Overview
The accounting theory and practice relevant to some of the more complicated accounting issues unique to companies.
Upon successful completion of this paper, you should be able to use technical skills in the preparation and presentation of corporate financial reports in accordance with generally accepted accounting practice. You will understand the external reporting environment for financial reporting, including the rules and regulations that govern corporate financial reporting. You should be able to apply selected New Zealand International Accounting Standards which impact on the determination of income and external reporting. You will also have a basic understanding of accounting for groups of companies.
About this paper
| Paper title | Financial Accounting and Reporting |
|---|---|
| Subject | Accounting |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees ( NZD ) | $1,053.30 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- ACCT 102 and (BSNS 107 or BSNS 115)
- Schedule C
- Commerce
- Contact
- mariela.carvajal@otago.ac.nz
- More information link
- For further information, please email accountancyfinance@otago.ac.nz.
- Teaching staff
- Mariela Carvajal
- Paper Structure
- Understand the background and purpose of the International Financial Reporting Standards (IFRS) as they are applied in New Zealand
- Explain the purpose and describe the main components of financial statements
- Understand the overall principles and other considerations relating to the presentation of a Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Income Statement), Statement of Cash Flows, Statement of Changes in Equity and Notes to Financial Statements
- Understand some of the issues relating to non-current assets
- Understand some of the issues relating to liabilities
- Understand the nature of events after the reporting period
- Account for matters relating to shareholders' equity, and
- Understand some of the issues relating to equity investments
- Teaching Arrangements
- This paper is taught through lectures and tutorials.
- Textbooks
New Zealand Financial Accounting 6th edition, by Deegan and Samkin, published by McGraw Hill.
- Course outline
- View the course outline for ACCT 211
- Graduate Attributes Emphasised
- Communication, Critical thinking, Self-motivation.
View more information about Otago's graduate attributes. - Learning Outcomes
- Be able to think logically and critically and to make well-reasoned decisions using advanced problem-solving skills
- Understand the nature of business through advanced knowledge in at least one major subject area plus an integrated awareness of all major business functions
- Understand the cultural, legal, social and environmental factors that affect, and are affected by, business operations
- Be able to demonstrate leadership while working constructively, cooperatively and respectfully with others
- Understand the ethical consequences of business decisions
- Communicate effectively within a range of contexts
- Assessment details
Individual assignments - 35% of final grade
Workshops - 15% of final grade
Final examination - 50% of final grade
Timetable
Overview
The accounting theory and practice relevant to some of the more complicated accounting issues unique to companies.
Upon successful completion of this paper, you should be able to use technical skills in the preparation and presentation of corporate financial reports in accordance with generally accepted accounting practice. You will understand the external reporting environment for financial reporting, including the rules and regulations that govern corporate financial reporting. You should be able to apply selected New Zealand International Accounting Standards which impact the determination of income and external reporting. You will also have a basic understanding of accounting for groups of companies.
About this paper
| Paper title | Financial Accounting and Reporting |
|---|---|
| Subject | Accounting |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 1 (On campus) |
| Domestic Tuition Fees | Tuition Fees for 2027 have not yet been set |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- ACCT 102 and (BSNS 107 or BSNS 115)
- Schedule C
- Commerce
- Contact
- mariela.carvajal@otago.ac.nz
- More information link
- For further information, please contact accountancyfinance@otago.ac.nz.
- Teaching staff
- Dr Mariela Carvajal
- Paper Structure
- Understand the background and purpose of the International Financial Reporting Standards (IFRS) as they are applied in New Zealand
- Explain the purpose and describe the main components of financial statements
- Understand the overall principles and other considerations relating to the presentation of a Statement of Financial Position (Balance Sheet), Statement of Comprehensive Income (Income Statement), Statement of Cash Flows, Statement of Changes in Equity and Notes to Financial Statements
- Understand some of the issues relating to non-current assets
- Understand some of the issues relating to liabilities
- Understand the nature of events after the reporting period
- Account for matters relating to shareholders' equity, and
- Understand some of the issues relating to equity investments
- Teaching Arrangements
- This paper is taught through lectures and tutorials.
- Textbooks
New Zealand Financial Accounting, 6th edition, by Deegan and Samkin, published by McGraw-Hill.
- Course outline
- View the course outline for ACCT 211.
- Graduate Attributes Emphasised
- Communication, Critical thinking, Self-motivation.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this paper will be able to:
- Be able to think logically and critically and to make well-reasoned decisions using advanced problem-solving skills
- Understand the nature of business through advanced knowledge in at least one major subject area plus an integrated awareness of all major business functions
- Understand the cultural, legal, social and environmental factors that affect, and are affected by, business operations
- Be able to demonstrate leadership while working constructively, cooperatively and respectfully with others
- Understand the ethical consequences of business decisions
- Communicate effectively within a range of contexts
- Assessment details
- Individual Assignments (35%)
- Workshops (15%)
- Final Examination (50%)