Financial Accounting and Reporting
University of Otago
Dunedin, New Zealand
Area of Study
Taught In English
ACCT 102 and BSNS 107 (each passed with a grade of at least C+)
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
The accounting theory and practice relevant to some of the more complicated accounting issues unique to companies.
This paper is taught through lectures and workshops.
- Explain the purpose and describe the main components of financial statements
- Understand the overall principles and other considerations relating to the presentation of a statement of financial position (balance sheet), statement of comprehensive income (income statement), statement of changes in equity and notes to financial statements
- Prepare a statement of cash flows
- Explain and apply the revenue recognition criteria
- Understand how to measure property, plant and equipment including the cost model and the revaluation model
- Account for matters relating to shareholders' equity
- Understand the nature of and account for a business combination
Prepare consolidated financial statements
- Understand the background and purpose of the International Accounting Standards Board (IASB)
- Be able to think logically and critically and to make well-reasoned decisions using advanced problem-solving skills
- Understand the nature of business through advanced knowledge in at least one major subject area plus an integrated awareness of all major business functions
- Understand the cultural, legal, social and environmental factors that affect, and are affected by, business operations
- Be able to demonstrate leadership while working constructively, cooperatively and respectfully with others
- Understand the ethical consequences of business decisions
- Communicate effectively within a range of contexts
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.