NCEA Course Booklet


Accounting is the language of money and business. An understanding of financial control as it affects the sole trader, partnerships, companies and non-profit organisations is very useful to equip people with an ability to cope with the complexities of money management. It is essential if you are considering a future in management, or the operation of your own business.

Year 12

Prerequisites Completion of Year 11 Accounting is strongly recommended. Description Accounting at this level seeks to give an understanding of the complete financial records for control of the simplest business arrangement, that of a sole trader. This study builds on the concepts and skills developed in the Diploma 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 invoice basis.

Assessment This course contributes towards NCEA Level 2, with 9 of the 19 credits externally assessed by examination, and the remaining 10 credits internally assessed.

The following Achievement Standards will be assessed:

• AS 91174 (4 credits – external) Demonstrate understanding of accounting concepts for a sole proprietor that operates accounting subsystems. • AS 91175 (4 credits – internal) Demonstrate understanding of accounting processing using accounting software. • AS 91176 (5 credits – external) Prepare financial information for an entity that operates accounting subsystems. • AS 91179 (3 credits – internal) Demonstrate understanding of an account receivable subsystem for an entity. • AS 91386 (3 credits – internal) Demonstrate understanding of an inventory subsystem for an entity.

10 Curriculum Studies Guide

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