11ACC

Year 11 Accounting (11ACC)

Course Description

Teacher in Charge: Mrs D. Reyneke

Year 11 Accounting is an introductory course. Almost everyone practises accounting in one form or another on a daily basis.  Accounting is part of measuring, communicating and interpreting financial activity.  Whether you are preparing a household budget, balancing your cheque book, preparing your income tax return or running a large corporation you are working with accounting concepts and accounting information.

It covers concepts for sole proprietors, financial statements including a cash budget and processing of transactions using online assessments (schoolsims programme).  Community organisation statements are done up to the point where the Treasurer presents his report to the AGM.

A school background in Accounting is useful if you wish to enter the world of commerce, business management, banking, tourism, marketing, insurance, information technology, resource management, finance, consultancy, advisory and self employment.

Course Overview

Term 1
Term 1- Cash management AS 90982
- Start Processing for a small business (AS 90977)

Term 2
Term 2 - Complete AS 90977
- Community organisations (Clubs) AS 90979

Term 3
Term 3 - Financial statements AS 90978 incl practice exam.

Term 4
Term 4 - Revision and external examination

Pre-requisites

None.

Contributions and Equipment/Stationery

$30 including end of the AME year study guide.

Pathway

Choosing Business and Management subjects will put you on a path to a number of careers particularly in the fields of business management, financial management, self-employment, insurance and human resources.

Credit Information

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. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90979 v3
NZQA Info
Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90982 v3
NZQA Info
Accounting 1.7 - Demonstrate understanding of cash management for a small entity
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 8
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0