Riccarton High School Riccarton High School

Level 3 Accounting

Subject Description

Teacher in Charge: Mr B. Wedlake.

Recommended Prior Learning

Literacy and numeracy NCEA Level 2 or by consultation with Mr Wedlake.

Level 3 Accounting

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Debit Credit Analysis - Overview, Classical Approach, Financial Statements

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

Learning Areas:

Commerce, Tikanga ā-iwi - Social Sciences

Career Pathways

Payroll Officer, Project Manager, Management Consultant, Data Analyst, Managing Director/Chief Executive, Accountant, Auditor, Actuary, Finance Manager, Economist, Financial Adviser, Debt Collector

Approximate Costs and Equipment/Stationery

Approximately $35 for optional write-on workbooks.