ACC3

NCEA L3 Accounting

Course Description

At Level 3 this course will familiarise students with accounting practices relating to partnerships and companies. It also gives them the skills to understand the annual reports of a company and to make justified decisions for a business. 

It is a practical course which will provide background knowledge for future study at a tertiary level and combines very well with L3 Business 

In Accounting this year you will:

  • Research a company’s financial records and prepare a report for users. 
  • Use data to reach a decision about costing and profit. 
  • Process and prepare accounts for a partnership. Prepare a company’s financial statements.

The career prospects for accountants according to Careers NZ are good as Accountants are in high demand. 


Pathway

This course leads onto a vast number of University courses in Commerce and Accounting.
Many students include accounting as part of a double major and thereby widen their skills and future career prospects

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.

This course is approved for University Entrance.

Total Credits Available: 26
Internal Assessed Credits: 13
External Assessed Credits: 13
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91404 v2
NZQA Info

Accounting 3.1 - Demonstrate understanding of accounting concepts for a New Zealand reporting entity


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91405 v2
NZQA Info

Accounting 3.2 - Demonstrate understanding of accounting for partnerships


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91406 v2
NZQA Info

Accounting 3.3 - Demonstrate understanding of company financial statement preparation


Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91407 v2
NZQA Info

Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0
A.S. 91408 v2
NZQA Info

Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
A.S. 91409 v2
NZQA Info

Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity


Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0
Credit Summary
Total Credits: 26
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 9
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 26

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.