This Program comprises the following core modules/courses:

• Accounting using Microsoft Excel

• Accounting Principles

• Advanced Accounting Principles

• Management Accounting

• Advanced Management Accounting

• Taxation

• Accounting with Xero

• Advanced Xero

• Accounting Practices

• Auditing

*You will also be required to completed a prior knowledge quiz to test your current knowledge of accounting and business. There are 40 questions in this quiz and a pass mark of 80% must be achieved to proceed.

Refer below for a detailed outline of each component

Accounting using Microsoft Excel

CITG137 Accounting using Microsoft Excel

This course will provide an introduction to the fundamentals of Microsoft Excel, including but not limited to the key functions within the software including formulas, functions and data manipulation, how to add content to spreadsheets as well as formatting styles.

Accounting Principles

ABKN203 Accounting and Business

This course provides an introduction to accounting and business in New Zealand, including but not limited to the relationship between accounting, the legal system and business, the importance of the New Zealand framework, as well as the components of the Financial Statements.

ABKN143 Determining Profit

This course will provide an overview of accounting for revenue and expenses, and will include but not be limited to the accounting equation, a look at revenue expenditure and capital expenditure, and the components of a classified Income Statement for a small business.

ABKN126 Issues in Income Determination & Asset Valuation

This course will take a look at accounting for balance sheet items that influence the Profit and Loss, and will include but not be limited to how to apply correct treatment to property, plant and equipment (PP&E), how to determine inventory valuation, and how to apply fair value to accounts receivable

ABKN345 Accounting Principles Assessment

Complete an assessment covering all content from the Accounting Principles program.

Advanced Accounting Principles

ABKN124 Tracking Cash & Controlling Assets

This course will take a look at accounting for cash, including but not limited to the importance of tracking cash for the survival of a business, how to prepare and maintain a cash tracking spreadsheet to plan cash flow, and how to prepare a Statement of Cash Flows and reconciliation to the Profit and Loss.

ABKN149 Internal Decision Making

This course will provide an overview of how to support business for future internal decision making, including but not limited to preparing budgets and forecasts, how to report on variances between budgeted performance and actual performance, and a look at breakeven analysis.

ABKN109 Analysing Financial Reports

This course provides an introduction to analysing financial reports, and will include but not be limited to the users of financial analysis, the importance of the solvency test, analysing business performance and report on trends, problems and possible remedies.

ABKN224 NZ Financial Reporting Framework

This course will provide an overview on reporting filing requirements for different entities, including but not limited to the Statutory Financial Reporting Framework vs the Accounting Standards Framework, how to use the New Zealand Financial Reporting framework to determine reporting assurance and filing requirements, and a look at the Appropriate Accounting Standards applied for General Purpose Financial reporting.

ABKN346 Advanced Accounting Principles Assessment

Complete an assessment covering all content from the Advanced Accounting Principles program.

Management Accounting

ABKN137 Cost Classification

This course will provide an introduction to cost classifications in Management Accounting, including but not limited to the differences between Product costs and Period costs, management accounting vs financial accounting, and the concept of different costs for different purposes.

ABKN138 Costing Methods

This course will provide an introduction to variable and absorption costing methods, including but not limited to the definitions of variable and absorption costing and a look at the components that make up product and period costs for both types of costing.

ABKN303 Product & Process Costing

This course will provide an introduction to the two product costing systems; job order costing and job process costing. It will include but not be limited to the weighted average unit cost method and the formula to calculate it, support department cost allocation, and a look at unit cost and processing departments.

ABKN305 Standard Costs & Variance Analysis

This course will provide an introduction to standard costing and the importance of measuring (and reporting on) the variance between actual costs and standard costs. It will include but not be limited to the meaning of standard costing, the difference between quantity standards and cost/price standards, and a look at variance analysis.

ABKN347 Management Accounting Assessment

Complete an assessment covering all content from the Management Accounting program.

Advanced Management Accounting

ABKN304 Activity Based Costing

This course will provide an introduction to activity based costing and how this tool is used to assign costs to cost pools. It will include but not be limited to the definition of Activity Based Costing (ABC), the advantages of using an ABC system, cost hierarchies and a look at activities and activity pools.

ABKN121 Budgeting & CVP Analysis

This course provides an overview of budgeting & CVP analysis, including but not limited to the key purposes of budgeting, types of Financial & Operating budgets, a look at Cost-Volume-Profit Analysis as well as the Equation Method and Contribution Margin Method.

ABKN167 Performance Management & Measurement

This course provides an introduction to performance management and measurement, including but not limited to the purpose of a Balanced Scorecard, a look at SMART KPIs, the benchmarking process and Performance Evaluation systems and their uses.

ABKN306 Inventory Management & Planning

This course will provide an introduction to inventory management and planning, including but not limited to a close look at Just In Time Inventory Management, Economic Order Quantity Inventory Management, the Reorder Point formula, and how to make pricing decisions.

ABKG176 Management Accounting: Budgeting

This course will provide an introduction to the use of budgeting for planning, coordinating and authorising the activities of an organisation, and for controlling costs. It will include but not be limited to how to improve the performance of an organisation by setting targets, constructing achievable plans and monitoring results.

