ACCTN302-21B (TGA)

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)

: uwt@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@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 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.

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Paper Structure

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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.
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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Learning Outcomes
    • Prepare financial reports for limited liability companies in accordance with generally accepted accounting practice, financial reporting standards detailed in the topic list below.
    • Understand the fundamental accounting principles and practices in accounting for business combinations.
    • 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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Please note Assessment items in the components list below.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 70:30. There is no final exam. The final exam makes up 30% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 70:30 or 0:0, whichever is more favourable for the student. The final exam makes up either 30% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
17 Sep 2021
10:00 AM
20
  • Online: Submit through Moodle
2. Test 2
8 Oct 2021
5:00 PM
30
  • Hand-in: In Lecture
  • Online: Submit through Moodle
3. Assignment
21 Oct 2021
11:30 PM
20
  • Online: Submit through Moodle
4. Exam
30
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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Samkin, G., & Deegan, C. (2010). Calculating non-controlling interest in the presence of goodwill impairment. Accounting Research Journal, 23(2), 213-233. https://www.researchgate.net/publication/47277912_Calculating_non-controlling_interest_in_the_presence_of_goodwill_impairment

Sidhu, B. K. (1996). The ‘new’deferred tax: A comment on AARF discussion paper no. 22 ‘Accounting for Income Tax’. Australian Accounting Review, 6(11), 37-49. https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1835-2561.1996.tb00006.x

Sikka, P., & Willmott, H. (2010). The dark side of transfer pricing: Its role in tax avoidance and wealth retentiveness. Critical Perspectives on Accounting, 21(4), 342-356. https://www.sciencedirect.com/science/article/pii/S1045235410000481

Sikka, P. (2017). Accounting and taxation: Conjoined twins or separate siblings?. Accounting Forum 41(4) 390-405. https://www.tandfonline.com/doi/full/10.1016/j.accfor.2016.12.003

The references at the end of each chapter in the text book make references to academic papers that you may find useful

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Other Resources

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Specify any other resources that students will benefit from accessing. You may like to include other learning resources such as online recordings etc.
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Online Support

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If you require online support for Moodle please email ITS at: itshelp@waikato.ac.nz
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Workload

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3 hours lectures per week

1 hour tutorial per week

Tutorial homework to be completed in your own time.

Reading prior to class

Test and Exam revision

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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: ACCT202 or ACCTN202

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT302

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