Accounting Level 3

L3ACC
Course Description

Teacher in Charge: Mr B. Choromanski

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 four major themes. Entities at this level are limited to service and retail undertakings and incorporated societies.
Theme 1 The Conceptual basis of Accounting
You will develop an understanding of the foundations of Accounting, the principles on which it is based and how they are applied in a range of situations.
Theme 2 Processing
You will learn how to record and process the impact of financial transactions for particular entities
Theme 3 Accounting Reports
You will learn how to present and report financial information to interested parties for particular entities.
Theme 4 Decision Making
You will learn how to analyse, interpret and evaluate financial and non-financial information to make informed decisions.


Recommended Prior Learning

Achievement of: 15 credits in Level 2 Accounting including a pass in 2.1, 2.5 and 2.6


Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91404 v2 Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity
3
E
4
Y
4r,4w *
A.S. 91405 v2 Accounting 3.2 - Demonstrate understanding of accounting for partnerships
3
I
4
*
Y
A.S. 91406 v2 Accounting 3.3 - Demonstrate understanding of company financial statement preparation
3
E
5
*
Y
A.S. 91407 v2 Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
3
I
5
Y
5r,5w *
Y
A.S. 91409 v2 Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
3
I
4
Y
*
Y
Total Credits
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.

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

Pathway Tags

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