Westlake Boys High School
Level 2 Accounting
Course Description
Teacher in Charge: Mrs C. Labuschagne.
Level 2 Accounting
Accounting is the process of preparing and communicating financial information to a wide range of users. The course gives students the tools to make real life financial decisions in a constantly changing and uncertain world and helps individuals and organizations to be accountable to stakeholders for their actions. In this course you will develop your understanding of the role of accounting in society as a financial language for businesses, in particular sole traders.
Accounting students will be extended through the completion of a Level 3 standard, which will expand students’ knowledge of accounting processinnt forms of business structures.
Xero is used by small businesses, accountants, bookkeepers, schools and universities in over 180 countries around the world. Using a global platform means students are using real business software to develop real workplace skills while they learn to process business transactions. Students will also use the computer applications software, Xero, to learn how accounting is practiced in the workplace.
Course Overview
Term 1
The focus will be on 2.3 during term 1. Students will be learning how to prepare financial statements for an entity that operates accounting subsystems. This will include preparing the Income Statement, Statement of Financial Position as well as Cash Flow Statement of an entity. This will be tested during term 2, Mid Year exams.
Term 2
The students will be working on their first internal assessment, 2.2 - Demonstrate understanding of Accounting Processes using accounting software (XERO). This is an open book individual assessment. Students will have access to notes, texts, and any other appropriate resources. This assessment is a computer-based activity using a software package and is to be completed at school under teacher supervision.. During mid-year exams students will be tested on 2.3 which was taught during term 1. After mid-year exams the focus will be on the next internal, 2.6 – Understanding of an Accounts Receivable subsystem for an entity. Students will be required to process financial information for the entity’s accounts receivable and justify elements of the entity’s accounts receivable system.
Term 3
This term we will be looking at 3.6 - Demonstrate understanding of a job cost subsystem for an entity. This level 3 internal will be offered as an extension course for the more capable student. Students will process and explain the purpose and elements of a job cost system for an entity, processing financial information to determine the cost of a job. Teaching and learning will then focus on the final external standard for the year 2.4 –Interpret accounting information for entities that operate accounting subsystems. Some topics from this standard will also be examined in the end of year school exams. During the weeks lead up to the end of year school exams there will be structured revision in class.
Term 4
The focus in term 4 will be about revisiting 2.3 with an extensive revision program. Revision for NCEA exams (2.3 and 2.4) will take place in class and will be structured around the individual learners needs.
Entry Criteria
Students must meet the requirements to study a Level 2 NCEA Award.
Equipment/Stationery and Course Costs
This course makes significant use of digital learning material at various times during the year. It is advantageous for a student to have a laptop during these times. Some learning activities, including assessments, will not be able to be completed without a laptop.
Pathway
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for NCEA Course Endorsement.
This course is approved for University Entrance.
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 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Disclaimer
Course selection does not guarantee a course will be available or that you have approval to take a course. Final course confirmation is in January and depends on your final results and in rare cases, staff availability.
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