ACCTG 102 : Accounting Concepts

Business and Economics

2020 Summer School (1200) (15 POINTS)

Course Prescription

Basic principles and concepts of accounting that underlie the production of information for internal and external reporting. This course provides the technical platform for second year courses in financial and management accounting, finance, and accounting information systems.

Course Overview

ACCTG 102 “Accounting Concepts” is designed to provide an introductory experience within the Accounting and / or Finance major that is all about experiential learning and learning by doing through offline and online mediums. This is therefore the more technical and practical of the two core Year 1 courses (ACCTG 101 and ACCTG 102) that all students must take in order to complete a major in Accounting and / or Finance. At the start of your major in Accounting and / or Finance, ACCTG 101 “Accounting Information” took a broad perspective in covering the central concepts in Accounting and Finance by providing a firm foundation for the rest of the major. Now, building on ACCTG 101, ACCTG 102 takes a similar big picture perspective, but this time by getting students to develop new knowledge related to basic principles and concepts of accounting that underlie the production of information for internal and external financial reporting. ACCTG 102 also provides the technical platform for second year courses in financial and management accounting, finance, and accounting information systems.

Course Requirements

Prerequisite: ACCTG 101

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity
Graduate Profile: Bachelor of Commerce

Learning Outcomes

By the end of this course, students will be able to:
  1. Describe and discuss the New Zealand Financial Reporting environment in relation to 'for-profit' businesses. (Capability 1 and 2)
  2. Apply specialised knowledge of the New Zealand Conceptual Framework for Financial Reporting to analyse and discuss business and accounting events. (Capability 1, 3 and 4.2)
  3. Apply specialised knowledge of the recurring processes in a typical accounting period cycle to analyse service and merchandising businesses. (Capability 2, 3 and 4.2)
  4. Describe the Goods and Services Tax (GST) system in New Zealand and analyse its effects on the processing of business / accounting events and financial reporting. (Capability 1 and 3)
  5. Use technology and cloud-based software tools to implement the design of basic accounting information systems to analyse business and accounting events. (Capability 3 and 5.1)

Assessments

Assessment Type Percentage Classification
Assignments 30% Individual Coursework
Mid-Semester Test 20% Individual Test
Final Exam 50% Individual Examination
Assessment Type Learning Outcome Addressed
1 2 3 4 5
Assignments
Mid-Semester Test
Final Exam

Workload Expectations

This summer school course is a standard 15 point course and students are expected to spend 20 hours per week involved in each 15 point summer school course that they are enrolled in.

Over the semester for this course, you can expect 32 hours of lectures, 10 hours of workshops, a minimum of 30 ~ 35 hours of reading and thinking about the content and a minimum of 40 ~ 50 hours of work on assignments, mid-semester test and final exam  preparation.

Learning Resources

Textbook

Weygandt, et.al., Financial Accounting, with International Financial Reporting Standards, 4e (Wiley, 2019).

Walk-in Help Centre

If you have any questions, the ‘walk-in’ help centre is available. Location and times will be announced on CANVAS.  

CANVAS

This course in Summer School does not have a printed course book. All course details, instructions and resources are only made online via CANVAS. You may access CANVAS to view announcements, view your coursework marks, download instructional materials, and access lecture recordings. Instructional materials include solutions to lecture, workshops, and assignment problems, past tests and exams and their solutions, and forms / resources for working certain assignment problems.

If you need help with CANVAS, you have three options:

1/ by website: https://community.canvaslms.com/community/answers/guides/

2/ by live chat: https://cases.canvaslms.com/apex/liveagentchat

3/ by CANVAS Support Hotline: 0800 001 469


Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website at http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page: https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter (https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html).

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 07/10/2019 12:46 p.m.