Accounting

13ACT

UE:

This is an "approved subject" for University Entrance. Standards marked (R/W) may be counted towards either (but not both) Reading or Writing credits for Literacy. Standards marked (R) may be counted towards the Reading credits for Literacy. Standards marked (N) may be used towards meeting the Level 1 numeracy requirement.

Background:

14 credits in Level 2 Accounting or a ā€œDā€ grade or higher in AS Accounting. Students who have not met these prerequisites but have achieved strong results in other subjects should seek the Faculty Head/Head of Department for approval.

Course Description:

This course focuses on the application, understanding, critical analysis and interpretation of financial and non-financial information of partnerships and company ownership structures. Students will prepare a comprehensive investment analysis report on a large New Zealand based business and be able to prepare Financial Statements in line with International Financial Reporting Standards. In addition to this, we will also look at the impact Management Accounting has on the way decisions are made in business and ultimately how businesses are run at a strategic level. Topics Covered: Partnership Accounting. Financial Statement preparation for a company to external reporting standards in line with NZ IFRS and NZ IAS. Prepare a report that contains both Financial and Non - Financial information on a New Zealand reporting entity. Demonstrate and understanding of Management Accounting and how it is used to inform decision making. Demonstrate an understanding of a job costing subsystem for an entity.

Achievement Standards:

LevelStandardDescriptionCreditsInt\ExtOpt\Comp
391406(N)Demonstrate understanding of company financial statement preparation5ExternalCompulsory
391408(N)Demonstrate understanding of management accounting to inform decision-making4ExternalCompulsory
391405(N)Demonstrate understanding of accounting for partnerships4InternalCompulsory
391407(N+R/W)Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity5InternalCompulsory
391409(N)Demonstrate understanding of a job cost subsystem for an entity4InternalCompulsory

Assessment Summary:

LevelTypeInt\ExtOpt\CompStandardsCredits
3AchievementExternalCompulsory29
3AchievementInternalCompulsory313