Level 2 Accounting
12ACC Course DescriptionTeacher in Charge: Mr D. Thai.
How do businesses forecast their cash flow? How do they process financial transactions? How do they keep track of money owed by their customers? And how do they prepare and communicate information for users? You will find out the answers to these questions through learning how to use tools such as Google Sheets and Xero which are used by businesses all around the world.
Course Overview
Term 1
Cash is king. Cash flow and liquidity (the ability to pay immediate debts) are very important to the survival of a business. You will learn how businesses forecast their cash flow and how they need to react when factors outside of their control happen.
Term 2
Xero to Hero. Xero is a New Zealand technology company which provides accounting software to businesses all around the world and even Pakūranga College. You will get a chance to do some real-world accounting through processing a variety of transactions.
Bad Romance (Debts). One way to ensure cash is constantly flowing into the business is through having a strong accounts receivable system. Accounts receivable are a business’ credit customers (customers who will pay later) and you will get an understanding of how businesses manage and prevent them from becoming bad debts.
Term 3
Making a Statement. Putting together everything you will have learned, you will learn how to prepare financial statements (income statement, statement of financial position, and cash flow statement). These statements help businesses make informed decisions as well as help users outside the business decide whether to invest or lend money.
Term 4
Revise for A.S. 91176 Financial Statements external exam.
Assessment Information
A.S. 91868 (cash flow forecasting) and A.S. 91175 will require the use of a device as both standards make use of online software (Google Sheets and Xero).
A.S. 91176 (financial statements) is a paper-based external assessment.
You will need Stationery (notebook, pens, pencils, ruler, and calculator) and a device.
Career PathwaysAccountant, Auditor, Accounts Officer, Actuary, Finance Manager, Quantity Surveyor, Economist, Financial Adviser, Mortgage Broker, Payroll Officer, Management Consultant