ACCTG 102 : Accounting Concepts
Business and Economics
2023 Semester Two (1235) (15 POINTS)
Course Prescription
Course Overview
This course builds on the introduction to nancial accounting which begun in ACCTG 101/BUSINESS 114. Whereas ACCTG 101/BUSINESS 114 is designed for and required of all business majors and, as such, oers more of a "user" perspective to the broad areas of nancial accounting, management accounting, and nance, ACCTG 102, designed for and required of all Accounting and Finance majors, oers more of the "preparer" perspective required of such majors. ACCTG 102, anchored to the New Zealand Conceptual Framework for Financial Reporting and the International Financial Reporting Standards ("IFRS"), seeks to provide students with the ability to analyse 1) which business events should be recorded in the accounting records, 2) how they are recorded, and 3) how those events are summarised in nancial statements. ACCTG 102 aims to achieve these goals through active student engagement, primarily by having students engage in weekly problem solving.
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 |
| Capability 6: | Social and Environmental Responsibilities |
Learning Outcomes
- Describe and discuss the New Zealand financial reporting environment populated by "for-profit" companies that must follow IFRS. (Capability 1, 4.1, 4.2, 5.1, 5.2 and 6)
- Analyse and apply specialised knowledge of the New Zealand Conceptual Framework for Financial Reporting to business and accounting events. (Capability 1, 2, 4.2 and 5.2)
- Understand and apply specialised knowledge of the processes in an accounting period cycle for service and merchandising businesses. (Capability 1 and 4.2)
- Develop and demonstrate good problem solving skills. (Capability 2, 3 and 4.2)
- Demonstrate an understanding of the use of technology and cloud-based software tools to implement the design of basic accounting information systems to analyse business and accounting events. (Capability 1, 2, 3, 4.2 and 5.1)
- Develop and demonstrate an understanding of the importance of social and environmental responsibilities in relation to sustainability reporting. (Capability 1, 4.2 and 6)
Assessments
| Assessment Type | Percentage | Classification |
|---|---|---|
| Mid-semester Test | 20% | Individual Test |
| Final Exam | 50% | Individual Examination |
| Online Quizzes | 10% | Individual Coursework |
| Assignments | 20% | Individual Coursework |
| 4 types | 100% |
| Assessment Type | Learning Outcome Addressed | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |||||
| Mid-semester Test | ||||||||||
| Final Exam | ||||||||||
| Online Quizzes | ||||||||||
| Assignments | ||||||||||
Workload Expectations
This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.
For this course across the entire semester, you can expect 24 hours of live lectures, 11 hours of tutorials, 35 hours of self-study, reading and thinking about the content, 20 hours of tutorial problem preparation, and 60 hours of work on coursework, mid-semester assessment and final assessment preparation.
Delivery Mode
Campus Experience
Lectures and Tutorials will be held in an on-campus class environment and attendance is expected. The Lectures and Tutorials will also be available as recordings, noting that lecture recordings are meant to provide a backup, say for a missed class or for later study and revision purposes, as opposed to being a complete replacement for coming to classes.
In-person and online office hours will be on offer as additional support by the Course Lecturer and Tutors.
Exam timetables are normally published online during the mid-semester break of the relevant semester. At that point, you will also learn the mode for each of your exams, e.g., if it will be a remote/online exam, or an on-campus exam.
Study material will be released progressively throughout the course through Canvas.
The activities for the course are scheduled as a standard weekly timetable delivery.
This course runs to the University semester timetable and all the associated completion dates and deadlines will apply.
Learning 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.
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.
Improvements to the course stemming from student feedback will also be communicated through faculty staff-student consultative committees.
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.
Class Representatives
Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.
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 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.
Learning Continuity
In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.
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 students may be asked to submit 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. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.