Accounting

Year 11 Accounting    (11ACC)

The year 11 Accounting course covers the following:

• Developing an understanding of the principles on which Accounting is based and how they are applied in a range of situations
• Recording and processing financial transactions
• Understanding an accounting system including documents, accounting records and appropriate control measures
• Reporting financial information
• Analysing, interpreting and evaluating financial and non-financial information to make informed decisions

Students study five topics (standards) that count for a minimum of 21 credits towards Level 1 NCEA.

Internal Standards (Assignments)

• 90977  (1.2)  Process financial transactions for a small entity  (5 credits)
• 90981  (1.6)  Make a financial decision for an individual or group  (3 credits)
• 90982  (1.7)  Demonstrate understanding of cash management for a small entity  (4 credits)

External Standards (Exams)

• 90978  (1.3)  Prepare financial statements for a sole proprietors  (5 credits)
• 90980  (1.5)  Interpret Accounting information for Sole Proprietors  (4 credits)

Year 12 Accounting    (12ACC)

The year 12 Accounting course comprises:

• The conceptual basis of Accounting
• Processing
• Accounting systems
• Accounting reports
• Decision making

Students study five topics (standards) that count for 19 credits towards Level 2 NCEA.

Internal Standards (Assignments)

• 91175  (2.2)  Demonstrate understanding of Accounting processing using Accounting software  (4 credits)              
• 91179  (2.6)  Demonstrate understanding of an Accounts Receivable subsystem for an entity  (3 credits)
• 91386  (2.7)  Demonstrate understanding of an inventory subsystem for an entity  (3 credits)

External Standards (Exams)

• 91174  (2.1)  Demonstrate understanding of Accounting concepts for an entity that operates Accounting subsystems  (4 credits)
• 91176  (2.3)  Prepare financial information for an entity that operates Accounting subsystems  (5 credits)

Year 13 Accounting    (13ACC)

The year 13 Accounting course covers:

• Developing an understanding of the principles on which Accounting is based and how they are applied in a range of situations
• Recording and processing financial transactions
• Describing and evaluating a job cost system
• Reporting financial information to interested parties
• Analysing, interpreting and evaluating financial and non-financial information to make informed decisions

Students study five topics (standards) that count for 21 credits towards Level 3 NCEA.

Internal Standards (Assignments)

• 91405  (3.2)  Demonstrate understanding of Accounting for partnerships   (4 credits)
• 91409  (3.6)  Demonstrate understanding of a job cost subsystem for an entity  (4 credits)

External Standards (Exams)

• 91404  (3.1)  Demonstrate an understanding of Accounting concepts for a reporting entity  (4 credits)
• 91406  (3.3)  Demonstrate understanding of company financial statement preparation  (5 credits)
• 91408  (3.5)  Demonstrate understanding of management accounting to make a decision  (4 credits)

Scholarship students will do AS91407 (3.4) - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity.