13ACC

13 Accounting

Subject Description

Teacher in Charge: Ms N. Doherty.

Objectives

  • To promote the knowledge and understanding of Accounting as a financial language for individuals, partnerships and companies.
  • To develop key competencies in a range of financial contexts (thinking; using language, symbols, and texts; managing self; relating to others; participating and contributing) and values (excellence; innovation; inquiry and curiosity; diversity; equity; community and participation; ecological sustainability; integrity).
  • To apply financial knowledge and key competencies to practical situations.

Content

  • Developing an understanding of the principles on which Accounting is based and how they are applied in a range of situations.
  • Recording and processing financial transactions.
  • Describing and evaluating a job cost system.
  • Reporting financial information to interested parties.
  • Analysing, interpreting and evaluating financial and non-financial information to make informed decisions.

Recommended Prior Learning

A minimum of 14 credits out of the 19 credits available from NCEA Level 2 Accounting.

Subject and Associated Costs

Course Costs: $65.00 Workbook, revision book.
Associated Costs: Nil.

Pathway

With the specialisation you are doing it will lead to a Bachelor of Commerce/Business Studies at University and be very helpful in completing the Stage One compulsory paper in Accounting. Accounting is used in every business and there is still a big demand for Accountants here and overseas.

Assessment Information

* Standard 91407: For Scholarship students and students prepared to do extra sessions this 5 credit internal is available (AS 91407 (3.4)).

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This subject is eligible for subject endorsement.

This subject is approved for University Entrance.

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91405 v2
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91406 v2
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91407 v2
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0
A.S. 91408 v2
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91409 v2
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 5
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 22

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.