03ACC

NCEA Level 3 Accounting

Course Description

Teacher in Charge: C. Lambert.


In Level 3 Accounting we will learn about the following:

● Partnerships – processing and reporting financial information for the formation of a partnership and profit distribution to its partners, examining a partnership ownership structure and the clauses in a partnership agreement, and making recommendations for improvement
● Companies – preparing the accounting entries for various company-specific transactions and events such as dividends, share movements, tax, profit, and revaluation of assets
● Job Costing – processing the accounting information required at various stages in a business’ production run, determining a selling price, and examining a business’ job cost subsystem and making recommendations for improvement
● Investing in shares – analyse and interpret the annual report and wider economic environment of a company listed on the New Zealand Stock Exchange, then make an investment recommendation to a potential shareholder
● Management Accounting – understanding various business issues and using management accounting to make business decisions

Recommended Prior Learning

You should have at least 14 credits in Level 2 Accounting.

Final entry is subject to the approval of the Head of Department of Mathematics.

Course Costs

Students will require 1x 14R8 refill.
A scientific calculator is compulsory for this course.

Description Type Value
Workbooks Contribution $19.00
$19.00

Career Pathways

Credit Information

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

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

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.

Disclaimer

Course availability is dependent on numbers and staffing, and course entry cannot be confirmed until the beginning of the 2024 school year.