Kelston Boys’ High School
Level 2 Accounting
Course Description
Teacher in Charge: Mr P. Rutherford.
ACCOUNTING - YEAR 12
NCEA LEVEL 2
CODE: 12ACC
Accounting can be studied up to Level 3 (Year 13). It may be picked up for the first time at Level 2 provided students have Level 1 Literacy and Numeracy.
Accounting at Level 2 looks in detail at two subsystems within a trading business, including recording, documentation, internal controls and processing through ledger accounts. Commercial software is used and students will also prepare and analyse final accounts in terms of profitability, financial stability and management effectiveness. Anyone aspiring to a position of responsibility in any field will benefit from an understanding of accounting subsystems for budgeting, accountability and control as well as understanding final accounting reports as investors, employees or other interested parties.
Accounting concepts for a sole proprietor
Accounting Processing
Using commercial accounting software, the setting up and operation of a computerised accounting system
Accounting for subsystems of a trading firm
An in-depth accounting study of Inventory and Accounts Receivable
Note: this covers two Achievement Standards. Students are only required to complete one, but may chose to do both.
Preparing financial reports
Completing balance day adjustments and preparing an Income Statement, Balance Sheet, and Cashflow Statement.
Interpreting accounting information
Calculating analysis measures, describing trends, identifying links and making recommendations
Entry Requirements
If you have not taken Commerce or Financial Skills at Level 1, please talk to the teacher in charge before selecting this subject.
Supplementary Materials/ Equipment
$26 optional workbook
Pathway
Accounting career options
Accountant.
Auditor.
Business services and corporate accountant.
Forensic accountant.
Financial/Management accountant.
Tax adviser.
Banker
Business analyst.
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.
External
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
Pathway Tags
Accountant, Auditor, Accounts Officer, Actuary, Administration Officer, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Debt Collector, Property Manager, Building Contractor, Buyer, Cafe/Restaurant Manager, Motor Vehicle Salesperson, Insurance Claims Officer, Community Development Worker, Event Manager, Quantity Surveyor, Crop Farmer/Manager, Personal Assistant, Media Producer, Financial Adviser, Health Services Manager, Insurance Agent, Mortgage Broker, Office Manager, Payroll Officer, Purchasing/Supply Officer, Real Estate Agent, Secondary School Teacher, Management Consultant, Orchard Farmer/Manager,
Disclaimer
Course Selection is confirmed at the start of 2025. You can change the courses you have selected up until the start of next year provided there are still spaces in the course you wish to change to.
Some courses may become unavailable due to the number of students taking the courses or changes in staffing.
New courses may also be introduced, in which case you will be notified and given the opportunity to select the new course.
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