Course Outline 2017
ACCTG 101: ACCOUNTING INFORMATION (15 POINTS)
Summer School (1170)
Course Prescription
Business decisions require accounting information. This course covers the role of
accounting information and systems to support decision making, control and monitoring
in organisations. It examines general purpose financial statements and the analysis and
interpretation of accounting information. It assesses investment opportunities using
capital budgeting techniques.
Programme and Course Advice
Restriction: 600.121, 600.171, ACCTG 191
Goals of the Course
To show how and why accounting information matters. The idea is that accounting
information is an integral part of the decision-making process, both inside and outside the
firm.
Learning Outcomes
By the end of this course it is expected that the student will be able to:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
understand the importance of accounting information to the firm and its providers
of capital;
identify and explain cost behaviour patterns and use them in cost-volume-profit
analyses;
explain the benefits of budgeting as a planning and control tool and prepare
operations budgets;
explain how and why costs are assigned to cost objects; and apply the principles
of cost assignment to full costing scenarios;
show how accounting information is used in short term decisions and apply the
principles to relevant costing scenarios; prepare flexible budgets; and apply flexible
budgeting to assess variances from plan;
read and have a basic understanding of the Balance Sheet understand the
definitions, classification, and valuation of assets, liabilities and equity; and use the
accounting equation to illustrate the impact of balance sheet events on the financial
statements;
read and have a basic understanding of the Income Statement understand the
definitions of revenues and expenses; and use the accounting equation to illustrate
the impact of income statement sheet events on the financial statements;
read and have a basic understanding of the Cash Flow Statement understand the
cash versus accrual system; also, read and have a basic understanding of Owner’s
Equity;
apply the tools of financial statement analysis to assess profitability and financial
risk, while recognising the limitations of such analyses;
show how the time value of money and risk are incorporated into long-term
decision-making;
evaluate capital budgeting proposals using the net present value, internal rate of
return, accounting rate of return, and payback appraisal methods; and explain the
methods’ strengths and weaknesses;
Content Outline
Module
Module
Module
Module
Module
Module
Module
Module
Module
Module
Module
1
2
3
4
5
6
7
8
9
10
11
Introduction
Business Plan: C-V-P
Business Plan: Budgeting
Costing
Planning and Control Decisions
The Accounting System and the Balance Sheet
The Accounting System and the Income Statement
The Cash Flow Statement and Owner’s Equity
Financial Statement Analysis
Time Value of Money
Capital Investment
Learning and Teaching
ACCTG 101 is delivered through lectures.
During lectures the lecturer will discuss and apply theory. In addition, lectures will also
run more interactive workshops to work through problems as outlined in each Module.
Course Coordinator and lecturer:
Mary Farmer
Office: Room 579, Level 5, OGG Building
Tel: 373 7599 (ext. 89966)
Email: [email protected]
Learning Resources
Reading:
The prescribed text for this course is Cunningham, Nikolai, Bazley, Kavanagh,
Slaughter, & Simmons (2015) Accounting: Information for Business Decisions (2nd Ed.).
Cengage Learning: Australia. Material and questions from the text are discussed during
lectures. Additional questions from the textbook as used for self-study.
Course Book: The Course Book includes supplemental problems used in lectures,
additional notes, and the latest financial statements for two well-known NZ companies.
CANVAS: CANVAS is used to distribute student guides to problems, and to make
announcements. It is also used to quiz students online over the assigned readings and
problems. The quizzes may later be used for revision.
Walk-in help centre: Assistance is provided at the ‘walk-in’ help centre for queries about
the lecture material. The clinic hours will be announced on CANVAS at the beginning of
the term.
Assessment
Three individual assignments
Nine Canvas quizzes
One semester test
Final examination
Total
10%
10%
20%
60%
____
100%
Learning
Learning
Learning
Learning
outcomes
outcomes
outcomes
outcomes
1- 10
1-10
1- 6
1-11
Further details on these assessments will be provided on Canvas.
The broad relationship between these assessments and the course learning outcomes is
as follows:
Learning
Outcome
1
2
3
4
5
6
7
8
9
10
11
Assignments
Quizzes
Semester Test
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
Final
Examination
X
X
X
X
X
X
X
X
X
X
X
Minimum Requirements
To pass this course an overall grade of at least 50% is required.
Inclusive Learning
Students are urged to discuss privately any impairment-related requirements face-to-face
and/or in written form with the course coordinator and/or tutor.
Student Feedback
These are the ways in which student feedback from 2016 has been used to shape or
change the course:
1. More practice exercises. At the end of each module there are many self-study
exercises and problems that allow students more practice. They cover everything
that is required to be learnt for that module. The student guides to these problems
will be posted on Canvas.
2. Feedback in the Canvas quizzes. More feedback has been provided on each quiz
to assist with your learning. If you find a question that does not have sufficient
feedback, please email [email protected] and we will improve it.
3. Revision practice for the Canvas quizzes. Online revision quizzes (that do not
count for marks) are now available so that you can practice answering multiple
choice questions on each module before you attempt the assessed Canvas quizzes.
4. No tutorials but more interactive lectures/workshops. Some students have
requested that we offer tutorials but unfortunately we do not have the resources
to provide for these. A major difficulty the Department of Accounting & Finance
faces is the large numbers of students who take our courses not just at stage one,
but at stages two and three. We are the largest Department in the University in
terms of student numbers and consequently resources are strained to provide all
the support we would like to provide, especially at stage one. To accommodate this
request in some way we are introducing more interactive workshops at the end of
each module after the lectures. Feel free to email your queries to [email protected]
5. Course book slides and problems will be made available on Canvas.
Lectures and Workshops
The lectures are designed to work through the detail of the module objectives. The lecturer
will present theory and applications of theory through problem solving. The workshops
are designed to review the previous module’s materials and to provide you with an
opportunity to practice the concepts that you have learnt as well as ask questions.
Additional problems will be used to enhance your learning. Students are encouraged to
email [email protected] and the most frequently asked questions will be
addressed in the workshops. It is highly recommended that all students should attend
these workshops.
Preparation for Lectures and Workshops
Your preparation for lectures and workshops is important, as the lecturer’s role is to
support, direct and encourage your study of the module objective. Without preparation,
you will often feel lost and confused.
Lecture Recordings
The lectures and workshops will be recorded. You will be able to access these recordings
through CANVAS. You will be required to login once again via a popup box. The username
is your UPI and the password is your normal NetLogin/EC password.
You should note that lecture recordings are NOT a substitute for attending lectures, but
should be used as a resource to complement your learning.
Please note also that: (i) the posting of lecture recordings is NOT immediate, as it can take
up to 24 hours or more for the lecture recording files to be compiled by the University and
for us to receive these; and (ii) unexpected technical problems that are not within our
control can occur from time to time and these might prevent a lecture from being recorded
- indeed this has happened before, which is why you should try to always attend
lectures.