13ACC

Level 3 Accounting

Course Description

Teacher in Charge: Mr A. Lander.

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 based on real life scenarios
  • Study of annual reports of real NZ companies to give advice to external users for investing
  • Processing
  • Accounting reports


Course Overview

Term 1
This term will focus on the recapping some on the previous year's work then will focus on the internal assessment of demonstrating the understanding of accounting for partnerships.

Term 2
This term will focus on Demonstrate understanding of management accounting to inform decision-making and in the latter part of the term students will begin the internal assessment of preparing a report for an external user that interprets the annual report of a New Zealand reporting entity.

Term 3
Students will focus on finishing the internal assessment of preparing a report for an external user that interprets the annual report of a New Zealand reporting entity in the first few weeks of the term. The rest of the term will focus on learning the external assessment of demonstrating an understanding of company financial statement preparation.

Term 4
Revision for Externals.

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.

Contributions and Equipment/Stationery

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

Credit Information

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

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 18 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 9 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
Credit Summary
Total Credits: 18
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: 18

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.