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 their respective impacts on the financial statements. As part of this course, students get to analyze the annual report of a NZ public company so they can make a recommendation to a client on buying shares in that company. Also included in this course are management decision-making, job costing and accounting for partnerships. The focus this year is being 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. 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.

Learning Areas:

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.

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