ACCT311-23S1 (C) Semester One 2023

Financial Accounting: Theory & Practice

15 points

Start Date: Monday, 20 February 2023
End Date: Sunday, 25 June 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 5 March 2023
  • Without academic penalty (including no fee refund): Sunday, 14 May 2023


How is financial accounting information created and communicated? What purposes does it serve? Who uses the information and how? What are the roles of theory and practice in this process? How do agents influence this process and what are their motives? - The course explores topics such as standard setting, accounting allocations, wealth creation, revenue recognition, equity valuation and bankruptcy prediction. The topics follow matters that have been debated for some time and which remain central to financial accounting discourse. The objective of the course is for students to be able to demonstrate advanced knowledge of these contemporary accounting issues and challenges.

This course presents conceptual underpinnings and pragmatic analyses of some of the important and fundamental aspects of accountancy, such as the evolution of accounting thought, accounting regulation, income measurement and ethics.  At the conclusion of the course students will have read more widely in accountancy and will have acquired a deeper and more critical appreciation of what defines contemporary accounting practice, and what it is that should define the nature, scope and future of accountancy.  Students will be encouraged to challenge the conventional wisdom and practices of accountancy and to highlight significant issues that arise from financial reporting.

Learning Outcomes

In ACCT311 students will be given the opportunity to:
* demonstrate advanced knowledge of their selected subject major, informed by the broader context of commerce.
* use analytical thinking and problem-solving skills to address specific problems.

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.



AFIS301, ACIS311, AFIS311, AFIS501.

Course Coordinator / Lecturer

Michael Falta


Assessment Due Date Percentage 
Final Test 50%
Test 50%

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 ACCT311 Occurrences

  • ACCT311-23S1 (C) Semester One 2023