Level 3 Accounting

3ACC
Subject Description

Teacher in Charge: Mr B. Wedlake

At Level 3, the focus is on companies, with accounting entries extending to shares issues and repurchases, dividends, asset revaluations and taxation. A key component of this course is a report on a NZ public company's annual report, where students get the opportunity to research their chosen company and advise a client considering making an investment. Partnership accounting, job-cost accounting and management decision-making also feature. At the completion of this year, students are well equipped to embark on a tertiary Commerce qualification, be that in Accounting, Management, Finance, Taxation or any of the myriad of Commerce opportunities offering rewarding and satisfying careers.  


This course offers five standards comprising 22 credits. In order to complete course requirements, it is expected that students will attempt up to four achievement standards (18 credits) during the year.


Approximate Costs and Equipment/Stationery

Approximately $35 for optional write-on workbooks.


Recommended Prior Learning

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


Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91405 v2 Accounting 3.2 - Demonstrate understanding of accounting for partnerships
3
I
4
*
Y
A.S. 91406 v2 Accounting 3.3 - Demonstrate understanding of company financial statement preparation
3
E
5
*
Y
A.S. 91407 v2 Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
3
I
5
Y
5r,5w *
Y
A.S. 91408 v2 Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
3
E
4
Y
*
Y
A.S. 91409 v2 Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
3
I
4
Y
*
Y
Total Credits
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.

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

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