Level 3 Accounting
13ACC Course DescriptionTeacher in Charge: Mr A. Lander.
Recommended Prior Learning12 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.
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.
Contributions and Equipment/Stationery
$35 for Workbook
2B8 exercise book, Blue or Black pens, Ruler, Highlighters, Refill, Clearfile, Calculator.