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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, leases, disclosure issues and group accounting.
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.
ACCT102 or ACIS102; and ACCT103 or ACIS103
ACIS211, AFIS211
Susan Wild
Rob Vosslamber
Deegan, Craig , Samkin, Grant; New Zealand financial accounting ; 6e [i.e. 6th ed.]; McGraw-Hill Australia, 2013 (Links to other required material, including the current XRB Accounting Standards, are provided on Learn).
Alfredson, Keith; Applying international accounting standards ; John Wiley & Sons, 2005.
Baker, Richard E. , Christensen, Theodore E., Cottrell, David M; Essentials of advanced financial accounting ; McGraw-Hill/Irwin, 2012.
Regular and wide ranging reading is recommended. Reading the required text and the appropriate financial reporting standards is the minimum requirement. Additional general reading, such as the business sections of local and international news sites and accounting journals in the Library, will help students to gain a wider grasp of financial accounting issues and their contexts.
Course Outline 2015 Outline Learn
Domestic fee $737.00
International fee $3,125.00
* 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 .