12ACC

NCEA Level 2 Accounting

Course Description

Teacher in Charge: C. Bedward

The aim of Level 2 NCEA Accounting is to build on the content covered at Level 1. Students will learn the process of preparing and communicating financial information to a wide range of users. Students will use MYOB to set up an entity’s accounts, inventory, debtors/creditors and to record a range of financial transactions for a month. An entity’s inventory and accounts receivable subsystem will be analysed. A report will be prepared identifying the procedures in place and how they help the company meet its goals. 

Content/Skills:

  • Processing financial information (MYOB);
  • Preparing financial statements;
  • Internal controls; and
  • Analysis and interpretation.

This course leads to a University Entrance approved subject.


Pathway

Contributions and Equipment/Stationery

Voluntary contribution: Revision Guide

Recommended Prior Learning

Level 1 Accounting with 13 credits or by consultation with Miss Bedward.

This course needs to be taken if you intend continuing with this subject at Level 3 (Year 13).

Credit Information

Total Credits Available: 19 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91175 v2
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91176 v2
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91177 v2
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91179 v2
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
A.S. 91386 v2
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: Y
Credit Summary
Total Credits: 19
Total Level 1 Literacy Credits: 10
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 19

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.