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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.
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; and4. 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, and be able to critique existing practice.
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.
ACIS312, AFIS301, AFIS312, AFIS501.
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 XRB (i.e. IFRS). In addition students should endeavour to read business media and the business news in newspapers and other media (which are widely available online).
Domestic fee $845.00
International fee $3,975.00
* 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