2 10 1 Accounting Principles S3 2014 V2 Final Essay

Submitted By ya7320
Words: 1655
Pages: 7

INTERNATIONAL BUSINESS AND TOURISM MANAGEMENT PROGRAMME

2.101 ACCOUNTING PRINCIPLES

COURSE OUTLINE
Semester 3, 2014

LECTURER DETAILS

Lecturer: Beena Lal
Room: M301 St Helens Campus
Phone: 815 1717 ext. 847
Email: beenal@ais.ac.nz
Contact Hour: Tuesday 11.00 am – 12.00 pm, other time by appointment.

Tutor: Ranjit Singh
Telephone: 021 742 008
Email address: ranjits@ais.ac.nz
Office: M225 St Helens Campus
Contact Hour: Tuesday 5.00 pm to 6.00 pm COURSE AIM

This course introduces students to the fundamental aspects of financial accounting. It is designed to facilitate students’ learning of basic accounting by introducing key concepts and principles. Students are expected to apply these in the preparation, analysis and interpretation of financial information within the context of making effective business decisions.

LEARNING OUTCOMES

Upon successful completion of this paper, students will be able to:
1. Describe the roles of accountants, forms of business organisations, and users and uses of financial information. Understand the accounting concepts, principles, qualitative characteristics and constraints underlying financial statements;
2. Explain and demonstrate an understanding of accounting transactions and events, the accounting equation and the classified balance sheet;
3. Prepare a classified income statement from relevant financial information and differentiate between cash and accrual accounting;
4. Calculate and analyse the expense recognition for accounting for inventory and accounting for depreciation;
5. Prepare, analyse and interpret financial statements;
6. Demonstrate an understanding of accounting subsystems including computerised accounting system (MYOB); and
7. Prepare and explain the role of projected financial statements

COURSE DURATION

This course will be conducted over 11 teaching weeks. A typical teaching week will consist of one, 2 -hour lecture and two, 2-hour tutorials.. Classes will be held at the following times:

Stream
Day
Time
Location
Lecture
A & B
(Both Streams)
Tuesday
9.00 am – 11.00 am
R107
Tutorials 1 A( Ranjit)
Tuesday
3.00 am – 5.00 pm
R105
2
A( Ranjit) Thursday 3.00 pm – 5.00 am
R105
Tutorials 1
B( Beena)
Wednesday
1.00 pm – 3.00 pm
R106
2
B( Beena) Friday 1.00 pm – 3.00 pm
R106

STUDY EXPECTATION

1. Students taking this course are expected to attend all classes and complete all assignments on time. The course is progressive and cumulative in nature, with later lectures expanding on, and assuming knowledge of, material introduced earlier. Students who miss classes for whatever reason are expected to catch up on the material covered. It is their responsibility to seek out the lecturer or other students in the class to find out what was covered in their absence.

2. The course will be conducted over 11 teaching weeks. There will be 6 hours per week class contact time, using a combination of readings and tutorials. Additionally students should expect to spend approximately 10 hours in independent study (reading, review, an assignment work) outside of class hours for every hour spent in class.

3. To pass the course, students must achieve a minimum of 50% overall, with a minimum of 40% required in the final written exam. The assessment of student grade will consist of 50% contribution from coursework and 50% from the final exam.

4. Students must not plagiarise. Plagiarism means presenting the work of another as one’s own work. It is an act of dishonesty which violates the obligation of students to act towards each other in good faith, reflects badly on the personal integrity of the student, and damages the academic integrity of the entire institution. It may take the form of word-for-word copying, or of paraphrasing another person’s work. It involves presenting the result of such…