L3ACC

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 a Pass Level 2 External Achievement Standard 91174 Financial Statements



Recommended Prior Learning

Recommended a Pass Level 2 External Achievement Standard 91174 Financial Statements

Career Pathways

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 22
Internal Assessed Credits: 13
External Assessed Credits: 9
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91404 v2
NZQA Info

Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91405 v2
NZQA Info

Accounting 3.2 - Demonstrate understanding of accounting for partnerships


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91406 v2
NZQA Info

Accounting 3.3 - Demonstrate understanding of company financial statement preparation


Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91407 v2
NZQA Info

Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0
A.S. 91409 v2
NZQA Info

Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 9
Total Numeracy Credits: 0

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.