Course Aim

• To develop students’ understanding of the role of accounting in society as a financial language for individuals, community organisations and businesses.
• To build on students knowledge of the principles, processes and systems of accounting.
• To enable students to apply financial knowledge and skills to practical situations.

Course Outline

The Year 12 Accounting course contributes 24 credits towards the Level 2 National Certificate in Educational Achievement (NCEA) and is divided into FIVE units of work.

1. Conceptual Basis

Introduces users of accounting, major accounting concepts, financial elements, accounting equation and features of different entities.

2. Financial Statements

Involves the preparation of financial reports.

3. Processing

Involves processing source documents and transactions, both manually and using computers, to prepare financial statements. Cash accounting is used with adjustments at balance day. Systems of internal control over cash are investigated.

4. Analysis, Interpretation & Decision-making

Involves the calculation of various percentages and ratios to assess and comment on the performance and position of a business. The decision-making process is applied to practical situations, using financial and non-financial information.

5. Accounting for Other Entities

Explores how community organisations classify and present their financial information and the application of accounting principles to personal finances.

Prerequisites

Students enrolling in Year 12 Accounting should have achieved (14) credits in Level 1 NCEA Accounting.

Course Requirements

Homework: Homework is seen as a vital means by which skills are practiced and knowledge reinforced. Homework will be given in accordance with the College’s policy on homework; that is, each student is expected to do about 20 minutes after each lesson.

Attendance: Accounting students are to adhere to the College’s attendance regulations in order to meet the course completion requirements.

Stationery: Students require a folder (or section within a larger folder) where they are to file notes and handouts. Exercises are to be completed in two work books, which can be purchased from the office. Calculators, pens and rulers are also required.

Text Books: Students will purchase “Accounting - A Next Step” (Parts One and Two) by Lilian Viitakangas. It is expected that students will make “covers” to protect their text books.