12ACC

Level 2 Accounting

Course Description

Teacher in Charge: Mr B. Peel

Accurate accounting information is essential for decision makers in business. Financial data generated by an organisation or company is documented by accountants and the results are reported in financial statements.

Year 12 Accounting takes your understanding of Accounting to the next level. There will be analysis of real business accounting processes. One of the businesses we study is Rainbow’s End, which we visit to ask questions to gain more knowledge of financial and non-financial information that businesses use.

There are financial statements, analysis, and of course MYOB – an accounting software package used by many small businesses across the world – so you could be doing real accounting sooner rather than later

You will learn to:
• operate a commonly used accounting package to process financial transactions
• prepare complex accounting processing and financial statements for a sole proprietor
• think like a financial analyst and advise a client on the financial health of a business


Contributions and Equipment/Stationery

Workbook costing approximately $41.

Recommended Prior Learning

A minimum of 15 credits in Level 1 Accounting or at the discretion of the Head of Department.

Credit Information

Total Credits Available: 20 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 11 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: Y
A.S. 91179 v2
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91177 v2
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91176 v2
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91175 v2
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 7
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 20

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 4

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.