7/27/2019 ACCTG211

1/3

Course Outline 2011ACCTG 211: FINANCIAL ACCOUNTING (15 POINTS)

Semester 1, 2013

Course PrescriptionThe study of financial accounting principles within New Zealand, to enable students to: (i)understand how they are developed and influenced; (ii) understand and apply New ZealandFinancial Reporting Standards; (iii) report the results of complex business structuresinvolving multiple entities and segments. Completing students will understand the rolefinancial statements play in investment, analysis and contracting decisions, providing a basefor advanced study and supporting other areas, particularly finance.

Programme and Course AdvicePrerequisite: ACCTG 102 or 192

Goals of the Course1. To learn to read and understand the structure of New Zealand International Financial

Reporting Standards.

2. To understand the setting and content of New Zealand International FinancialReporting Standards to a range of current financial reporting situations in NewZealand.

3. To apply the understanding gained above to solve practical real-world accounting problems.

4. To improve students communication skills, via the application problem solving ,design of multiple choice questions and assignment presentations.

Learning Outcomes By the end of this course it is expected that the student will be able to

1. describe the accounting standard setting process;2. identify the theoretical issues involved in each of the accounting standards selected

for study and the reasons for the position taken in each standard;3. demonstrate an understanding of the issues involved in accounting for selected assets,

liabilities, income, expenses and equity; and4. following from 1 3 above demonstrate an understanding of the financial reporting,

re the selected accounting standards, in the Income Statement, Balance Sheet, CashFlow Statement and notes.

7/27/2019 ACCTG211

2/3

Content OutlineWeek 1-2 The international accounting environment and company financial reporting

Week 3-4 Accounting for cash flows

Week 4-6 Accounting for provisions, contingent liabilities, debentures/bonds and eventsafter the reporting period

Weeks 6-8 Accounting for property, plant and equipment and intangible assets

Weeks 8-12 Accounting for equity interests in other entities

Weeks 12-13 Accounting for leases

Learning and TeachingDrop in clinics/office hours:

You should use this service for problems in the course work, but not to get answers toassignment questions. The clinics/office hours will operate from week 2 of the semester.Venues will be announced on Cecil.

Lectures and Tutorials: The lectures commence in Week 1 and run for thirteen weeks. There are two streams ( youmust attend the stream you enrolled in ) of three one-hour lectures.Lecture materials per topic will be posted on Cecil in advance of the lecture. You areexpected to download the materials and bring them along to the lectures. Please arrive ontime as it disrupts the lecture if you are late. There are lecture recordings but these are of limited use when the lecturer works through examples using the document camera.Tutorials commence in Week 2 and there will be a ten tutorial sessions in total (no tutorialsheld in Weeks 1, 4 and 13).In the tutorials questions will be worked through in detail. You are encouraged to participateand ask questions to increase your understanding of the material covered. Note that only brief solutions to these questions will be available on Cecil. To quote an A+ student Felt studentswho did not attend tutorials were at a major disad vantage.

Inclusive Learning:Students are urged to discuss privately any impairment-related requirements face-to-faceand/or in written form with the course coordinator.

Student Feedback: A review of feedback suggests the course is well structured and interesting, the work load ismanageable, and staff were approachable and helpful. No course problems therefore neededto be addressed. Past requests from the majority of students have been dealt with e.g. lecturesare now recorded.

Teaching Staff Chris Clarke course co-ordinatorOGGB Level 5 Room 561 (260:561), Email: ch.clarke@auckland.ac.nz

Julie Cao Mariela Carvajal G David Lau

mailto:ch.clarke@auckland.ac.nzmailto:ch.clarke@auckland.ac.nzmailto:ch.clarke@auckland.ac.nzmailto:ch.clarke@auckland.ac.nz

7/27/2019 ACCTG211

3/3

Learning ResourcesStudents will require the following course materials:

Required texts : Financial Accounting: Accounting 211 Custom Book, Pearson New Zealand, Edition 1.Compiling Author: Chris Clarke. The text will be available from the University Bookshoplate February 2013.

New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS). Thesestandards can also be downloaded individually from www.xrb.govt.nz .

Other useful text resources are:The library also holds a large collection of accounting texts. Topic 5, Accounting for Inter-corporate Investments are typically covered in advanced accounting texts. The remainder of the subjects will normally be found in Intermediate texts.

Cheating/PlagiarismThe University of Auckland will not tolerate cheating, or assisting others to cheat, and viewscheating (a form of plagiarism) in coursework as a serious academic matter. The work that astudent submits for grading must be the students own work, reflecting his or her learning.Work can be plagiarised from many sources, including books, journal articles, the internetand other students assignments . A students assessed work may be reviewed againstelectronic source material using computerised detection mechanisms. Upon reasonablerequest, students may be required to provide an electronic version of their work for computerised review.

AssessmentAssignments-Designing and answering multiple choice questions (MCQ) 10%-Four individual assignments 12%Mid-semester Test (1.5 hours) 18%Final examination (3 hours) 60%

LearningOutcome MCQ Assignments Semester Test

FinalExamination

1 - x x x

2 x x x x

3 x x x x

4 x x x x

http://www.xrb.govt.nz/http://www.xrb.govt.nz/http://www.xrb.govt.nz/http://www.xrb.govt.nz/