ACCT312-12S2 (C) Semester Two 2012

Advanced Financial Accounting

15 points

Details:
Start Date: Monday, 9 July 2012
End Date: Sunday, 11 November 2012
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 22 July 2012
  • Without academic penalty (including no fee refund): Sunday, 7 October 2012

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; it specifically considers critical aspects of financial reporting, focusing on key financial reporting standards and controversial issues relating to those topics.

Learning Outcomes

Upon completing this course, students will be able to:
*  Understand the key requirements of the NZ Equivalents to International Financial Reporting Standards; IFRS 2, "Share Based Payments"; 12, "Income Tax"; 36, "Impairment of Assets"; and 38, "Intagible Assets"; 32, 39 and IFRS 7, Financial Instruments.
*  Understand critical issues in the application of financial reporting standards.
*  Understand the existing and proposed financial reporting framework in New Zealand.
*  Understand of basic accounting theory and how it impacts on accounting practice.
*  Understand the issues relating to triple bottom line reporting, sustainable development, and reporting for charities.
*  Correctly account for foreign exchange and understand the impact it has on the financial statements.
*  Undertake a financial analysis of an organisation.

Prerequisites

ACCT211 or ACIS211 or AFIS211

Restrictions

ACIS312, AFIS301, AFIS312, AFIS501.

Course Coordinator / Lecturer

Bill Foster

Lecturers

Bob Miller , Oliver Hille and Susan Wild

Assessment

Assessment Due Date Percentage 
Term Test 35%
Final Examination 65%

Textbooks / Resources

Required Texts

Alfredson, Keith; Applying international financial reporting standards ; Enhanced ed; John Wiley & Sons, 2007.

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 New Zealand Institute of Chartered Accountants.  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

Course Outline
Learn

Indicative Fees

Domestic fee $655.00

International fee $2,888.00

* 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 on the departments and faculties page .

All ACCT312 Occurrences

  • ACCT312-12S2 (C) Semester Two 2012
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