YEAR 13 Status
concepts and skills that were developed in the Level 1 course. The emphasis is on the accounting system, and the internal control processes, to ensure the safeguarding of assets which provide for the management of a business. The course deals with the sole trader registered for GST on an
Optional
12 credits achieved in Level 2 (including AS 91176) NCEA Accounting, or if this is the first year taking this subject 60 credits achieved in the students top four subjects inNCEA Level 2 and by recommendation of the HoD Commerce.
Prerequisites
invoice basis. Assessment
This course contributes towards the NCEA Level 2. Nine of the 19 credits are externally assessed by examination, and the remaining four credit points are internally assessed. The following achievement standards will be
Periods per week Five Description Accounting at this level seeks to give an
understanding of the complete financial records for control of business organisations – from sole traders, to partnerships, and finally to companies. The principles of double entry accounting are applied. The analysis and interpretation of the final accounts are required at this level. Assessment The course contributes towards the NCEA Level 3. Nine of the 17 credits are externally assessed by examination and the remaining eight credit points are internally assessed. The following achievement standards will be assessed: AS 91405 Demonstrate understanding of Accounting for partnerships. (4 credits – internal) AS 91406 Demonstrate understanding of company financial statement preparation. (5 credits – external) AS 91408 Demonstrate understanding of management accounting to inform decision-making. (4 credits – external) AS 91409 Demonstrate understanding of a job cost subsystem for an entity. (4 credits – internal)
assessed: AS 91174
Demonstrate understanding of accounting concepts for a sole proprietor that operates accounting subsystems. (4 credits – external) AS 91175 Demonstrate understanding of accounting processing using accounting software. (4 credits – internal) AS 91176 Prepare financial information for an entity that operates accounting subsystems. (5 credits – external) AS 91179 Demonstrate understanding of an account receivable subsystem for an entity. (3 credits – internal) AS 91386 Demonstrate understanding of an inventory subsystem for an entity. (3 credits – internal)
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