Financial Accounting

Victoria University of Wellington

Course Description

  • Course Name

    Financial Accounting

  • Host University

    Victoria University of Wellington

  • Location

    Wellington, New Zealand

  • Area of Study

    Accounting, Finance

  • Language Level

    Taught In English

  • Prerequisites

    ACCY 001, 111

  • 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.

    Hours & Credits

  • Credit Points

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    A preparer's perspective on particular areas of financial reporting, including current New Zealand GAAP and recognition of revenue, assets and liabilities.

    Course Objectives
    At the end of this course, students should be able to:
    1. Explain the nature of formal and informal regulatory frameworks shaping accounting in New Zealand;
    2. Explain the centrality of assets to the accounting system and their interrelationships to other elements including liabilities, equity, revenue and expenses;
    3. Describe and explain the application of asset-specific New Zealand IFRSs relating to identification, recognition and measurement;
    4. Explain the associated movements required by the asset-specific New Zealand IFRS including depreciation, impairment, and gains and losses;
    5. Describe and explain the nature of common liabilities including provisions, pension and tax liabilities, debentures, and the nature of contingencies.

    10 Quizzes 5%/each
    3 Assignments 20%
    Test 30%
    Exam 45%

Course Disclaimer

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.


This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies.

Read our Privacy Policy to learn more.