Aquinas College
Year 12 Accounting
Although next year timetables are yet to be finalised, course selection is now finished. Any changes to student courses will now take place in January.
Course Description
Teacher in Charge: Ms M. Greyling.
Why study Accounting?
- Career Opportunities
- Critical thinking
- Decision making
- Global business understanding
Studying Accounting provides a solid foundation for various careers and equips students with practical skills. It’s a versatile field that offers valuable knowledge applicable in both personal and professional contexts. Accounting enhances Financial Literacy.
This course involves the processing of financial transactions using computer software, XERO and the reporting and analysis of financial information.
A major study of accounting subsystems (Inventory and Accounts Receivable) will be undertaken including investigations involving local businesses.
Course Overview
Term 1
* Inventory Subsystem - how inventory is received and controlled by a business.
We go out and look at a local business.
* Accounts Receivable Subsystem - We study why credit sales are important to a
business. We study steps we need to go through before we give credit, what
we can do to receive the money back as soon as possible, as it influences our
cash flow.
For this AS, we visit Tauranga Crossing and analyse some businesses credit
policy and why they do it a certain way.
* Contemporary Issue - this is an optional AS
Term 2
* Every student signs up to XERO (Cloud based Accounting software). They then do
Accounting for businesses on XERO. It is self-directed learning, but after they
completed this AS, they have the knowledge to use XERO in every day life.
* Accounting Statements - Students study Income Statements, Statement of
Financial Position (Balance sheet) and a Cash flow statement. All statements very
important for every business as well as for individuals.
Term 3
* Accounting Statements - follow on from term 2.
* Interpret Accounting Statements - students gain the knowledge to know what to
do to gain more profit and cash flow.
* Revision - students are prepared to be ready for the Derived Grade Exam
Term 4
Revision - After looking at the Derived Grade Exam results, we then do targeted revision. Students need to be ready and confident when they go into the Final Examination.
Recommended Prior Learning
It is recommended that students have studied Year 11 Accounting.
However entry is possible to all students based on teacher discretion.
Pathway
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
External
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
Pathway Tags
Accountant, Auditor, Accounts Officer, Actuary, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Property Manager, Building Contractor, Buyer, Insurance Claims Officer, Community Worker, Event Manager, Quantity Surveyor, Financial Adviser, Health Services Manager, Insurance Agent, Mortgage Broker, Office Manager, Payroll Officer, Purchasing/Supply Officer, Management Consultant,
Disclaimer
Note that picking a course doesn't guarantee entry.
If you have any questions or concerns, please contact the year level dean or the Future Pathways team for support and guidance.
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