ACC201

NCEA Level 2 Accounting 201

Course Description

Teacher in Charge: M. McIntosh.

Accounting 201

The course builds on the knowledge and skills learned at Level 1 with more emphasis on practical business applications of systems. Learners will visit businesses to see how the accounting theory studied in class is applied in the “real world”. There will also be a Xero simulation to experience computer-based accounting.


Course Overview

Term 1
Learners will be introduced to XERO, a well-known, and commonly used electronic accounting system. They will learn how to set up the accounts for a small entity, and complete the entry for a range of transactions and financial information
We will also explore how businesses manage their credit accounts (accounts receivable), and will visit a local business so that learners will see it in practice.

Term 2
In term 2, learners then look at how businesses manage their cashflow before learning how to prepare financial statements.

Term 3
Learners will complete their study of the Preparing financial statements standard before completing a report on decision making for a contemporary issue.

Term 4
Revision and exam preparation.

Recommended Prior Learning

Preferable: Accounting Level 1. 

Students who have not studied Accounting at Level 1 should speak with the TIC of Commerce.

Students will need reasonably numeracy and literacy skills to be successful in this course. 

Contributions and Equipment/Stationery

A calculator is required along with standard stationery.
Students will also need a laptop to access the Xero software.

Pathway

Accounting, Business Generally, Administration - NGOs, Business, Organisations.
Finance & Economics.

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: 20
Internal Assessed Credits: 15
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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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


Further assessment opportunities will not be offered for this standard in line with NZQA guidelines

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

Assessments:
Term: 1, Week: 7

A.S. 91481 v2
NZQA Info

Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91868 v1
NZQA Info

Agribusiness 2.10 - Demonstrate understanding of cash flow forecasting for a business


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0