Massey High School
Level 2 Accounting
Course Description
Teacher in Charge: J. Jia.
The Level 2 NCEA Accounting course develops knowledge of theory and concepts of accounting and how it is practiced in a variety of modern business contexts. Students will concentrate on the skills of recording, presenting and interpreting financial information to a broad range of users. Course includes internal and external L2 accounting standards.
Course Overview
Term 1
In Term 1, students learn basic accounting concepts such as the accounting equation, double-entry bookkeeping, and accounting principles which provide them with the foundational skills necessary for accurate financial reporting, informed decision-making, and effective financial management within businesses.
Term 2
In Term 2, students will learn to use the popular accounting software, Xero, which will equip them with practical skills in managing real-world financial tasks such as invoicing, bank reconciliation, payroll, and financial reporting, ultimately preparing them for efficient and modern accounting practices in a professional environment.
In addition, Term 2 also covers the internal standard, accounts receivable. The purpose of learning accounts receivable is to understand how to manage and record money owed to a business by its customers, which is crucial for maintaining accurate financial records, ensuring timely cash flow, assessing the company's financial health, and implementing effective credit policies.
Term 3
In Term 3, students learn about financial statements involves comprehensively understanding how to prepare balance sheets, income statements, and cash flow statements to equip them with the essential skills to make informed financial decisions and ensure accurate financial reporting.
Term 4
External revision and assessment
Recommended Prior Learning
It will be helpful that students have taken Y10 Commerce and/or Level 1 Commerce as a precursor for ACC2.
Contributions and Equipment/Stationery
Students will need a laptop and a basic calculator.
Pathway
Learning accounting in secondary school provides a solid foundation for various career pathways. Students gain essential skills in financial literacy, budgeting, and financial analysis, which are applicable in many fields. With this background, they can pursue higher education in accounting or finance, leading to careers as accountants, auditors, financial analysts, or tax advisors. Additionally, these skills are valuable for entrepreneurial endeavors, enabling students to manage their own business finances effectively. The analytical and problem-solving abilities developed through accounting studies also open opportunities in management, consulting, and other business-related roles.
Assessment Information
Two internal assessments, one processing based one report based.Two external assessments. Students are encouraged to take both standards, which is a prerequisite for those who wish to choose Scholarship Accounting in Y13.
| Paper | Description | Type | Weighting |
|---|---|---|---|
| Paper | Internal | % |
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 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Pathway Tags
Accountant, Auditor, Financial Analyst, Tax Advisor, Forensic Accountant, Management Accountant, Budget Analyst, Financial Controller, Cost Accountant, Payroll Specialist, Accounting Clerk, Certified Public Accountant (CPA), Treasurer Bookkeeper, Credit Analyst, Tax Consultant, Chief Financial Officer (CFO),
Useful Links
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