13AC

Level 3 Accounting

Subject Description

Teacher in Charge: Mrs H. McClurg

Accounting at Level 3 changes focus from Sole Traders to Companies and Partnerships. Students learn to process entries and report financial information for these entities.

There are also two Standards on Management Accounting and Job Costing

The assessment consists of two internal and two external standards with the option of including one more.




Contributions and Equipment/Stationery

The workbooks used during this course will be available for optional student purchase at a cost of approximately $28

Recommended Prior Learning

15 credits at Level 2 in Accounting or 14 credits at Level 1 if Level 2 not attempted

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 17 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 8 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: Y
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: Y
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: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
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: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
Credit Summary
Total Credits: 17
Total Level 1 Literacy Credits: 8
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 17

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.