11ACC

Level 1 Accounting

Course Description

Teacher in Charge: Mr B. Peel

Accounting gives you the tools to make real life financial decisions in a constantly changing and uncertain world. It includes the analysis of financial and non-financial information and communicating that information effectively to users and decision-makers.

Level 1 Accounting is not just about being an accountant, it will teach you the basic skills you need to manage your finances and that of a business now and in the future. It puts you in control.

Accounting requires numerical ability, but if you can add, subtract and calculate the odd percentage then you should be fine.

You will learn to:
• understand the rules of accounting
• make financial decisions
• process and prepare financial statements for a business, household and community group
• analyse the financial information of a business to determine how successful it is and what it needs to do to improve


Pathway

Contributions and Equipment/Stationery

Workbook costing approximately $40.

Recommended Prior Learning

Open Entry

Credit Information

Total Credits Available: 20 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 12 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90981 v3
NZQA Info
Accounting 1.6 - Make a financial decision for an individual or group
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90979 v3
NZQA Info
Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90976 v3
NZQA Info
Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities
3
3
3
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 10
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0