Topical Accounting Issues

AS 91481 – Accounting 2.5

Presented by Elizabeth Pitu

Accounting matrixConceptual Processing Reporting Interpretation Decision-making Systems

AS90976 1.1Concepts 3 credits X

AS90977 1.2Processing cash. 5 credits I

AS90978 1.3Financial statements 5 credits X

AS90980 1.5Interpretation 4 credits X  

AS90981 1.6Individual/group decision. 3 credits I

AS90982 1.7Cash management 4 credits I

AS90979 1.4Community organisations4 credits I

AS91174 2.1Concepts. 4 credits X

AS91175 2.2Processing software. 4 credits I

AS91176 2.3Financial statements 5 credits X

AS91177 2.4Interpretation 4 credits X

AS91481 2.5Topical issue decision making 4 credits I

AS91179 2.6Accounts receivable.3 credits I

AS91386 2.7Inventory.3 credits I

AS91404 3.1Reporting entity concepts4 credits X

AS91405 3.2Partnerships 4 credits I

AS91406 3.3Company financial statements. 5 credits X

AS91407 3.4Annual report 5 credits I

AS91408 3.5Management accounting4 credits X

AS91409 3.6Job costing 4 credits I

AS 91481 Demonstrate understanding of a topical accounting issue for decision making

Achievement Achievement with Merit

Achievement with Excellence

Demonstrate understanding of a topical accounting issue for decision-making.

Demonstrate in-depth understanding of a topical accounting issue for decision-making.

Demonstrate comprehensive understanding of a topical accounting issue for decision-making.

PurposeAchievement Standard 91481 (internal 4 credits)Demonstrate understanding of a topical accounting issue for decision-making • This achievement standard provides students

with an opportunity to explore relevant current/topical accounting issues for decision making.

• It provdies students with an opportunity to use a social inquiry approach to their learning:

Social inquiry allows students to:• ask questions, gather information and

background ideas, and examine relevant current issues

• explore and analyse people’s values and perspectives

• consider the ways in which people make decisions and participate in social action

• reflect on and evaluate the understandings they have developed and the responses that may be required. Source NZC page 30

Teaching and learning• Student centered• Teacher facilitated• Class, group or individual activity• Presentation options

Focus on decision-making• The focus of this standard

is on decision-making, ie the factors the entity takes into account when making a decision

• An actual decision is not required

Unpacking Excellence• Demonstrate comprehensive understanding

involves justifying how a topical accounting issue impacts on decision-making for an entity, incorporating financial and non-financial information by:– justifying why the issue is important to the

entity– justifying how and why the issue affects

decision-making by the entity– drawing a conclusion that justifies the

importance of the issue to the entity’s decision-making.

Topical accounting issues• A topical accounting issue is

any issue that impacts on the decision-making of the entity

• The issue will have both financial and non-financial aspects impacting on the decision-making

• The issue will have importance to the decision-making of the entity

Entities• The CoA list a wide range of

possible entities including individuals/whanau, schools, community organisations, councils, businesses

• In selecting an entity consider student engagement with the issue and the entity

• Give students a choice

Student as the entity• Student loans for example

are highly relevant for most students planning tertiary study

• Stay at home/go away for tertiary study is another issue relevant to students which can be explored

Sustainability

• Any entity can be chosen• Sustainability can be broad

such as being part of ‘Clean Green New Zealand’ or ‘100% pure New Zealand’ or narrow such as recycling (household) rubbish or setting up a worm farm or deliberate energy/fuel savings

Example Going solar• A number of New Zealand

households, particularly those in rural areas far from the nearest power pole delivering electricity are choosing partial or even full solar energy options for their homes.

• A Ruapuke couple has done just that.

Sustainable business considerations

A Māori perspective• Kaitiakitanga and Iwi treaty settlements of

land and/or money and/or other assets• Geothermal partnerships between local Māori

and Mighty River Power or Contact Energy• Tainui’s plans for an inland port and 50 year

development at Ruakura

Thank you• Please feel free to email me if you have any

questions about this session:e.pitu@auckland.ac.nz

• I trust you have learned something.

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