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.
External
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
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.