Level 2 Accounting

Level 2 Accounting

Level 2 Accounting builds on skills gained in L1 Commerce, 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 author 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. 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.