Red X iconGreen tick iconYellow tick icon

    Overview

    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.

    About this paper

    Paper title Principles of Accounting
    Subject Accounting
    EFTS 0.15
    Points 18 points
    Teaching period(s) Semester 1 (On campus)
    Semester 2 (On campus)
    Domestic Tuition Fees ( NZD ) $937.50
    International Tuition Fees Tuition Fees for international students are elsewhere on this website.
    Prerequisite
    BSNS 107 or BSNS 115
    Schedule C
    Commerce
    Contact

    S1 - mariela.carvajal@otago.ac.nz

    S2 -  pallab.biswas@otago.ac.nz

    Teaching staff

    S1 - Dr Mariela Carvajal

    S2 - Dr Pallab Biswas 

    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.
    Textbooks

    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
    Self-motivation.
    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

    Timetable

    Semester 1

    Location
    Dunedin
    Teaching method
    This paper is taught On Campus
    Learning management system
    Blackboard

    Lecture

    Stream Days Times Weeks
    Attend
    L1 Monday 14:00-14:50 9-13, 15-22
    Tuesday 14:00-14:50 9-13, 15-22
    Thursday 13:00-13:50 9-13, 15-16, 18-22

    Tutorial

    Stream Days Times Weeks
    Attend one stream from
    T1 Wednesday 09:00-09:50 10-13, 15-22
    T2 Wednesday 15:00-15:50 10-13, 15-22
    T3 Thursday 15:00-15:50 10-13, 15-16, 18-22
    T4 Friday 12:00-12:50 10-12, 15-22

    Semester 2

    Location
    Dunedin
    Teaching method
    This paper is taught On Campus
    Learning management system
    Blackboard

    Lecture

    Stream Days Times Weeks
    Attend
    M1 Thursday 14:00-15:50 29-35, 37-42
    Friday 14:00-14:50 29-35, 37-42

    Tutorial

    Stream Days Times Weeks
    Attend one stream from
    T1 Tuesday 09:00-09:50 30-35, 37-42
    T2 Tuesday 11:00-11:50 30-35, 37-42
    T3 Tuesday 12:00-12:50 30-35, 37-42
    T4 Tuesday 14:00-14:50 30-35, 37-42
    T5 Tuesday 16:00-16:50 30-35, 37-42
    T6 Thursday 09:00-09:50 30-35, 37-42
    T7 Thursday 12:00-12:50 30-35, 37-42
    T8 Thursday 13:00-13:50 30-35, 37-42
    Back to top