Accounting Level 3

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