Accounting

• To develop students’ understanding of the role of accounting in society as a financial language for individuals, community organisations and businesses.
• To provide students with knowledge of the principles, processes and systems of accounting.
• To enable students to apply financial knowledge and skills to practical situations.

Content:

• The users of accounting, major accounting concepts, financial elements and features of different entities.
• The recording of financial information on a cash basis and making adjustments to record assets and liabilities on balance day.
• Processing transactions manually and mechanically to the financial statements and recognising that an accounting system needs controls built-in to ensure assets are safeguarded and accurate information is produced.
• How community organisations classify and present their financial information.
• The application of accounting principles to personal finances.

Year 12 — level 2 NCEA (open to students who have completed Level 1)
Aims:

• To allow students to understand the role of accounting in society.
• To improve students understanding of business organisation by a study and appreciation of accounting.
• To provide students' with an increased awareness of accounting concepts and application in the world of business, and access to career opportunities.

Content:

• Explore the conceptual basis of accounting for a sole proprietor.
• Process financial information for fixed assets and balance day adjustments.
• Investigate the report on accounting systems.
• Report, analyse, interpret and evaluate systems.
• Process financial transactions using computer software for a sole proprietor.

Year 13 — level 3 NCEA
Aims:

• To provide an understanding of the conceptual basis of accounting.
• To give an appreciation of how basic accounting concepts, processes and systems are applied to different types of organisations and groups of users.
• To provide an understanding of the analysis of accounting systems and the methods of processing accounting data.

Content:

• Describe and apply the conceptual basis of accounting in context.
• Process financial information for partnerships and/or companies.
• Process financial information for a manufacturing job cost sub-system.
• Report financial information for partnerships and/or companies.
• Prepare a report that analyses and interprets a company’s financial report for external users.