Everything You Need to Know About Accounting 102 at University of Auckland

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Accounting 102, also known as Accounting Concepts (ACCTG102), is a fundamental course offered at the University of Auckland. This course provides students with a comprehensive understanding of accounting principles and practices.

Course Materials and Resources

Studying Accounting Concepts ACCTG102 at the University of Auckland? On Studocu, you will find 88 lecture notes, 79 practice materials, and 65 mandatory assignments to support your learning journey.

Key Concepts in Accounting 102

Accounting 102 covers various essential topics, including:

General journal - used for general purposes
Conceptual Framework - Elements and Qualitative Characteristics
Prudence and the importance of reliable financial information
Accounting cycle and steps to analyze accounts and transactions

Understanding Accounting Principles

One of the key principles in accounting is prudence. Prudence refers to being cautious and careful in valuing assets to ensure reliable financial information for users. Overstating assets and understating liabilities is considered asymmetrical prudence, which is no longer permitted in financial reporting.

Conceptual Framework in Accounting

The conceptual framework in accounting includes elements such as economic entity, going concern, monetary unit, periodicity, and accrual. These elements provide a foundation for financial reporting and help ensure consistency and comparability.

Accounting Cycle

The accounting cycle consists of several steps to analyze accounts or transactions and record them in accounting records. These records play a crucial role in financial decision-making and reporting.

Summary of Lectures

If you're looking for a summary of the lectures in Accounting 102, Studocu offers comprehensive lecture notes to help you review and reinforce your understanding of the course material.

Mandatory Assignments

Completing mandatory assignments is essential for mastering the concepts taught in Accounting 102. Studocu provides a wide range of assignments to practice and test your knowledge.

Related Studylists

Explore the related studylists on Studocu to discover additional resources and materials that can support your learning in Accounting 102.