ACCTG 211 : Financial Accounting
Business and Economics
2021 Semester Two (1215) (15 POINTS)
Course Prescription
Course Overview
This course builds on the stage 1 courses ACCTG 101 Accounting Information and ACCTG 102 Accounting Concepts. ACCTG 211 reviews and interprets the recognition, measurement, and disclosure requirements of selected NZ IFRSs and includes the effects of these requirements on financial statements.
Capabilities Developed in this Course
| Capability 1: | Disciplinary Knowledge and Practice |
| Capability 2: | Critical Thinking |
| Capability 3: | Solution Seeking |
| Capability 4: | Communication and Engagement |
Learning Outcomes
- Compare and contrast the four major influences on the development and regulation of accounting around the world. (Capability 1 and 2)
- Demonstrate a specialised understanding of selected international accounting standards. Select appropriate data and prepare financial statements to illustrate the effects and requirements of: - NZ IAS 1 - NZ IAS 7 - NZ IFRS 16 - NZ IAS 16, 36 and 38 - NZ IFRS 3 and 10 - NZ IAS 28 (Capability 1, 2 and 3)
- Prepare a written report to illustrate and apply the requirements of NZ IAS 10. (Capability 1 and 4.2)
Assessments
| Assessment Type | Percentage | Classification |
|---|---|---|
| Assignments | 20% | Individual Coursework |
| PeerWise x 5 | 10% | Individual Coursework |
| Test | 25% | Individual Test |
| Exam | 45% | Individual Examination |
| 4 types | 100% |
| Assessment Type | Learning Outcome Addressed | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||||||
| Assignments | ||||||||||
| PeerWise x 5 | ||||||||||
| Test | ||||||||||
| Exam | ||||||||||
Workload Expectations
ACCTG 211 is a 15 point course and requires a commitment of 150 hours: 32 lecture contact hours, 10 tutorial contact hours and 108 self-study hours. This course requires students to take responsibility for their own learning; this may involve seeking appropriate help from academic staff. Students are expected to attend all classes (three to four hours per week) and complete their weekly self-study hours in order to nurture effective learning.
Learning Resources
There is no prescribed text for this course; the lecture materials are therefore comprehensive. All course materials will be made available on Canvas/Modules. The accounting standards (IFRS and IAS), covered in this course, can be downloaded (for free) from www.xrb.govt.nz.
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.
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 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 your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, 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 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.