Accounting Level 3
Course Description
Teacher in Charge: Mr D. Lynch.
At level 3 students will further develop a knowledge of financial accounting principles, processes and systems. Skills learnt at Levels 1 and 2 will be further developed to enable students to apply their knowledge, understandings to partnerships, companies and manufacturing entities. Students will be exposed to aspects of management accounting.
General
This course aims to:
•Develop student’s understanding of the role in society as a financial language for partnerships, companies and manufacturing concerns.
•Provide students with knowledge of the principles, processes and systems of Accounting.
•Enable students to apply financial knowledge and skills to practical situations
This level of study is organised into five major themes. Entities at this level are limited to partnerships and incorporated companies.
Theme 1 Partnerships
You will learn how to prepare and analyse financial and non-financial information for partnerships.
Theme 2 Finanacial Statements
You will learn how to record, prepare and process financial transactions for particular entities.
Theme 3 Accounting Reports
You will learn how to analyse, present and report financial information to interested parties for particular entities.
Theme 4 Job Costing
You will learn how to analyse, interpret and evaluate financial and non-financial information for a production company.
Theme 5 Management Accounting
You will learn how to analyse, interpret and evaluate financial and non-financial information to make informed decisions.
Recommended Prior Learning
Recommended Prior Learning
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 22
Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.
Pathway Possibilities
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,