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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.
Students develop knowledge from previous levels within the context of companies and partnerships. Students gain knowledge, skills and experience in using management for effective decision making. Students report, analyse and interpret information for partnerships, manufacturing businesses and companies. Accounting NCEA Level 3 and Scholarship prepares students for tertiary education. New Zealand Scholarship exams are designed to extend very high-achieving Level 3 students. Those who wish to enter the New Zealand Scholarship exam in this subject must discuss this option with their Te Kura subject teacher.
Students should have a reasonable level of accounting knowledge.
| Standard | Description | Version | Credits | Assessment | L1 Lit/Num | UE Lit/Num | Vocational Pathways |
|---|---|---|---|---|---|---|---|
| 91404 | Demonstrate understanding of accounting concepts for a New Zealand reporting entity | 2 | 4 | External | laLiteracy achievement standard |
UElraUE literacy reading achievement standard |
|
| 91405 | Demonstrate understanding of accounting for partnerships | 2 | 4 | Internal | naNumeracy achievement standard |
UEnaUE numeracy achievement standard |
|
| 91406 | Demonstrate understanding of company financial statement preparation | 2 | 5 | External | naNumeracy achievement standard |
UEnaUE numeracy achievement standard |
|
| 91407 | Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity | 2 | 5 | Internal | lnaLiteracy and numeracy achievement standard |
||
| 91408 | Demonstrate understanding of management accounting to inform decision-making | 2 | 4 | External | lnaLiteracy and numeracy achievement standard |
UEnaUE numeracy achievement standard |
|
| 91409 | Demonstrate understanding of a job cost subsystem for an entity | 2 | 4 | Internal | lnaLiteracy and numeracy achievement standard |
UEnaUE numeracy achievement standard |