Level 2 Accounting
12ACO Course DescriptionTeacher in Charge: Mrs P. Beech.
Recommended Prior LearningIt is highly recommended that you have studied Accounting at NCEA Level 1.
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
Pathway
Level 3 Accounting, Level 3 Business Studies
Career Pathways Contributions and Equipment/StationeryWorkbook 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.