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.
External
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
NZQA Info
Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making
Possible Careers
Accountant, Auditor, Accounts Officer, Actuary, Finance Manager, Advertising Specialist, Business Analyst, Statistician, Insurance Loss Adjuster, Bank Worker, Debt Collector, Property Manager, Managing Director/Chief Executive, Civil Engineer, Quantity Surveyor, Economist, Financial Adviser, Insurance Adviser, Mortgage Broker, Office Manager, Management Consultant, Data Analyst, Facilities Manager,