Year 13 accounting

Accounting at this level involves the processing and reporting for partnerships and companies. The course is based on International Accounting Standards and follows the New Zealand Institute of Chartered Accountants’ guidelines.

You will understand how to form both kinds of entity; to prepare the accounting records and produce the final reports. The internal assessment involves an in-depth study of a New Zealand company’s annual report, a very useful tool for any shareholder.

This course is particularly relevant if you are considering studies at tertiary level in a business/commerce degree/diploma/certificate.

The course aims to develop and further encourage financial literacy in the context of New Zealand reporting entities and partnerships.

Course Content

The course content, based on the five achievement standards covers the following areas:

• the conceptual basis of accounting based on the NZ Framework

• preparation and understanding of financial statements for partnerships and companies

• analysis and interpretation of a NZ listed company

• management accounting including budgets and break even analysis

• processing information for partnerships and companies

• budgeting and breakeven analysis

• preparation of financial reports for partnerships and companies

• the analysis and interpretation of financial information (a listed company’s annual report).

At Year 13, if you don't have either level 1 or 2 accounting credits, you should have a strong interest in the subject matter, possess basic mathematical and analytical skills commensurate of the year level as well as basic report writing skills. A consultation with the HOD for Commerce or the TIC for Accounting will be required.

NZQA Accounting Subject Resources

http://www.nzqa.govt.nz/qualifications-standards/qualifications/ncea/subjects/accounting/levels/

School Policy for NCEA Assessment

You should be aware of the school procedures for NCEA assessment.  They can be found on the school website at this link. There you will find answers to frequently asked questions about how NCEA works as well as guidance about how to apply for extensions, reconsiderations or the process for withdrawing from a standard.