Level 3 Accounting
13ACC Course DescriptionTeacher in Charge: Mrs C. Labuschagne.
Entry CriteriaEntry into Level 3 Accounting requires successful completion of a Level 2 course in Accounting.
Students must all meet the requirements to study a Level 3 NCEA Award.
Level 3 Accounting
This course looks at the global business environment, but with a special focus on New Zealand and the accounting framework that we operate in from a reporting perspective. Students will be introduced to advanced accounting principles and procedures where they will learn about financial statements for corporations and how those statements are interpreted in making business decisions.
This course expands students’ knowledge of sources of financing, further develops accounting methods for assets, and introduces accounting for corporations. Students will also acquire an understanding of specialized journals, subsidiary ledgers, income tax reporting, share issues and budgeting.
Scholarship
The more able students will be offered Scholarship which will further build-on the critical thinking and decision-making skills, by looking at advanced policies that are used in accounting to prepare financial information.
These students will also attend NCEA Scholarship Accounting Revision Day at Waikato Management School where they will receive expert guidance from accounting lecturers and tutors on how to prepare for their upcoming scholarship exams.
Course Overview
Term 1
The focus will be on 3.3 during term 1. Students will be learning how to prepare financial statements of a company. This will include preparing the Income Statement, Statement of Financial Position as well as Cash Flow Statement of a company. This will be tested during term 2, Mid Year exams.
Term 2
The students will be working on their first internal assessment, 3.4 - Preparing a report for an external user that interprets the annual report of a nominated New Zealand reporting entity. During mid-year exams students will be tested on 3.3 which was taught during term 1. After mid-year exams the focus will be on the next internal, 3.6 - Demonstrating understanding of a job cost subsystem for an entity.
Term 3
This term we will be looking at the final external, 3.5 - Understanding of management accounting to make informed decisions. This standard as well as 3.3 will 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 3.3 with an extensive revision program. Revision for NCEA exams (3.3 and 3.5) will take place in class and will be structured around the individual learners needs.
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.