1. Topical Accounting Issues AS 91481 – Accounting 2.5 Presented by Elizabeth Pitu

2. Accounting matrix ConceptualProcessingReportingInterpretationDecision-makingSystems AS90976 1.1 Concepts 3 credits X AS909771.2 Processing cash. 5 credits I AS909781.3 Financial statements 5 credits X AS909801.5 Interpretation 4 credits X AS909811.6 Individual/group decision. 3 credits I AS909821.7 Cash management 4 credits I AS909791.4 Community organisations 4 credits I AS911742.1 Concepts. 4 credits X AS911752.2 Processing software. 4 credits I AS911762.3 Financial statements 5 credits X AS91177 2.4 Interpretation 4 credits X AS914812.5 Topical issue decision making 4 credits I AS911792.6 Accounts receivable. 3 credits I AS913862.7 Inventory. 3 credits I AS914043.1 Reporting entity concepts 4 credits X AS914053.2 Partnerships 4 credits I AS914063.3 Company financial statements. 5 credits X AS914073.4 Annual report 5 credits I AS914083.5 Management accounting 4 credits X AS914093.6 Job costing 4 credits I

3. AS 91481 Demonstrate understanding of a topical accounting issue for decision making Achievement Achievement with Merit Achievement with Excellence Demonstrate understanding of a topical accounting issue for decision- making. Demonstrate in- depth understanding of a topical accounting issue for decision- making. Demonstrate comprehensive understanding of a topical accounting issue for decision- making.

4. Purpose Achievement Standard 91481 (internal 4 credits) Demonstrate understanding of a topical accounting issue for decision-making This achievement standard provides students with an opportunity to explore relevant current/topical accounting issues for decision making. It provdies students with an opportunity to use a social inquiry approach to their learning:

5. Social inquiry allows students to: ask questions, gather information and background ideas, and examine relevant current issues explore and analyse people’s values and perspectives consider the ways in which people make decisions and participate in social action reflect on and evaluate the understandings they have developed and the responses that may be required. Source NZC page 30

7. Teaching and learning Student centered Teacher facilitated Class, group or individual activity Presentation options

8. Focus on decision-making The focus of this standard is on decision-making, ie the factors the entity takes into account when making a decision An actual decision is not required

9. Unpacking Excellence Demonstrate comprehensive understanding involves justifying how a topical accounting issue impacts on decision-making for an entity, incorporating financial and non-financial information by: –justifying why the issue is important to the entity –justifying how and why the issue affects decision-making by the entity –drawing a conclusion that justifies the importance of the issue to the entity’s decision- making.

10. Topical accounting issues A topical accounting issue is any issue that impacts on the decision-making of the entity The issue will have both financial and non-financial aspects impacting on the decision-making The issue will have importance to the decision-making of the entity

11. Entities The CoA list a wide range of possible entities including individuals/whanau, schools, community organisations, councils, businesses In selecting an entity consider student engagement with the issue and the entity Give students a choice

12. Student as the entity Student loans for example are highly relevant for most students planning tertiary studyloans Stay at home/go away for tertiary study is another issue relevant to students which can be explored

13. Sustainability Any entity can be chosen Sustainability can be broad such as being part of ‘Clean Green New Zealand’ or ‘100% pure New Zealand’ or narrow such as recycling (household) rubbish or setting up a worm farm or deliberate energy/fuel savings

14. Example Going solar A number of New Zealand households, particularly those in rural areas far from the nearest power pole delivering electricity are choosing partial or even full solar energy options for their homes. A Ruapuke couple has done just that.Ruapuke

15. Sustainable business considerations

16. A Māori perspective Kaitiakitanga and Iwi treaty settlements of land and/or money and/or other assets Geothermal partnerships between local Māori and Mighty River Power or Contact Energy Tainui’s plans for an inland port and 50 year development at RuakuraRuakura

17. Thank you Please feel free to email me if you have any questions about this session: e.pitu@auckland.ac.nz I trust you have learned something.

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