Accounting - Level 3
ACC3 Course DescriptionTeacher in Charge: A. Scholes
Accounting is the study of how we communicate financial information to businesses/organisations to help their decision-making.
- This course will promote knowledge and understanding of Accounting as a financial language for partnerships and companies, which may be service, trading or manufacturing businesses.
- Provides a foundation for any commercial study at a tertiary level – (BCom, BMS, BFin)
- One external and all three internals must be completed to use this course for UE.
Course Overview
Term 1
Partnerships (4 credits, int)
Demonstrate an understanding of accounting for Partnerships.
- the formation of an accounting entity with two or more owners.
Job Costing (4 credits, int)
Demonstrate understanding of a Job Cost Subsystem for an entity.
- the process of calculating the cost of manufacturing a product and arriving at a price for the customer.
Term 2
Investor Report (5 credits, int)
Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity.
- analysing the key information related to a publicly listed company and drawing conclusions to provide advice to a potential investor.
Decision-making (4 credits, ext)
Demonstrate understanding of management accounting to inform decision making.
Term 3
Financial Statements (5 credits, ext)
Demonstrate understanding of company Financial Statement preparation.
- this is the first insight into accounting for large companies that have shareholders.
Term 4
Preparing for the exam.
If you did not take a pathway course at Level 2, or achieved fewer than 14 credits in that course, you will need HOD approval.
Credit Information
This course is eligible for subject endorsement.
Course endorsement provides recognition for a student who has performed exceptionally well in an individual course.
Students will gain an endorsement for a course if, in a single school year, they achieve:
14 or more credits at Merit or Excellence, and
at least 3 of these credits from externally assessed standards and 3 credits from internally assessed standards.
This course is approved for University Entrance.
For a full list of UE approved subjects, go here:
https://www.nzqa.govt.nz/qualifications-standards/awards/university-entrance/approved-subjects
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
|
A.S. 91409 v2
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Assessments: Term: 1, Week: 9 Term: 1, Week: 10 |
3 |
I |
4 |
Y |
* |
Y |
| A.S. 91408 v2 Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making | 3 |
E |
4 |
Y |
* |
Y |
|
A.S. 91407 v2
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
Assessments: Term: 2, Week: 6 Term: 2, Week: 7 Term: 2, Week: 8 Term: 2, Week: 9 Term: 2, Week: 10 |
3 |
I |
5 |
Y |
5r,5w * |
Y |
| A.S. 91406 v2 Accounting 3.3 - Demonstrate understanding of company financial statement preparation | 3 |
E |
5 |
* |
Y |
|
|
A.S. 91405 v2
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
Assessments: Term: 1, Week: 4 Term: 1, Week: 5 |
3 |
I |
4 |
* |
Y |
|
Total Credits |
||||||
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.
Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.
POLICY
It is the policy of Tauranga Boys’ College to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.