St Peter’s School (Cambridge)
Level 3 - Accounting
Course Description
This course enables students to further reinforce knowledge of the essential concepts of accounting. This includes its purpose and function, understanding of business organisations, and the accounting processes and systems they use. Building on the previous year's accounting skills, students should have a better understanding of the 'New Zealand Framework of Accounting' and an appreciation of the alignment to the 'International Financial Reporting Standards'. Students will be given the opportunity to work through the processes and systems of different business organisations such as partnerships, companies and manufacturing. Understanding these processes offers a critical guide to the proper functioning of business and set the student up for the transition into tertiary study.
The objectives of this course are for students to develop a range of written and analytical skills and tools to make real-life financial decisions in a constantly changing and uncertain world. The course covers the six strands of accounting – conceptual, processing, systems, reporting, interpretation and decision making.
Accounting enhances financial capability by giving students the following:
Knowledge, skills and experience to manage the financial affairs of partnerships and companies, including community organisations. while acting with integrity
Knowledge, skills and experience to make use of appropriate communication tools and skills to process, report and interpret information for partnerships and companies, including community organisations. while acting with integrity.
Pre-requisites
Students wishing to enrol in this course must have previously completed Year 11 or Level 2 accounting.
Course Specific Costs
$40 (approximately) - student write-on notes
$30 (optional) - revision learning workbook
Pathway
Students who have successfully completed this course may enrol in first year accounting at the tertiary level. Career opportunities in the accounting profession are numerous, for example in chartered and commercial accounting. Accounting skills learned in this course are very useful to students to understand day-to-day financial transactions that affect them or those who at some stage will enter into business themselves.
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.
External
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
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: 17
Disclaimer
Specific course content may change from what has been advertised in order to remain current and meet students' needs.
The school has the right to make the best decision based on both staffing, and overall student interest, when preparing the final timetable.
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