BUSMGT 713 : Financial Reporting and Control

Business and Economics

2024 Quarter One (1242) (15 POINTS)

Course Prescription

Focuses on essential accounting knowledge for effective resource allocation and for quantifying, assessing, and communicating information about the health of the enterprise.

Course Overview

This course equips students with essential skills in accounting, enabling them to prepare and interpret financial statements, provide analysis and advice to equity investors and management concerning costs, revenues and profit relationships, and prepare relevant reports for planning and control requirements.

The course introduces the concept of how accounting information is processed, and how accounting information systems provide relevant information to decision-makers, both inside and outside the firm. Students learn fundamental skills to analyse organisation performance, make informed decisions, and critically assess financial statements when evaluating organisation performance.

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Graduate Profile: Master of Management

Learning Outcomes

By the end of this course, students will be able to:
  1. Explain the fundamental principles underlying accounting and the differences between cash and accrual accounting based accounting systems (Capability 1 and 2)
  2. Carry out all the required steps in the accounting cycle underlying an accounting information system; and analyse the key components of annual reports (Capability 2 and 3)
  3. Apply the tools to support management control functions, and to implement cost analysis and provide solution and suggestion to management to address business operation concerns (Capability 2 and 3)
  4. Evaluate management use of costing information and cost allocation, and use relevant costing to support decision-making. (Capability 1, 2 and 3)

Assessments

Assessment Type Percentage Classification
Quizzes 5% Individual Coursework
Test Mid-term 35% Individual Test
Test Final 40% Individual Test
Assignment 20% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4
Quizzes
Test Mid-term
Test Final
Assignment

Workload Expectations

This course is a standard 15 point course; students are expected to spend 15 hours per week on this course.

For this course, you can expect 15 hours of lectures, 20 hours of tutorials, 20 hours of TBLs and 95 hours of self-study. The self-study activities include required readings, the case study, problem solving and preparing the assessments. Students are strongly encouraged to seek assistance from the Business Communications Team (BCT) 48 hours prior to the submission date.

Delivery Mode

Campus Experience

Attendance is expected at scheduled activities including tutorials and TBLs to complete all the components of the course.
Lectures will be available as recordings. Other learning activities including tutorials and TBLs will not be available as recordings.
The course will not include live online events.
Attendance on campus is required for the tests.
The activities for the course are scheduled as a standard weekly timetable.

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.

The following textbook is recommended for the course:  Marshall, D. H., McManus, W. W. and Viele, D. F. (2020). Accounting: What the Numbers Mean (12th ed.). New York: McGraw Hill. 

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.

No changes have been identified as necessary based on student feedback from 2022.

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 for potential plagiarism or other forms of academic misconduct, 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.

Published on 02/11/2023 08:42 a.m.