Tauranga Boys’ College
This course requires 2 options.
11 Accounting
Course Description
Teacher in Charge: Anna Scholes.
Accounting is the study of how we communicate financial information to individuals and businesses to help their decision-making.
This course aims to promote knowledge and understanding of financial information for individuals, community organisations and businesses, and enable students to apply financial knowledge and skills to practical situations. Understanding the basic financial principles allows individuals to make informed decisions in life.
The stereotype of a pencil pushing accountant hunched over a calculator scribbling sums couldn't be be more inaccurate in todays world. Successful accountants today are leaders in any industry because they are:
- innovative.
- good with money.
- confident decision makers.
As a result, they have transferable, strongly valued skills that make them exceptional and visionary business leaders.
FAQ
Q. What is the difference between Accounting and Economics?
Even though they are both “businessy” subjects, they are completely different.
Decision making in business can be assisted using financial information.
Accounting helps us to understand financial information and make important decisions like improving profitability or investment decisions. Topics include; Xero, Cashflow, Spreadsheeting, Forecasting, Financial Documents and of course Financial Statements.
Economics is more about the environment that our business operates in. Studying this subject helps you to understand how the markets work that you sell your product to, and how the economy around you impacts your business.
Q. Can I do both?
Yes. If you have space in your timetable, students find that they complement each other really well and are completely different to each other. None of the material overlaps.
Q. Can I move between subjects over 3 years?
Yes, they can be picked up at any stage, if you are dedicated enough to catch up on the content from the previous years.
Q. Where does it lead to?
Both subjects operate in the context of the “real world” and are highly relevant to what is actually happening “out there”.
Many Year 13 students that go on to tertiary study, study a Business/Commerce degree. These require both Economics and Accounting in the first year, thus the student is well positioned to move to the tertiary level content.
For those that don’t carry on to tertiary study, the learning and knowledge about the way in which the economy/business works and how both individuals and organisations can make good financial decisions is invaluable. As are the practical skills developed in both courses.
Q. Are Accounting and Economics becoming redundant with the improvement of software to complete many jobs previously completed manually?
No. While software may complete many jobs more quickly and accurately than in the past, this has shifted the work of accountants and economists into consulting and advocate roles where a deeper understanding of the underlying concepts is essential. Sound commerce advice will always be in need.
Course Overview
Term 1
Financial Literacy and Introduction to Accounting
- Budgeting and household spending
- Financial vocabulary
- Financial documents
- The Accounting Equation
- Kiwisaver, saving and investing
- Tax
Financial planning and Decision-making Activity
Term 2
Financial Information for Not-for-Profit and Community Organisations eg Clubs
- AGM Financial Statements
- Treasurers Report
- Making informed decisions for a group
Term 3
Financial Statements and Analysis for Small Businesses.
- Income Statement & Statement of Financial Position
- profitability
- liquidity and cash flow
- equity and return on investment
- making informed business decisions
Term 4
Preparing for the End of Year Exam
Prerequisites
Open Entry
Pathway
Assessment Information
| Paper | Description | Type | Weighting |
|---|---|---|---|
| Paper 11ACC1 | Financial Literacy | Internal | 10.00% |
| Paper 11ACC2 | Financial Planning & Decision-making | Internal | 20.00% |
| Paper 11ACC3 | Financial Statements & Community Organisations | Internal | 20.00% |
| Paper 11ACC4 | Examination | Internal | 50.00% |
Pathway Tags
Other Accounting roles; Business ownership Corporate Banking Business Advisor Finance Manager Auditor Financial Performance Analyst Billing Analyst Credit Manager Tax Consultant Pricing Manager Commercial Analyst Systems Analyst Director of Resources, Energy & Infrastructure Quantity surveyor,
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