12ACC

Accounting Level 2

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

14 credits in Level 1 Accounting including 1.3

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.

Total Credits Available: 19 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 10 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: 0
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: 0
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: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 19
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

Disclaimer

Course Selection is confirmed at the start of 2024.  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.