Due to COVID-19 restrictions, a selection of on-campus papers will be made available via distance and online learning for eligible students.
Find out which papers are available and how to apply on our COVID-19 website
A foundation for further studies in accounts preparation. Examines underlying concepts, principles and techniques of financial accounting and reporting.
This paper is designed as a pre-requisite for students wanting to continue into 200 level accounting courses. It reviews the basic concepts, principles and techniques of financial accounting. Its focus is on preparing financial statements using the double entry system. This enables a deeper examination and evaluation of basic financial reports than was possible in BSNS 115. Further, this offers an introduction to some of the current issues relating to accounting and accountability.
|Paper title||Principles of Accounting|
|Teaching period(s)||First Semester, Second Semester|
|Domestic Tuition Fees (NZD)||$872.70|
|International Tuition Fees (NZD)||$4,405.05|
- BSNS 107 or BSNS 115
- Schedule C
- More information link
- For further information, please email firstname.lastname@example.org.
- Teaching staff
- Paper Structure
- This paper is a prerequisite for students wanting to continue into 200-level accounting papers. It presents basic concepts, principles and techniques of financial accounting, including the double-entry system. The paper enables a deeper examination and evaluation of basic financial reports than was possible in the previously offered paper BSNS 115 Accounting and Information Systems, and it offers an introduction to some of the current issues relating to accounting.
- Teaching Arrangements
- This paper is taught through lectures and tutorials and computer labs.
Recommended: Carlon, S., McAlpine, R., Lee, C., Mitrione, L., Kirk, N., and Wong, L. (2019). Financial accounting: Reporting, analysis and decision making. 6th Edition. Wiley & Sons Australia
Marshall, D., McCartney, J., van Rhyn, D., McManus, W., and Viele, D. (2010). Accounting: What the numbers mean. 2nd Edition. McGraw Hill Australia
Hoggett, J., Medlin, J., Chalmers, K., Beattie, C., Hellmann, A., and Maxfield J. (2018). Accounting. 10th Edition. Wiley & Sons Australia
Birt, J., Chalmers, K., Maloney, S., Brooks, A., and Oliver J. (2017). Accounting: Business reporting for decision making. 6th Edition. Wiley & Sons Australia
- Course outline
- View the most recent Course Outline
- Graduate Attributes Emphasised
View more information about Otago's graduate attributes.
- Learning Outcomes
- To explore some current conceptual issues relating to accounting, including ethics and issues of responsibility
- To introduce the legislative and professional environment with respect to accounting in New Zealand
- To learn double-entry accounting techniques and to translate business activities into a full set of financial reports
- To continue developing an understanding of what the basic financial reports communicate to readers and how basic financial reports are used in business
- To gain skills in independent research and team presentations