3ACC

Level 3 Accounting*

Course selection will be active in August.

Course Description

The partnership and company business forms are introduced in terms of processing (general journal entries and ledger accounts) and financial statements are prepared in the format applicable to the entity. The analysis and interpretation focus is on external users. A new Accounting concept of Job Costing for manufacturing and service businesses is introduced.

Learning Opportunities

In this course you will need to:

Develop these skills:Explore this content:
  • Information use- classify/code, report and process financial information for  Partnerships, Companies and Job Costing.
  • How and why to prepare Financial Statements for a Company. 
  • Applied academic skills- Prepare and explain accounting entries for Partnerships, Companies and Manufacturing Job Cost subsystem.
  • Prepare and explain accounting entries for Partnerships and Manufacturing Job Cost subsystem.
  • Critical Thinking- interpret Financial Statements using percentages and ratios and make recommendations.
  • Research and prepare a formal report that comprehensively interprets a listed company’s financial report and justifies a recommendation for an external user. The report will examine Financial Performance, Liquidity and Cash Management, and Market Analysis. XERO is the in class example. 
  • Interpersonal skills- group collaboration using research skills.
  • How to develop Collaboration within the Business workplace environment.


                   

Resources Required

1 Folder
1 A4 Lined Refill Pad.

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 18 credits.
Externally Assessed Credits: 5 credits.
Internally Assessed Credits: 13 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91405 v2
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
A.S. 91406 v2
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
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
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: Y
A.S. 91409 v2
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0 *
Numeracy Credits: Y
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 9
Total University Entrance Literacy Credits: 5
Total Numeracy Credits: 18

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

This course is University approved and will allow you to meet the requirements for University Entrance.

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