Level 2 Accounting
ACC200 Course Description Recommended Prior LearningStudents should to have completed COM 100 with 15 credits gained in this subject area. Consideration will also be given to students who have 15 credits in History, English and or Mathematics. This is conditional upon external assessment results and conference with the HoD.
Level 2 Accounting
Accounting is the process of preparing and communicating financial information to a wide range of users. The course gives students the tools to make real life financial decisions in a constantly changing and uncertain world and helps individuals and organizations to be accountable to stakeholders for their actions. In this course you will develop your understanding of the role of accounting in society as a financial language for businesses, in particular sole traders.
Accounting students will be extended through the completion of a Level 3 standard, which will expand students’ knowledge of accounting processinnt forms of business structures.
Xero is used by small businesses, accountants, bookkeepers, schools and universities in over 180 countries around the world. Using a global platform means students are using real business software to develop real workplace skills while they learn to process business transactions. Students will also use the computer applications software, Xero, to learn how accounting is practiced in the workplace.
Course Overview
Term 1
The focus will be on 2.3 during term 1. Students will be learning how to prepare financial statements for an entity that operates accounting subsystems. This will include preparing the Income Statement, Statement of Financial Position as well as Cash Flow Statement of an entity. This will be tested during term 2, Mid Year exams.
Term 2
The students will be working on their first internal assessment, 2.2 - Demonstrate understanding of Accounting Processes using accounting software (XERO). This is an open book individual assessment. Students will have access to notes, texts, and any other appropriate resources. This assessment is a computer-based activity using a software package and is to be completed at school under teacher supervision.. During mid-year exams students will be tested on 2.3 which was taught during term 1. After mid-year exams the focus will be on the next internal, 2.6 – Understanding of an Accounts Receivable subsystem for an entity. Students will be required to process financial information for the entity’s accounts receivable and justify elements of the entity’s accounts receivable system.
Term 3
This term we will be looking at 3.6 - Demonstrate understanding of a job cost subsystem for an entity. This level 3 internal will be offered as an extension course for the more capable student. Students will process and explain the purpose and elements of a job cost system for an entity, processing financial information to determine the cost of a job. Teaching and learning will then focus on the final external standard for the year 2.4 –Interpret accounting information for entities that operate accounting subsystems. Some topics from this standard will also be examined in the end of year school exams. During the weeks lead up to the end of year school exams there will be structured revision in class.
Term 4
The focus in term 4 will be about revisiting 2.3 with an extensive revision program. Revision for NCEA exams (2.3 and 2.4) will take place in class and will be structured around the individual learners needs.
Learning Areas:
Pathway Career Pathways
Accountant, Auditor, Accounts Officer, Actuary, Office Administrator, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Debt Collector, Property Manager, Building Contractor, Buyer, Cafe/Restaurant Manager, Motor Vehicle Salesperson, Insurance Claims Officer, Community Development Worker, Event Manager, Quantity Surveyor