13ACC

Level 3 Accounting

Course Description

Teacher in Charge: Mr K. Frewen

Accounting gives students the tools to make real life financial decisions in a constantly changing and uncertain world. It is the process of preparing and communicating financial information to a wide range of users. Accounting enhances financial literacy and helps individuals and organisations to be accountable to stakeholders for their actions. In addition to being a core prerequisite for almost every commerce degree in Australasia, accounting skills are important in all industries and highly valued in university graduates. 
This course focuses on the application, understanding, critical analysis and interpretation of financial and non-financial information of partnership and company ownership structures. Students will cover:

  • Application, understanding, critical analysis and interpretation of financial and non-financial information of partnership and company ownership structures
  • Management decision making
  • Study of financial reports of companies to give advice to external users 
  • Processing
  • Accounting reports


Contributions and Equipment/Stationery

$35 for Course Materials
2B8 exercise book, Blue or Black pens, Ruler, Highlighters, Refill, Clearfile.

Recommended Prior Learning

12 Credits from level 2 accounting or approval from the HOF Students who have no previous accounting experience will need to do extra work outside of class at lunchtime workshops.

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

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

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91404 v2
NZQA Info
Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r *
Numeracy Credits: 0
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: Y
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: Y
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: Y
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: Y
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: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 13
Total University Entrance Literacy Credits: 9
TotalNumeracy Credits: 18

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.