2ACC

Level 2 Accounting

Course selection will be active in August.

Course Description

Students will further their understanding of the financial world as it affects businesses and develop skills that will enable them to cope with the complexities of modern financial management.

Learning Opportunities

In this course you will need to:

Develop these skills:Explore this content:
  • Technology use- Process accounting information using an accounting software package.
  • How financial information is coded, recorded and presented in a computerised perpetual inventory system.
  • Information use- Process financial information for an entity’s Accounts Receivable subsystem.
  • Accounts Receivable subsystem- Process transactions in a subsidiary ledger and prepare a report analysing the subsystem.
  • Information use- Prepare and understand Financial Statements.
  • How to prepare Balance Day adjustments and Financial Statements  for Income, Position and Cash Flow.
  • Critical Thinking- Interpret Financial Statements using percentages and ratios and make recommendations.
  • Interpret accounting information which examines Financial Performance, Financial Position and Management effectiveness.


Resources Required

1 Folder
1 A4 Lined Refill Pad. Workbooks - (Optional) available from Officemax

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 16 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 7 credits.

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: Y
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
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

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

Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
Credit Summary
Total Credits: 16
Total Level 1 Literacy Credits: 7
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 16

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