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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.
Having engaged in learning during the course, students will be able to demonstrate an understanding (e.g. explain, discuss and apply) 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; Explain and apply job costing and process costing; and Taxation theory, the concept of income, and residency for taxation purposes.
ACCT102 or ACIS102
ACIS103, AFIS101, AFIS103, AFIS111, AFIS121, AFIS131
Keith Dixon
Bob Miller , Andrew Maples and Susan Wild
David Ma
Assessment Due Dates:* Tutorial Participation & Reflection: Weekly on Thursdays* Term 1 Assessment - Friday 21 March 2014* Term 2 Assessment - Friday 16 May 2014* Final Examination - After 15 June 2014
Miller, Bob. , Reed, Deb., Kuruppu, Sanjaya; ACCT102 accounting and financial information ; Pearson, 2012 (The required ACCT102 textbook).
Mitrione, Lorena; Principles of financial accounting ; 3rd ed; John Wiley and Sons Australia, 2013.
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 Outline 2014 outline Learn
Domestic fee $709.00
International fee $3,063.00
* 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 .