ACCT312-21S2 (C) Semester Two 2021

Advanced Financial Accounting

15 points

Details:
Start Date: Monday, 19 July 2021
End Date: Sunday, 14 November 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 1 August 2021
  • Without academic penalty (including no fee refund): Friday, 1 October 2021

Description

Develops advanced understanding and abilities in aspects of financial accounting, including financial instruments, tax effect accounting and foreign exchange.

This course builds upon the knowledge gained from first and second year courses in accounting, and specifically considers various aspects of financial reporting. The course integrates theory, financial accounting standards, mechanical aspects of number crunching, relevant current activities taking place in the business environment, and research evidence on accounting issues, to provide students with a good understanding of why accounting is practised the way it is, while also focusing on key financial reporting standards and controversial issues relating to those topics.

Learning Outcomes

By the end of this course it is expected that students will be able to:

1. Explain a range of rationales for choices of accounting policies by preparers of financial statements;
2. Evaluate (local and international) financial accounting-related issues;
3. Understand and apply the New Zealand equivalents to the International Financial Reporting Standards for a range of advanced topics covered in the course; and
4. Explain aspects of non-financial reporting and other contemporary accounting issues covered in the course.

In summary, students should be able to demonstrate an understanding and awareness of advanced financial reporting and analysis within New Zealand and international contexts.

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

ACIS312, AFIS301, AFIS312, AFIS501.

Timetable Note

Note:  Not all the streams will necessarily be offered.

Lecturer

Rob Vosslamber

Assessment

Assessment Due Date Percentage 
Quizzes 15%
Group Assignment 15%
Mid-semester test 22%
Final Exam 48%

Textbooks / Resources

At the advanced level of this course students are expected to read widely, following the references given in the handouts and in lectures, and the pronouncements by the Chartered Accountants Australia and New Zealand.  In addition students should endeavour to read business newspapers, such as National Business Review or The Independent and Unlimited has interesting business-related articles.

Course links

Learn

Indicative Fees

Domestic fee $831.00

International fee $3,875.00

* 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 .

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