Year 13 Accounting (Level 3)

The Level 3 Accounting course further utilises the knowledge, understanding and analysis skills gained in Level 1 and 2 Accounting and applies it to the context of partnership and company entities. The course covers Generally Accepted Accounting Practice (GAAP) including the New Zealand Framework, the New Zealand International Reporting Standards (NZIFRS) and the New Zealand International Accounting Standards (NZIAS) and the associated statutory requirements.

Topics covered include a selection from the following:

• Processing transactions and interpreting the outcomes for a Partnership.
• Processing transactions and preparing financial statements for a company.
• Using management accounting to discover how complex decisions are made in entities.
• Demonstrate understanding of a job cost subsystem for an entity.