Institute of Chartered Accountants of New Zealand.

Course links

Course Outline 2013 Outline
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Indicative Fees

Domestic fee $682.00

International fee $3,000.00

* 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 .

All ACCT103 Occurrences

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