13ACCO

Year 13 Accounting

Course Description

Teacher in Charge: Mr I. Sahib.

This course focuses on the application, understanding, critical analysis and interpretation of financial and non-financial information of partnerships. Students will prepare a comprehensive investment analysis report on a large New Zealand based business . In addition to this, we will also look at the impact Management Accounting has on the way decisions are made in business and ultimately how businesses are run at a strategic level. Cost Accounting will also form major part of the course where students will learn the importance of accurately costing the inventory and the repercussions of inaccurate costing.


Careers

Course Overview

Term 1
AS91409 v2 (4 credits)
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity

Term 2
AS91405 v2 (4 credits)
Accounting 3.2 - Demonstrate understanding of accounting for partnerships

Term 3
AS91407 v3 (5 Credits)
Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity

Term 4
AS91408 v2 (4 Credits) External
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making

Pathway

Accounting and studying it is beneficial because,
1.Good job security : Every business require accountants, with the development in the industries more job opportunities will be created
2.Growth potential : You can go for CPA or ICANZ and widen your career
3.Career ladder : Professionals like Chartered accountants and Cost and management accountants are in high demand, and can reach up to CEO or CFO's chair
4.Know the pulse of business: accounting is the language of business, and therefore studying it helps to analysis the operation of business, and can evaluate and assess the activities
5.Better financial management : A good accountant knows when to invest, when not to invest, how to invest, why to make provisions, how to manage financial resources etc, and thus beneficial to the concern of which he is part of
6.Financial discipline: Studying accounting makes us financially disciplined persons
7.Earning potential: CPA and ICANZ’s have a better opportunity to earn higher remuneration
8.Independence: CPA and ICANZ's can practice independently without joining any companies or institutions

Credit Information

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

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 17 credits.
Externally Assessed Credits: 4 credits.
Internally Assessed Credits: 13 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
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. 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. 91408 v2
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
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: 17
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 5
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 17

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.