2ACC

NCEA Level 2 Accounting

Course Description

Teacher in Charge: Mrs M. O'Carroll.

NCEA Level 2 Accounting is available through Te Kura.


Accounting is fundamental for business and for everyday life. Students gain financial literacy and the tools to make real-life financial decisions in a changing and uncertain world. One of the vital skills students learn is how to prepare and communicate financial information to a wide range of people. Further study can lead to a career in accounting in many diverse businesses worldwide. With a business or commerce degree, you can keep your options wide open.

This course builds on the knowledge already gained in Level 1. It has a strong focus on accounting for sole traders and is useful for people interested in running their own business. Students gain further knowledge, skills and experience needed to manage a small business, including the basics of managing inventory and accounts receivable processes. Students process and interpret financial transactions and then, more importantly, report on this financial information. A practical segment using the accounting software MYOB is also included.


Recommended Prior Learning

Students need good mathematical skills to be able to take this subject.

Pathway

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 27 credits.
Externally Assessed Credits: 13 credits.
Internally Assessed Credits: 14 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91174 v2
NZQA Info
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
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: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91481 v2
NZQA Info
Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 27
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0