Bethlehem College
NCEA Level 3 Accounting
Subject Description
Teacher in Charge: Miss H. Smith.
Do you see yourself as a Climate Change Warrior, a Number Ninja or a Business Guru? Further studies in Accounting are here to help you on your way!
This course will introduce you to:
- Accounting for Partnerships, and
- Accounting for a New Zealand reporting entity.
We will also spend time with the legal requirements of doing business.
Subject Overview
Term 1
Buddy Balance Sheets
Learn about and become competent in accounting for a partnership business.
You will learn:
- The Partnership Act 2018, and
- Processing and reporting on financial information for a partnership.
This internal achievement standard includes a demonstration of your understanding of processing financial information using Excel and preparing a report that explains and justifies the variances allowed between the Partnership Act 2018 and a Partnership Agreement. If successful, this assessment will give 4 out of the 22 credits available.
Biz Decoding
A client approaches you for advice - "Which New Zealand company should I invest in?" Your ability to use simple mathematics to analyse a full set of financial reports and to explain and justify a recommendation is on display here.
This is an internal achievement standard and, if successful, will give 5 out of the 22 credits available, including both reading and writing.
Term 2
Fiscal Fundamentals
New Zealand accounting stands apart from the rest of the world with innovative financial reporting standards. This unit will not only further your knowledge about the conceptual basis of accounting but will also introduce the Companies Act 1993 and the Financial Reporting Act 1993.
This is an external achievement standard and, if successful, will give 4 out of the 22 credits available, including both reading and writing.
Term 3
Adventures in Accounting
Enter the new world of company accounting. This new way of looking at financial reporting will keep you on your toes as you discover new journal entries and ledger balances. And that's not even counting the awesomeness of the Statement of Cashflows!
This is an external achievement standard and, if successful, will give 5 out of the 22 credits available.
Project Price Tag
So, how does a business decide on the price of their product? By the end of this short and sweet unit, you will be able to do just that.
This is an internal achievement standard and, if successful, will give 3 out of the 22 credits available.
Term 4
Tune-up Time
You will take time to review and revise the concepts and technical skills you have learned this year. By the end of this time you will be able to confidently approach the external examinations, knowing that you have done your best!
Prior Learning
While prior learning from either Y11 or Level 2 Accounting is preferred, this class has no prerequisites.
However, if you have not studied Accounting before you will have to meet with Whaea Helen before you are accepted into the class, and you will be expected to undertake some catch-up work over the summer holidays.
Contributions and Equipment/Stationery
Fee: Workbooks $40.
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.
External
NZQA Info
Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
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.
Pathway Tags
Accountant, Auditor, Accounts Officer, Actuary, Finance Manager, Agricultural/Horticultural Consultant, Barrister, Bank Worker, Elected Government Representative, Information Technology Manager, Quantity Surveyor, Legal Executive, Solicitor, Economist, Information Technology Architect, Financial Adviser, Agricultural/Horticultural Field Representative, Mortgage Broker, Payroll Officer, Management Consultant,
Useful Links
Disclaimer
Your selection does not guarantee course placement. Course costs and standards listed may vary.
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