Topical Accounting Issues
AS 91481 – Accounting 2.5
Presented by Elizabeth Pitu
Accounting matrix
Conceptual
AS90976
Concepts
1.1
3 credits X
AS91174
Concepts.
2.1
Processing
Reporting
Interpretation
Decision-making
Systems
AS90977
1.2
Processing cash.
AS90980
1.5
Interpretation
5 credits I
AS90978
1.3
Financial
statements
5 credits X
AS90981
1.6
Individual/group
decision.
3 credits I
AS90982
1.7
Cash
management
4 credits I
AS91175
Processing
software.
AS90979
1.4
Community
organisations
4 credits I
AS91176
2.3
Financial
statements
AS91481
2.5
Topical issue
decision making
AS91179
Accounts
receivable.
3 credits I
2.2
4 credits X
AS91177
2.4
Interpretation
4 credits X
4 credits I
AS91404
3.1
Reporting entity
concepts
4 credits X
4 credits X
AS91405
3.2
Partnerships
4 credits I
5 credits X
AS91406
3.3
Company financial
statements.
5 credits X
2.6
4 credits I
AS91407
3.4
Annual report
5 credits I
AS91408
3.5
Management
accounting
4 credits X
AS91386
2.7
Inventory.
3 credits I
AS91409
3.6
Job costing
4 credits I
AS 91481
Demonstrate understanding of a topical
accounting issue for decision making
Achievement

Demonstrate

understanding of
a topical
accounting issue
for decisionmaking.
Achievement
with Merit
Demonstrate indepth
understanding of a
topical accounting
issue for decisionmaking.

Achievement with
Excellence
Demonstrate
comprehensive
understanding of a
topical accounting
issue for decisionmaking.
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:
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
Teaching and learning
•
•
•
•
Student centered
Teacher facilitated
Class, group or individual activity
Presentation options
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
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 decisionmaking.
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
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
Student as the entity
• Student loans for example
are highly relevant for
most students planning
tertiary study
• Stay at home/go away for
tertiary study is another
issue relevant to students
which can be explored
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
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.
Sustainable business considerations
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 Ruakura
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.
B