ACCTN574-21B (HAM)

Advanced Financial Accounting

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Samuel Benjamin

Samuel Benjamin
9578
MSB.3.27
See Moodle
samuel.benjamin@waikato.ac.nz

Lecturer(s)

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

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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Paper Description

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This paper is designed to deepen understanding of the issues involved in the current practices, principles and regulations of New Zealand accounting. The paper critically discusses major issues of accounting practice. The paper further facilitates critical and independent thinking, enhances analytical ability and fosters creativity and initiative.


In highlighting the policy issues involved in the choice of accounting methods, this paper attempts to take students beyond a mere mastery of technical skills.

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Paper Structure

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This paper examines various issues of accounting practice and research. The paper aims to foster critical and independent thinking, enhance analytical ability, creativity and initiative in students. Although the development of technical skills is important, students are encouraged to develop intellectual ability so as to be in a position to reflect upon current accounting practice in a critical manner.

This paper is designed to facilitate students’ understanding of the issues involved in the principles, practices and regulations of accounting within the New Zealand environment. The paper is a prerequisite for those wishing to fulfill CA ANZ requirements.

  • 2 hours lectures per week
  • 1 hour tutorials per week
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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Prepare financial reports for limited liability companies in accordance with generally accepted accounting practice including accounting for the issues detailed in the financial reporting standards listed below.
    Linked to the following assessments:
  • Understand the fundamental accounting principles and practices in accounting for business combinations.
    Linked to the following assessments:
  • Prepare consolidated financial statements in accordance with generally accepted accounting practice.
    Linked to the following assessments:
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Assessment

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Internal Assessment / Final Examination 1:0
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Assessment Components

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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. Test 1 (35%)
11 Aug 2021
9:00 AM
35
  • Hand-in: In Lecture
2. Test 2 (35%)
20 Oct 2021
5:00 PM
35
  • Hand-in: In Lecture
3. Accounting Research Assignment (20%)
21 Oct 2021
11:30 PM
20
  • Online: Submit through Moodle
4. Tutorial Assignments (10%)
10
  • 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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Required and Recommended Readings

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Required Readings

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

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Recommended Readings

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

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Other Resources

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Please refer to the Moodle page of the paper for further resource links.
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Online Support

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If you require online support for myweb please email helpdesk at: wmshelp@waikato.ac.nz
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Workload

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1. 2 hours of lectures per week
2. 1 hour tutorial per week

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Linkages to Other Papers

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Note any linkages to other papers where the linkage is of importance.
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Prerequisite(s)

Prerequisite papers: ACCT571 or ACCTN571

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT574

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