Pukekohe High School
NCEA Level 2 Accounting
Course Description
Head of Faculty - Kaihautuu: Mr B. Silk.
This course assumes that students have satisfactorily completed the core papers of Level One Accounting. It is a course that rewards consistent effort and regular home study as most topics are interlinked (not “stand alone”). The course content headings are attached below.
Level two uses the processing skills from level one and applies it to inventory subsystems and cash flow statements. We extend the preparation of financial statements to incorporate entities that have a perpetual inventory system. The course requires both sound financial and literacy skills for the processing and reporting requirements.
Pukekohe High School has traditionally performed highly in this subject and no student should “lose hope” as the term four revision period is very beneficial to those who make the effort to overcome difficulties. The external course work closely parallels many stage one papers at tertiary level and thus a good work ethic can be rewarded twice over. High accounting grades are always recognised in C.V.’s as all places of employment require financial literacy.
Course Overview
Term 1
Achievement Standard 2.7 Cash Flow Forecasting 4 credits
This requires an in-class assessment involving accounting entries and a report outlining a case study example. A re-sit opportunity exists for the practical task and, under certain conditions, a report re-submission opportunity exists if students can improve their grade. Reports must be entirely the own work of each student. NB Teachers cannot identify specific errors or text for the resubmission. The re-sit will be based on a new case study.
Achievement Standard 2.7 Inventory Management 3 credits
This requires an in-class assessment involving accounting entries and a report outlining a case study example. A re-sit opportunity exists for the practical task and, under certain conditions, a report re-submission opportunity exists if students can improve their grade. Reports must be entirely the own work of each student. NB Teachers cannot identify specific errors or text for the resubmission. The re-sit will be based on a new case study.
Term 2
Achievement Standard 2.5 A Topical Issue in Accounting 4 credits.
This is a group assessment where students will have the ability to choose their own “issue” and an entity that it affects and thus they can select a topic of personal interest. They will collaborate on the research, preparation and presentation of their report and will be required to keep an individual log of their contributing actions towards assessment for grading. A re-submission opportunity will be available.
Term 3
Achievement Standard 2.3 – Accounting Subsystems: 5 Credits
Students will be assessed on their ability to process financial information. This involves preparing accounting entries in the general journal, preparing general ledger for adjustments and closing entries and preparing complete financial statements for the owner of the entity.
The derived grade exam (week 5?) will only include this standard.
Term 4
4 weeks
This is a revision period for the external standard and a final opportunity for reassessments where allowable.
Students should regularly look at www.nzqa.govt.nz and www.tki.org.nz so that they are familiar with course requirements, past assessments, examiners’ reports etc. The school Microsoft Teams page will list relevant resources, study notes and past assessments.
Recommended Prior Learning
1ZACC is a prerequisite given this course's reliance on the level one processing skills. Yr 12 students wishing to study level 3 accounting, and without L1, are advised to do 1 Accounting and then advance direct to level 3.
Contributions and Equipment/Stationery
A school provided workbook provides both study and classroom task material. Students require either a device or a 2B5/1R8 combination for note taking and additional exercises. The first standard requires a device with Excel facilities.
There are no course costs with the possible exception of additional option practice exams.
Pathway
It is highly recommended that you have done 1ZACC before choosing this course.
The course supports most Commerce pathways and self employment. Business Studies students will also benefit from the content.
Assessment Information
Internal Assessments:Achievement Standard 2.7 - Inventory Management (3 credits)
This requires an in-class assessment involving accounting entries and a report outlining a case study example. A re-sit opportunity exists for the practical task and, under certain conditions, a report re-submission opportunity exists if students can improve their grade. Reports must be entirely the work of each student. NB Teachers cannot identify specific errors or text for the resubmission. The re-sit will be based on a new case study.
Achievement Standard 2.10 - Cash Flow Forecasting (4 credits)
This requires an in-class assessment involving accounting entries and a report outlining a case study example. re-sit opportunity exists for the practical task and, under certain conditions, a report re-submission opportunity exists if students can improve their grade. Reports must be entirely the work of each student. NB:
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: 16 credits.
Externally Assessed Credits: 5 credits.
Internally Assessed Credits: 11 credits.
External
NZQA Info
NZQA Info
NZQA Info
NZQA Info
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