ACCTN202-23A (HAM)

Intermediate Financial Accounting

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

: arnabofficial21@gmail.com
: bhaven15098@gmail.com
: ivbotes@gmail.com

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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What this paper is about

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The topics covered in this paper are intended to provide an informed platform to underpin professional practice and continuing education in accounting. This paper takes you beyond the mastery of technical skills. Accountants of today (and tomorrow) are expected to be able to make informed choices, exercise judgement and provide good advice.

A key element of corporate governance in New Zealand is Financial Reporting. This paper is designed to familiarise students with the practices, principles and regulations of Financial Reporting in New Zealand. Application of the current statutory requirements and accounting standards for financial reporting, via tutorial exercises and assignments, is the key aspect of this paper and is intended provide students a thorough understanding of the expectations and ethical requirements of the accounting profession.

This paper will require substantial time to be spent outside of class working through the textbook, exercises and readings. For every hour spent in class you are expected to spend at least 3.5 hours of study/preparation.

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How this paper will be taught

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The objective of this paper is to help students develop the technical skills in the interpretation and application of accounting standards and statutory requirements of financial reporting in New Zealand. The topics covered in this paper are intended to provide an informed platform to underpin professional practice and continuing education in accounting. Students are expected to be creative and able to make informed choices, exercise judgement and provide good advice in relation to financial reporting. This paper is required by Chartered Accountants Australia and New Zealand (CAANZ), CPA Australia and ACCA for students majoring in accounting and as such it meets the academic requirements for students pursuing a career as a professional accountant. It is also prerequisite for some of the Level 3 accounting, auditing and taxation papers.

In undertaking this paper you can expect to spend around 150 hours of effort and studies.

  • use the weekly outline as a guide for your time allocation,
  • make sure that you leave enough time for final exam preparation.

This paper will require substantial time to be spent outside of class working through the textbook, exercises and readings. For every hour spent in-class you are expected to spend at least 3.5 hours of study/preparation.

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Required Readings

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Recommended Readings

Deegan, C. & Samkin, G., (2013) New Zealand Financial Accounting 6e, McGraw-Hill

2. New Zealand Accounting Standards (NZ IAS)
3. In The Black Magazine by CPA Australia
4. Technical Articles on Financial Reporting by ACCA
5. Technical Articles on Strategic Business Reporting by ACCA
6. The CPA Journal - The Voice of the Accounting Profession

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Prepare general purpose financial statement for the partnership and company business structures in accordance with International Financial Reporting Standards (IFRSs) or other relevant national standards
    Linked to the following assessments:
  • Apply International Financial Reporting Standards (IFRSs) or other relevant standards to transactions and other events in financial accounting and reporting
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  • Evaluate the application of accounting standards to transactions and other events that involve measurement, professional judgement and the accounting for complex practical issues
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  • Demonstrate knowledge of accounting policies, changes in accounting estimates and errors in the provision of relevant and reliable information
    Linked to the following assessments:
  • Describe current national and international developments in financial reporting and information with an awareness of the regulatory framework and the NZ Companies Act
    Linked to the following assessments:
  • Make informed choices, exercise judgement and provide advice on matters relating to financial reporting.
    Linked to the following assessments:
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Assessments

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How you will be assessed

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Assessment is by course work and tests during the semester. Please note: No Exam: 100% Internal Assessment. Your final mark and grade for the paper will be a weighted average of your course work including tutorial and research assignments and tests.

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Tutorial Assignment
10
  • Online: Submit through Moodle
2. Test 1
21 Mar 2023
10:00 AM
20
  • Online: Submit through Moodle
3. Test 2
2 May 2023
10:00 AM
20
  • Online: Submit through Moodle
4. Test 3
30 May 2023
10:00 AM
25
  • Online: Submit through Moodle
5. Research Assignment
16 Jun 2023
5:00 PM
25
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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