2ACC
This course requires 2 options.

Level 2 Accounting

Subject Description

Teacher in Charge: Mr B. Wedlake

Level 2 Accounting

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Level 2 Accounting builds on skills gained in Level 1, plus it introduces subsystems used to safeguard key business assets such as inventory and accounts receivable. Students learn how to analyze and interpret financial information and they get to write a report for a client, all skills which qualify them as budding business advisers. At Level 2, students also get to process transactions using Accounting software (XERO). Over the past few years, it has become a tradition to run a combined Accounting and Economics trip to Wellington. This gives students ‘real-life’ insights into the curricula they are currently studying, the way government and the Commerce industry inter-relate, and career options they may not have considered.

To meet requirements, it is expected that students will attempt up to four achievement standards during the year. Standards offered at this level comprise 19 credits. 

The world of Accounting is changing. Today, technology takes care of the numbers, while the accountant’s role is telling the story behind the figures and giving business advice. In New Zealand, financial literacy is being prioritized in schools to help ensure individuals gain skills to better manage their personal finances. Financial literacy is crucial to organizations, too! Businesses, government departments, schools, hospitals, churches, and clubs all need people who understand the financials. This is why qualified accountants are in high demand globally. Right now, in the USA, a bill is going through Congress to add Accounting to the STEM subjects. Accounting, along with Science, Technology, Engineering and Mathematics is being prioritized in the American education system.

Recommended Prior Learning

Literacy and numeracy NCEA Level 1 or by consultation with Mr Wedlake. 



Approximate Costs and Equipment/Stationery

Optional write-on workbooks - approximately $35
Optional field trip to Wellington - approx $350 - $400.

Pathway

Level 3 Accounting leads on to Level 3 Accounting and from there to myriad Commerce tertiary study opportunities and subsequent career paths.

Credit Information

Total Credits Available: 19 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91175 v2
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91176 v2
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91177 v2
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91179 v2
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91386 v2
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
Credit Summary
Total Credits: 19
Total Level 1 Literacy Credits: 10
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 19