Accounting
Accounting
Rationale
Accounting is taught from Year 11 to Year 13. In this subject students learn how to record, report on, and give advice about the financial affairs of New Zealand based businesses. By the end of Year 13 students can produce and analysis the finances for a manufacturing company listed on the New Zealand stock exchange.
All students will, at some stage of their lives, have contact with the financial world. This may be in the form of personal finances in their working life, considering areas of financial requirements for a business or as a future investor. In all cases a knowledge of accounting is an asset.
Content
Level 1 Accounting (All Achievement Standards)
- Demonstrate an understanding of the conceptual basis of Accounting.
- Demonstrate a method of processing financial information and analysis transactions.
- Process financial information for a sole proprietor.
- Demonstrate an understanding of accounting systems for entities.
- Prepare financial statements for sole proprietors.
- Report financial information for an individual or household, and, community organisation.
- Analyse and interpret information for a sole proprietor.
Level 2 Accounting (All Achievement Standards)
- Describe the conceptual basis of accounting for a sole proprietor.
- Investigate and report on accounting sub-systems.
- Demonstrate understanding of accounting processes for accounting sub-systems.
- Prepare financial statements and related accounting entries for a sole proprietor.
- Analyse and interpret information and make recommendations for a sole proprietor.
- Use computer software to process financial transactions for a sole proprietor.
Level 3 Accounting
Unit Standard
- Report financial statements for a listed company that comply with generally accepted accounting practices.
Achievement Standards
- Describe and apply the conceptual basis of accounting in context.
- Process financial information for partnerships and companies.
- Process information for a manufacturing job cost sub-system.
- Prepare financial statements for partnerships and companies.
- Explain and prepare information for management decision making.
Accounting leads to a wide range of careers. All business utilize accounting.
- Chartered Accountant
- Financial advisor
- Accounts clerk
- Office/senior management
- Banking & insurance
- Farm account manager