12ACC

Year 12 Accounting (12ACC)

Course Description

Teacher in Charge: Mrs D. Reyneke

Year 12 Accounting gives students the tools to make real life financial decisions in a constantly changing and uncertain world.  Accounting is the process of preparing and communicating financial information to a wide range of users.  Accounting enhances financial literacy.  Accounting helps individuals and organisations to be accountable to stakeholders for their actions.

The course focuses on accounting systems and financial statements which builds on the Year 11 course by going into much more depth.  The processing component is done using the accounting package MYOB which is widely used by businesses in New Zealand. 

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 - Inventory subsystem AS 91386
- XERO AS 91175

Term 2
Term 2 - Accounts receivable subsystem AS 91179
- Start Financial statements AS 91176

Term 3
Term 3 - Complete Financial statement and revision.

Term 4
Term 4 - Revision

Pre-requisites

Studied the subject at previous level and attained at least 14 credits including Achievement Standard 90978 (ACCO1.3).  No student can start the course without Level 1.

Contributions and Equipment/Stationery

$66 including a workbook and end of the year AME study guide.

Assessment Information

3 Internal assessments and 1 external assessment

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 15 credits.
Externally Assessed Credits: 5 credits.
Internally Assessed Credits: 10 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. 91179 v2
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91386 v2
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
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: 15
Total Level 1 Literacy Credits: 6
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 15