11ACC

NCEA Level 1 Accounting

Course Description

Teacher in Charge: C. Bedward

The aim of Level 1 NCEA Accounting is to give students an understanding of Accounting as a financial language for individuals, community organisations and businesses. They will learn to process financial transactions and prepare financial statements for an entity. Students will analyse and interpret financial information and provide solutions that will enable the entity to continue operating. An introduction to the conceptual basis of accounting is covered at Level 1 to familiarise students with the financial elements and concepts used in the preparation of financial information.  

Content/Skills:

  • Processing financial information
  • Preparing financial statements
  • Decision making
  • Accounting theory

This subject leads to a UE approved subject.


Pathway

Contributions and Equipment/Stationery

Optional cost - Study Guide

Recommended Prior Learning

No entry requirements.

PLEASE NOTE: This course must be taken if you intend continuing with this subject at Level 2.

Credit Information

Total Credits Available: 21 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 9 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90976 v3
NZQA Info
Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities
3
3
3
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90979 v3
NZQA Info
Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90980 v3
NZQA Info
Accounting 1.5 - Interpret accounting information for sole proprietors
4
4
4
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 21
Total Level 1 Literacy Credits: 11
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

Disclaimer

For NCEA Levels 1, 2 & 3 courses will be made up of a selection of the stated standards. This will happen at the beginning of the year with the assigned teacher.