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 L1 Commerce and passed all the internals (10 credits). 

Students that did not have Commerce as a subject should at least have 14 credits in Maths and 14 credits in English.

Contributions and Equipment/Stationery

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

Pathway

Assessment Information

3 Internal assessments and 1 external assessment

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

Total Credits Available: 15
Internal Assessed Credits: 10
External Assessed Credits: 5
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: 0
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: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 15
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

Disclaimer

Owing to teachers responding to individual students' needs, courses and NCEA standards taught in a subject maybe different to those displayed.