12ACC

Year 12 Accounting (Level 2)

Subject Description

Head of Faculty: Mrs D. Kiely.

The Level 2 Accounting course further utilises the knowledge, understanding and analysis skills gained in Year 11 Accounting. The focus continues to be on providing financial information to individuals, households, communities and small businesses. The objectives of the course are to enable students to:

  • Manage the financial affairs of individuals, whānau, and local or regional entities, that operate accounting sub-systems, while acting with integrity.
  • Make use of appropriate communication tools and skills to process, report, and interpret information for individuals, whānau, and local or regional entities, that operate accounting sub-systems.

Subject Overview

Term 1
Prepare Financial Information for a Sole Trader (external examination)
• Prepare journals and ledgers
• Prepare income statements, statements of financial position and cash flow statements

Term 2
Accounting Software (internal assessment)
• Demonstrate understanding of accounting processing using the software Xero.
Contemporary Accounting Issue (internal assessment)
• Demonstrate understanding of how businesses integrate sustainability into their business model.
• This assessment is in the form of a written report.

Term 3
Analysis and Interpretation (external examination)
• Profitability
• Liquidity and cash flow
• Equity and return on investment
• Collection of debts
• Management effectiveness
• A range of calculations and written answers are required for this Achievement Standard.

Term 4
• Prepare for the external examinations

Prerequisites

Students who have attained at least 14 credits in the Year 11 Accounting course. 

Discretionary entry will be offered by the Head of Faculty.  

 

Pathway

Credit Information

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

Total Credits Available: 17
Internal Assessed Credits: 8
External Assessed Credits: 9
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91175 v2
NZQA Info

Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91176 v2
NZQA Info

Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems


Level: 2
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91177 v2
NZQA Info

Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems


Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91481 v2
NZQA Info

Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making


Level: 2
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: 0
Total Numeracy Credits: 0