Sunteți pe pagina 1din 3

Course Outline 2011 ACCTG 211: FINANCIAL ACCOUNTING (15 POINTS) Semester 1, 2013

Course Prescription The 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 Zealand Financial Reporting Standards; (iii) report the results of complex business structures involving multiple entities and segments. Completing students will understand the role financial statements play in investment, analysis and contracting decisions, providing a base for advanced study and supporting other areas, particularly finance. Programme and Course Advice Prerequisite: ACCTG 102 or 192 Goals of the Course 1. 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 Financial Reporting Standards to a range of current financial reporting situations in New Zealand. To apply the understanding gained above to solve practical real-world accounting problems. To improve students communication skills, via the application problem solving, design of multiple choice questions and assignment presentations.

3.

4.

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; and 4. following from 1 3 above demonstrate an understanding of the financial reporting, re the selected accounting standards, in the Income Statement, Balance Sheet, Cash Flow Statement and notes.

Content Outline Week 1-2 The international accounting environment and company financial reporting Week 3-4 Week 4-6 Weeks 6-8 Weeks 8-12 Accounting for cash flows Accounting for provisions, contingent liabilities, debentures/bonds and events after the reporting period Accounting for property, plant and equipment and intangible assets Accounting for equity interests in other entities

Weeks 12-13 Accounting for leases Learning and Teaching Drop in clinics/office hours: You should use this service for problems in the course work, but not to get answers to assignment 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 (you must 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 are expected to download the materials and bring them along to the lectures. Please arrive on time 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 tutorials held in Weeks 1, 4 and 13). In the tutorials questions will be worked through in detail. You are encouraged to participate and 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 students who did not attend tutorials were at a major disadvantage. Inclusive Learning: Students are urged to discuss privately any impairment-related requirements face-to-face and/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 is manageable, and staff were approachable and helpful. No course problems therefore needed to be addressed. Past requests from the majority of students have been dealt with e.g. lectures are now recorded. Teaching Staff Chris Clarke course co-ordinator OGGB Level 5 Room 561 (260:561), Email: ch.clarke@auckland.ac.nz Julie Cao Mariela Carvajal G David Lau

Learning Resources Students 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 Bookshop late February 2013. New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS). These standards 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 Intercorporate Investments are typically covered in advanced accounting texts. The remainder of the subjects will normally be found in Intermediate texts. Cheating/Plagiarism The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating (a form of plagiarism) in coursework as a serious academic matter. The work that a student 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 internet and other students assignments. A students assessed work may be reviewed against electronic source material using computerised detection mechanisms. Upon reasonable request, students may be required to provide an electronic version of their work for computerised review. Assessment Assignments -Designing and answering multiple choice questions (MCQ) -Four individual assignments Mid-semester Test (1.5 hours) Final examination (3 hours)

10% 12% 18% 60%

Learning Outcome 1 2 3 4

MCQ x x x

Assignments x x x x

Semester Test x x x x

Final Examination x x x x

S-ar putea să vă placă și