ACCT211-23S2 (C) Semester Two 2023

Financial Accounting

15 points

Details:
Start Date: Monday, 17 July 2023
End Date: Sunday, 12 November 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 30 July 2023
  • Without academic penalty (including no fee refund): Sunday, 1 October 2023

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.

ACCT211 builds upon the accounting knowledge gained in first year courses and extends its scope, particularly in regard to New Zealand’s adoption of International Accounting Standards. The main objective of the course is to undertake a detailed examination of the financial accounting and reporting practices of companies and other entities. Specifically, the course will cover some aspects of the following: the New Zealand regulatory framework, current issues in financial accounting, equity, assets, liabilities, accounting for leases and taxation, disclosure issues, and an introduction to group accounting.

Learning Outcomes

At the completion of this course it is expected that students will be able to:
1.  Demonstrate an awareness and understanding of current financial reporting issues within the New Zealand and international context.
2.  Demonstrate an understanding of the major features of the regulatory framework for financial reporting in New Zealand.
3.  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.
4.  Evaluate alternative accounting treatments in regard to recognition, measurement and disclosure for specific financial accounting related issues.
5.  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.

Prerequisites

Restrictions

ACIS211, AFIS211

Course Coordinator / Lecturer

Natasja Steenkamp

Lecturers

Rob Vosslamber and Peni Fukofuka

Assessment

Assessment Due Date Percentage 
Tutorial Participation 10%
Group Assignment 15%
Test 25%
Final Exam 50%

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

The Deegan textbook is available as an ebook or hard copy.

Course links

Learn

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* 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 ACCT211 Occurrences

  • ACCT211-23S2 (C) Semester Two 2023
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