Level 3 Accounting

13ACC
Course Description

Teacher in Charge:

This course aims to promote knowledge and understanding of accounting as a financial language for partnerships and companies which may be service, trading or manufacturing businesses; and apply financial knowledge and skills to practical situations.

To achieve these aims students will, within the contexts of partnerships and companies, examine, understand and apply the assumptions on which accounting is based; process financial data into meaningful information; prepare financial reports which meet user needs and professional and legal requirements; analyse and interpret financial reports; demonstrate understanding of a job cost subsystem; understand management accounting to make a decision.  The course provides thorough preparation for further tertiary study.


Course Overview

Term 1
A study of accounting for partnerships. How to account for job cost subsystems.

Term 2
How to Interpret an annual report for a New Zealand reporting entity.

Term 3
How to understand company financial statements. Accounting for management systems.

Term 4
Revision

Equipment/Stationery

ESA workbook highly recommended ($30 approx)
Ring binder and refill.


Recommended Prior Learning

Level 1&2 Accounting


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

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

Disclaimer

this information may vary