12ACO

Level 2 Accounting

Course Description

Teacher in Charge: Mrs P. Beech


Year 12 Accounting looks in detail at businesses which use Accounts Receivable and  Accounts Payable subsystems. Students will learn about the importance of inventory management and how a firm may do this. Preparation and interpretation of financial statements is again key to the year 12 programme with a significant focus on the period end adjustments. This year includes a combination of emphasis on manual and computer processing of transactions. Students are also expected to look at how a contemporary accounting issue affects decision making for an accounting entity.



Course Overview

Term 1
Accounting Concepts

Accounts Receivable sub-systems

Term 2
Contemporary accounting issues affecting decision making

Inventory subsystems

Term 3
Financial Statement preparation


Using accounting software to process financial transactions or cash flows

Term 4
Revision and exams

Recommended Prior Learning

It is highly recommended that you have studied Accounting at NCEA Level 1.

Contributions and Equipment/Stationery

Workbook purchase recommended price $35, for students to have a write-on, personal, take home copy, but text copies will be available for students use if preferred.

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 27 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 18 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91174 v2
NZQA Info
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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
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. 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. 91386 v2
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory 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. 91481 v2
NZQA Info
Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91868 v1
NZQA Info
Agribusiness 2.10 - Demonstrate understanding of cash flow forecasting for a business
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 27
Total Level 1 Literacy Credits: 18
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 15

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