13AC1

13 Accounting 1

Course Description

Teacher in Charge: Mrs M. Farquhar

Students will:

• Be provided with a foundation for the study of accounting at tertiary level
• Gain a fuller understanding of the conceptual basis of accounting, the processing of accounting data and
the preparation of financial reports for a partnership, a company and a manufacturing entity
• Prepare budgets and carry out cost-volume-profit analysis


Contributions and Equipment/Stationery

13AC1 - Supplementary costs: Approx $40

Prerequisites

*12AC1* - At least 15 credits in Level 2 Accounting 1 (12AC1) including achieved or better in AS91176
*12AC2* - At least 15 credits in Level 2 Accounting 2 (12AC2) including achieved or better in AS91176

OR HoD approval

Credit Information

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91409 v2
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity

Assessments:
Term: 2, Week: 5

Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
A.S. 91408 v2
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making

Assessments:
Term: 3, Week: 7

Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
A.S. 91407 v2
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity

Assessments:
Term: 1, Week: 11

Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: Y
A.S. 91406 v2
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation

Assessments:
Term: 2, Week: 10

Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
A.S. 91405 v2
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships

Assessments:
Term: 1, Week: 6

Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 13
Total University Entrance Literacy Credits: 5
TotalNumeracy Credits: 22

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 22

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.