13ACT

13ACT - Accounting - NCEA Level 3

Course Description

Teacher in Charge: Mrs C. Guthrie.

13 Accounting - NCEA Level 3

Course Statement

This course focuses on the application, understanding, critical analysis and interpretation of financial and non-financial information of partnerships and company ownership structures. Students will prepare a comprehensive investment analysis report on a large New Zealand based business and be able to prepare Financial Statements in line with International Financial Reporting Standards. In addition to this, we will also look at the impact Management Accounting has on the way decisions are made in business and ultimately how businesses are run at a strategic level.


Topics Covered
  • Demonstrate an understanding of a job costing subsystem for an entity.

  • Partnership Accounting.

  • Financial Statement preparation for a company to external reporting standards in line with NZ IFRS and NZ IAS.

  • Prepare a report that contains both Financial and Non - Financial information on a New Zealand reporting entity.

  • Demonstrate and understanding of Management Accounting and how it is used to inform decision making.




Recommended Prior Learning


Prerequisite:

Entry Criteria


Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

This course is approved for University Entrance.

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

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91405 v2
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91406 v2
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91407 v2
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0
A.S. 91408 v2
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91409 v2
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 5
Total Numeracy Credits: 0

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.

Disclaimer

All subjects for 2024 are subject to numbers and staff.