ABKG180 Management Accounting: Decision and Control

This course will provide an introduction to the use of budgeting for planning, coordinating and authorising the activities of an organisation, and for controlling costs. It will include but not be limited to how to improve the performance of an organisation by setting targets, constructing achievable plans and monitoring results.

ABKN348 Advanced Management Accounting Assessment

Complete an assessment covering all content from the Advanced Management Accounting program.

Taxation

ABKN160 Introduction to Income Taxation

This course will provide an introduction to accounting for taxation and residency requirements for taxation, as well the determination of business income and which business income is assessable for income tax. It will include but not be limited to the purpose and the main objectives of taxation, the tax obligations for residents, non-residents and transitional residence, a look at assessable income and how to compare the tax requirements between employees and contractors.

ABKN156 GST

This course provides an overview of Goods & Services Tax (GST), including but not limited to the meaning of GST, how to apply basic rules and obligations of GST, a look at GST adjustments and how to fully complete a GST return.

ABKN132 Company Taxation

This course will provide an introduction to companies from a taxation point of view, including but not limited to how losses are generated and how these can be carried forward/utilised, the importance of shareholder continuity, a look at dividends and imputation credits.

ABKN158 Look Through Companies

This course will provide an overview of Look through Companies (LTC), including but not limited to the impact of electing to be an LTC for tax purposes, when and why an LTC may be used, and how the loss limitation rule applies to restrict losses from being passed onto the shareholders.

ABKN315 Fringe Benefit Tax

This course will provide an overview of the different types of benefits that are included in the fringe benefits tax regime, including but not limited to the purpose of the fringe benefits system, how to calculate the taxable value of various fringe benefits, and how to complete a quarterly FBT taxable value calculation sheet (IR 427) and quarterly FBT return (IR 420).

ABKN349 Taxation Assessment

Complete an assessment covering all content from the Taxation program.

Accounting with Xero 

This course will provide an overview of how to use Xero, including but not limited to the benefits of using Xero and cloud computing, Bank Reconciliation & Managing Accounts in Xero, Xero Sales, Invoicing, Quotes & Inventory, plus Purchase & Bills.  

Advanced Xero

This course will provide an advanced look at Xero, including but not limited to Aged Receivables & Payables in Xero, Managing Fixed Assets, Budgeting, Report preparation and anaylsis and how to make the most of Xero.

ABKN293 Advanced Certificate in Xero Assessment

Complete a practical case study based assessment within Xero.

Accounting Practices

ABKN154 SPFR Framework For For-Profit Entities Part 1

This course will take a look at putting accounting principles into practice using the Special Purpose Financial Reporting Framework for For-Profit Entities (SPFR for FPEs). It will include but not be limited to the reporting requirements for revenue, inventories, property, plant & equipment, as well as the reporting requirements for intangible assets and the impairment of assets.

ABKN173 SPFR Framework For For-Profit Entities Part 2

This course will take a look at putting accounting principles into practice using the Special Purpose Financial Reporting Framework for For-Profit Entities (SPFR for FPEs). It will include but not be limited to the reporting requirements for financial instruments, provisions and contingencies, leases, as well as the reporting requirements for employee benefits and equity.

ABKN112 SPFR Framework For For-Profit Entities Part 3

This course will take a look at putting accounting principles into practice using the Special Purpose Financial Reporting Framework for For-Profit Entities (SPFR for FPEs). It will include but not be limited to the reporting requirements for income taxes, GST, related party transactions and recognising events after balance date and their reporting requirements.

ABKN110 Verification, Completeness & Justification

This course will provide an overview of the processes and tools that ensure the values in the Financial Statements are justified, including but not limited to the purpose of workpapers, balance sheet validation documents and referencing protocols.

ABKN226 Accounting for a Full Year Case Study

This course will take a close look at a case study and the process of importing a trial balance into Xero. It will include but not be limited to how to prepare a full accounting analysis for the case study given and how to enter a trial balance and chart of accounts into Xero to prepare draft financial statements.

ABKN227 Looking Forward Case Study

This course will take a look at how to prepare horizontal and ratio analysis, budget analysis, and forecasts, including how to create a two-year forecast using an Excel template and how to construct a Brief Management Report.

ABKG181 Financial Statements of Limited Companies

This course will provide an introduction to drafting, analysis and interpretation of financial statements of limited companies, including but not limited to identifying and recording transactions in accounts and ledgers following the principles of double-entry bookkeeping, and drafting the financial statements of unincorporated organisations from the accounts and records prepared.

ABKG184 Accounting Systems & Controls

This course will take a look at the role of the accounting function in an organisation and the importance of internal controls in minimising the risk of loss, and will include an evaluation of an accounting system to identify weaknesses and assess the impact of those weaknesses on the operation of the organisation.

ABKN350 Accounting Practices Assessment

Complete an assessment covering all content from the Accounting Practices program.

Auditing

ABKG187 External Auditing

This course will take a look at external audits of financial statements, including but not limited to the concept of assurance and the objective of audits conducted under International Standards on Auditing (ISA).