Level 3 Accounting

13AC
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.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
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. 91408 v2 Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
3
E
4
Y
*
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: 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.

Total Credits Available: 17 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 8 credits.