Riccarton High School
This course requires 2 options.
Level 3 Accounting
Although next year timetables are yet to be finalised, course selection is now finished. Any changes to student courses will now take place in January.
Subject Description
Teacher in Charge: Mr B. Wedlake.
Level 3 Accounting
Level 3 Accounting is a step up from Level 2. We now move on from sole traders to companies. This means processing share issues and repurchases, dividends, company taxation and asset revaluations, and then showing the respective impacts of these on the financial statements. As part of this course, students analyze the annual results of a NZ public company and write a report for a client who is considering investing in that company. Also included in this course are management decision-making, job costing and accounting for partnerships. The focus this year is to be able to tell the story behind the figures and offer appropriate business advice.
Level 3 Accounting is a university-approved subject. To meet requirements, it is expected that students will attempt up to four achievement standards during the year. Standards offered at this level comprise twenty-two 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 such high demand. In the USA, Accounting is being added to the STEM subjects. Accounting, along with Science, Technology, Engineering and Mathematics is being prioritized in the American education system.
Subject Overview
Term 1
Partnership accounting
Job Cost Accounting
Term 2
Company Reporting
Writing a report on a NZ Public Company
Term 3
Management Decision-making
Term 4
Revision
Recommended Prior Learning
Literacy and numeracy NCEA Level 2 or by consultation with Mr Wedlake.
Approximate Costs and Equipment/Stationery
Approximately $35 for optional write-on workbooks.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
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.
Pathway Tags
Accountant, Auditor, Accounts Officer, Actuary, Administration Officer, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Debt Collector, Property ManagerBuyer, Cafe/Restaurant Manager, Manager, Financial Adviser, Health Services Manager, Office Manager, Payroll Officer, Purchasing/Supply Officer, Secondary School Teacher, Management Consultant,
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