ACCTN302-21H (HAM)

Financial Accounting

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Grant Samkin

Grant Samkin
9257
MSB.3.05
See Moodle
grant.samkin@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)

: 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.

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 NZICA requirements.

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Paper Structure

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  • 3 hours of lectures per teaching day - 6 hours a week
  • 1 hour tutorial on a Tuesday
  • 1 hour tutorial on a Thursday
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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Prepare financial reports for limited liability companies in accordance with generally accepted accounting practice, financial reporting standards detailed in the topic list below.
    Linked to the following assessments:
    • Test 1 (1)
    • Test 2 (2)
    • Assignment (3)
    • Exam (4)
  • Understand the fundamental accounting principles and practices in accounting for business combinations.
    Linked to the following assessments:
    • Test 2 (2)
    • Assignment (3)
    • Exam (4)
  • Prepare consolidated financial statements in accordance with generally accepted accounting practice.
    Linked to the following assessments:
    • Test 2 (2)
    • Assignment (3)
    • Exam (4)
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Assessment

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As advised in the components list.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 50:50. There is no final exam. The final exam makes up 50% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 50:50 or 0:0, whichever is more favourable for the student. The final exam makes up either 50% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
21 Jan 2021
2:00 PM
20
  • Hand-in: In Lecture
2. Test 2
9 Feb 2021
2:00 PM
20
  • Hand-in: In Lecture
3. Assignment
10
  • In Class: In Lecture
4. Exam
50
✔
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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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

When considered necessary, a limited number of readings considered essential to a more complete understanding of the topics under discussion will be made available to students. These readings will be examinable.
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Online Support

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

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1. 6 hours of lectures per teaching week;

2. 2 X 1 hour tutorial per week;

Reading prior to class

Tutorial questions will need to be completed in your own time.

Test and Exam revision

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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: ACCT202 or ACCTN202

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT302

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