Pakuranga College Pakuranga College

Level 3 Accounting

13ACC
Course Description

In 13ACC you will learn how partnerships operate, including how profits are distributed and financial records are maintained. You will also interpret the annual report of a NewZealand based reporting entity to prepare a report for an external user analysing financial statements and evaluating business performance. Job costing is also explored where you will calculate and apply costs to specific jobs. This leads into management decision making where you will learn how to prepare and analyse detailed financial information to help businesses make informed decisions.


Course Overview

Term 1
You will do a combination of processing financial information and understanding the theory behind things such as how partnerships are formed and how profits are shared.
You will start researching and interpreting an annual report of a New Zealand listed company with the aim of preparing a report to help a user make an informed decision.

Term 2
Continuation of researching and interpreting an annual report, with an emphasis on the preparation of your report.
Job Costing will get you to understand different cost concepts, calculation of overhead rate, applied overheads, underapplied/overapplied overheads, and processing source documents.

Term 3
Continuation of Job Costing, with an emphasis on processing transactions and understanding the theory behind Job Costing (what is it, why is it used, how is it used, and the consequences of using it).
Management Decision Making will make use of your skills and knowledge you learned in Job Costing. You will look at the types of decisions businesses make and the tools used to make informed decisions. Tools include budgets and cost-volume-profit analysis.

Term 4
Revision for the Management Decision Making external exam.

Learning Areas:

SOCIAL SCIENCES


Assessment Information

A.S 91407 (annual report) will require a device for not only researching but preparing your report.
All other internals and the one external are paper-based.

Career Pathways

Accountant, Auditor, Accounts Officer, Actuary, Finance Manager, Quantity Surveyor, Economist, Financial Adviser, Mortgage Broker, Payroll Officer, Management Consultant



			


				

Disclaimer

* PLEASE NOTE

For senior courses, standards listed are indicative only and are subject to change.