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Accounting for Today’s Dynamic World

Develop the accounting know-how you need to face the complex business challenges of today.

624 enrolled on this course

Accounting for Today’s Dynamic World

Hone important knowledge and skills to jump-start your career

The complex discipline of accounting has always been crucial to business administration. This is truer than ever today, as it is used to coordinate a range of activities within organisations.

This four-week introduction to accounting, from the Auckland University of Technology (AUT), offers a clear window into this world.

Gain insight into key accounting concepts

Your understanding of accounting’s role in facilitating organisational transparency, accountability, and decision-making will deepen considerably over this course. These insights will be invaluable whether you want to develop your current professional trajectory or are considering a career in accountancy.

Develop accounting skills for the modern world

AUT is known for offering courses that equip learners for the issues of today, and this accounting course is no different. You’ll learn about financial accounting, management accounting, accounting information systems, and auditing and assurance so that you’re equipped to help your business or organisation face any challenge it may come up against.

Let a renowned university deliver your introduction to accounting

The Auckland University of Technology (AUT) is home to leading researchers and scholars, with an Accounting Department that ranks among the top 150 in the world. With its focus on impactful research and expertise across a range of accountancy fields, it’s the obvious choice for your accounting course.

Syllabus

  • Week 1

    Financial Accounting

    • Introduction to this course

      You'll be introduced to accounting and its uses. You'll also be introduces to cash flow statements and the reasons why they are specially important for companies and businesses.

    • Cash Flows

      Cash is the life blood of any business. Here we will explore how to manage in a successful way as well as how to create and analyse cash flow reports.

    • Cash and accrual accounting

      This week we will cover the differences between cash and accrual accounting

    • End of week

      Finish the week reflecting on what you have learnt so far and a short quiz to consolidate your learning

  • Week 2

    Accounting Information Systems

    • Xero

      Let's explore a real accounting software and use a case study to better understand how accounting information systems work.

    • End of week

      It's your turn to practice using Xero.

  • Week 3

    Management Accounting

    • Budgets

      This activity will discuss burgets- one of the widely used tools across organizations worldwide.

    • Seeing the Big Picture

      In this activity we will continue our understanding of budgets, but we will focus on looking at it from a broader spectrum.

    • Different types of budget

      In this activity we will be looking at different types of budget. You will have an explanation of what each budget is and when to use it, a short example and a small quiz to review your learning.

    • Cash Budget and Income Statement

      In this activity we will review what are cash budgets and income statements. We will see some examples and there will be a quiz to review your knowledge.

  • Week 4

    Audit and Assurance

    • Audit expectation gap

      In this activity we will focus on audit expectation gap (AEG): (1) Understand the AEG, (2) understand the components/causes of the AEG, (3) and understand the proposed solutions to addressing the AEG.

    • Addressing the AEG

      In this activity we will introduce the compulsory periodic rotation or audit, understand why auditors issue long-form audit reports and review the key audit matters section in said reports.

    • What is Sustainability?

      In this activity you will (1) understand the role/purpose of sustainability assurance, (2) understand the demand-side of the sustainability assurance market, (3) understand the supply-side of the sustainability assurance market

    • Sustainable assurance

      In this activity we will look at stakeholders suspicious of sustainability reports, concerns about blue or green wash and organisations attempting to enhance the credibility of their disclosures.

When would you like to start?

Start straight away and learn at your own pace. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Interpret relevant accounts for each section of the statement of cash flows; and prepare a statement of cash flow.
  • Practice preparing financial statements using a cloud-based accounting information systems, Xero.
  • Identify issues around preparing budgets in an international environment
  • Practice preparing different types of budgets.
  • Identify the Audit Expectation Gap, understand the concerns, and proposed solutions.
  • Identify the role and purpose of sustainability assurance.

Who is the course for?

This accounting course is designed for anyone looking to gain the accountancy skills required in today’s world. Whether you’re considering a career in accounting or want to accelerate your current career path, it will help you reach your goal.

What software or tools do you need?

You will need access to Xero for the second week of this course. You can register for free to get 30-days access to the platform.

Who will you learn with?

Cherrie is a Senior Lecturer in Accounting at Auckland University of Technology. Her main teaching expertise includes Accounting Information Systems and Not-for-Profit Accounting.

PhD, MIB, BSc (Hons), CPA Aus, CA CAANZ;
Senior Lecturer & Acting Deputy Head of Department of Accounting, Auckland University of Technology; Associate Editor Meditari - Accountancy Research

I am a Senior Lecturer of Accounting at the Auckland University of Technology. I teach courses focused on management accounting at both undergraduate and postgraduate levels.

Who developed the course?

Auckland University of Technology (AUT)

Auckland University of Technology (AUT) is located in Auckland, New Zealand’s largest city and economic hub. AUT is a contemporary and connected study destination that aims to produce well-rounded, sought-after graduates. They have been a university since 2000 but a place of learning for 120 years and operate in accordance with the Education Act (1989). AUT has established itself as an institution of global standing and impact.

  • Established

    2000
  • Location

    Auckland, New Zealand
  • World ranking

    Top 440Source: QS World University Rankings 2021

Join this course

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  • Access to this course for 6 weeks

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Buy Unlimited and you will get:

  • Access to this course, and hundreds of other FutureLearn short courses and tests for a year
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Find out more about upgrades or Unlimited.

Available until 22 November 2021 at 23:59 (UTC). T&Cs apply.

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps, but you can complete them as quickly or slowly as you like
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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