ACC301

NCEA Level 3 Accounting 301

Course Description

Teacher in Charge: M. McIntosh.

Accounting 301

The course builds on the knowledge and skills learned at Levels 1 and 2. Learners study: the reasons behind the development of accounting ideas, theory and practices; how businesses make decisions; the importance of financial and non-financial information; and the processing and reporting for partnerships and companies. They also consider investment opportunities.

UE Approved Subject

Opportunity to take at Scholarship level

2025 - Likely to be taught via correspondence using Te Kura. 

Course Overview

Term 1
The year commences exploring how manufacturing businesses allocated costs across projects and jobs (AS91409 - 4 credits), then continues with exploration of how accounting works for partnerships, in relation to their formation and profit distribution processes (AS91405 - 4 credits).

Term 2
In term 2, learners will become familiar with how the financial statements for a company are prepared, particularly Cashflow statements (AS91406 - 5 credits).

Concurrently, learners will research and investigate a real New Zealand business to understand their Annual Financial Reporting, and write a report to demonstrate their understanding (AS91407 - 5 credits).

Term 3
The learning from term 2 will continue into early term 3. It will then be followed by a study of management accounting concepts and how these are used to inform a business' decision-making processes (AS91408 - 4 credits).

Term 4
Revision and exam preparation.

Recommended Prior Learning

Preferable: Accounting Levels 1 & 2. Learners who have not studied Accounting before will need permission from the HOD Commerce to take this course.

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.

This course is approved for University Entrance.

Total Credits Available: 22
Internal Assessed Credits: 13
External Assessed Credits: 9
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91405 v2
NZQA Info

Accounting 3.2 - Demonstrate understanding of accounting for partnerships


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91406 v2
NZQA Info

Accounting 3.3 - Demonstrate understanding of company financial statement preparation


Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91407 v2
NZQA Info

Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0
A.S. 91408 v2
NZQA Info

Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91409 v2
NZQA Info

Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 5
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 22

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.