1ACC

Level 1 Accounting

Subject Description

Teacher in Charge: Mr B. Wedlake

Accounting is the language of business. It is an international language, which provides global opportunities for graduates who wish to combine travel with their career. At Level 1, students learn to prepare financial records for a small business. They also learn how to extract meaning from financial statements and communicate this to clients. These skills are required by every business, in fact every organisation, which is why accountants are in such high demand. From working for one of the Big Four to CFO or CEO of a large company or Government entity, to running your own business, the possibilities are extensive and rewarding.

In order to complete course requirements, it is expected that students will attempt up to four achievement standards during the year. Standards offered at this level comprise 17 credits.


Pathway

Level 1 Accounting leads on to Level 2 Accounting. Pursuing Accounting through to Level 3 opens up myriad tertiary study pathways in Commerce, all with strong career prospects.

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 17 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 8 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90980 v3
NZQA Info
Accounting 1.5 - Interpret accounting information for sole proprietors
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90981 v3
NZQA Info
Accounting 1.6 - Make a financial decision for an individual or group
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 17
Total Level 1 Literacy Credits: 7
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

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