Massey High School

Level 2 Accounting

Course Description

Teacher in Charge: J. Jia.

Recommended Prior Learning

It will be helpful that students have taken Y10 Commerce and/or Level 1 Commerce as a precursor for ACC2.

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

Faculties:

Commerce

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	%

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.