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.
  • Processing financial transactions and final accounts for Partnerships.
  • Describing and evaluating a job cost system.
  • Reporting Management financial information e.g. Cost Volume Analysis.
  • Analysing, interpreting and evaluating financial and non-financial information of a Company on the NZX 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 Workbooks.
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 91406: For Scholarship students and students prepared to do extra sessions this 5 credit external is available (AS 91406 (3.3)).

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
Internal Assessed Credits: 13
External Assessed Credits: 9
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

This will be available for Scholarship Students only.


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.

Disclaimer

It is important that you complete your option selection by the due date to enable you to have your preferred course of study. Course availability is dependent on numbers and staffing, and course entry will be confirmed at the beginning of the school year.