ACCT 102 - Principles of Accounting

Note: revised points system being introduced in 2007.

(each semester)   0.15 EFTS   18 points

This paper is designed as a prerequisite for students wanting to continue into 2nd year accounting courses. It continues to present basic concepts, principles and techniques of financial accounting; it concentrates on the preparation of financial statements using the double-entry system; it provides the basis for a deeper examination and evaluation of basic financial reports; and it offers a critical examination of some of the current issues relating to accounting.

Prerequisites: One of ACCT 101 or BSNS 101

Class Contact
Lecture: Three 1-hour lectures per week
Tutorial: One tutorial per week

Objectives
• A critical examination of some current issues relating to accounting, including ethics and issues of responsibility.
• The legislative and professional environment with respect to accounting in New Zealand.
• How to apply double-entry accounting techniques to translate business activities into financial language.
• The preparation of financial reports.
• Further study of the elements of general purpose financial reports and what information financial reports communicate to readers.
• Evaluation and analysis of general purpose financial statements.
• The business environment and different forms of business organisations.

Assessment
Tutorial quizzes (best 5 out of 7) 10%
Mid-term test 20%
Tutorial exercise completion 10%
Research Essay 10%
Final exam 50%

Note: ACCT 102 in semester two is subject to change. Please visit the department for current information.

Note:
There is a change of required text from Semester 1, 2007.

The text in Semester 2 is to be: - Principles of Accounting by Weygandt, Jerry; Chalmers, Keryn; Mitrione, Lorena. Published John Wiley & Sons Australia in 2007. It’s available now at the central library on closed reserve and for borrowing and/or is also available for purchase from the University Bookshop.

The UBS price is $124.19.

Course Outline ACCT102 Course Outline Semester 2 2008