12ACC

Year 12 Accounting

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

Career Pathways

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.

Total Credits Available: 23 credits.
Externally Assessed Credits: 9 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. 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: 23
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

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.