12AC1

12 Accounting 1

Course Description

Teacher in Charge: Blair Gilbert

Students will:

Focus on acquiring and developing business-related accounting skills and theory, learning to process more complex transactions and how to prepare financial statements manually and by computer.


Investigate and report on accounting subsystems as well as analysing and interpreting sole proprietor statements in more detail than at Level 1.


Prerequisites

At least 15 credits in Level 1 Accounting (11AC1) including achieved or better in AS90977 and AS90978

OR HoF approval


Contributions and Equipment/Stationery

*12AC1* - Supplementary costs: Approx $40

Pathway

Career Pathways

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 27 credits.
Externally Assessed Credits: 13 credits.
Internally Assessed Credits: 14 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91174 v2
NZQA Info
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0

Assessments:
Term: 4, Week: 1

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: Y

Assessments:
Term: 2, Week: 7

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: Y

Assessments:
Term: 1, Week: 7

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: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91179 v2
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91386 v2
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91868 v1
NZQA Info
Agribusiness 2.10 - Demonstrate understanding of cash flow forecasting for a business

Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 27
Total Level 1 Literacy Credits: 18
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 19