ACCY7102 – Advanced Financial Accounting
Module code
ACCY7102
Module title
Advanced Financial Accounting
Prescription
The aim of this course is to develop the knowledge, skills, and competencies required for a critical understanding of financial accounting issues within an Aotearoa New Zealand context.
Programmes
- BI1401
- BI1501
- HB4036
- TP4775
NZQA Level
Level 7
NZQA Credits
15
Delivery method
- Web-Supported
Learning hours
- Total learning hours
- 150
Resources required
- Learning Outcomes
- 1. Critically evaluate accounting theories.
2. Apply accounting treatment and disclosure for selected accounting issues and complex
business structures in compliance with the Aotearoa New Zealand reporting framework.
3. Critically examine contemporary issues related to financial reporting. - Content
- LO1
• Accounting theories
• Measurements in accounting
LO2
• Aotearoa New Zealand reporting framework:
o New Zealand International Accounting Standards (NZ IASs)
o New Zealand International Financial Reporting Standards (NZ IFRS)
• Accounting for non-controlling interests in subsidiaries
• Equity accounting
• Joint arrangements
• Intangible assets
• Employee entitlements
• Income taxes
• Revenue from contracts with customers
• Leases
• Foreign currency transactions
• Share-based payments
• Financial Instruments
• Earnings per share
• Agriculture
LO3
• Selected current issues in national and international financial reporting (including but not limited to):
o integrated reporting
o globalisation and harmonisation of financial reporting
o other current and international developments in financial reporting and information - Teaching and Learning Strategy
- All learning and teaching activities as described in the approved programme and delivery documents are enabled for this course unless specified.
- Basic of Assessment
- Assessment in this course employs an achievement-based grading scheme. Learners will be advised of all matters relating to summative assessment prior to the start of the course.
- Assessment Criteria
- The portfolio is comprised of multiple components. Learners need to provide sufficient evidence against all learning outcomes and gain an overall mark of at least 50% in order to pass this module.
(A minimum of 50% of the portfolio assessment activities will be controlled (supervised/observed) - Learning and Teaching Resource
- All required and recommended resource are provided to learners via course outlines.
