NCEA Level 3 Accounting
Level 3 Accounting provides students with an understanding of the operation of business and business management. The course focuses on partnerships and companies, which are service, trading or manufacturing in nature. Students will be able to understand accounting concepts, process financial data, understand systems, prepare reports, analyse and interpret reports and make informed decisions
Processing Financial Information
The preparation of journal and ledger entries for partnerships and companies.
Preparation of financial statements for partnerships and companies.
Analysis and Interpretation
The preparation of a report that analyses and interprets a company’s financial report to provide information for external users.
Cost Accounting and Management Decision Making
Processing information through a Job Cost accounting system.
Management decision-making in terms of Cost-Volume-Profit analysis and preparation of budgets used by management.
Students who go on to become accounting technicians or chartered accountants will find opportunities in business, government departments, banking as well as in accountancy firms. There are many branches of accounting to specialise in later, such as financial accounting, management accounting, cost accounting, tax accounting, project accounting, forensic accounting, international accounting, government accounting.
Partnership Formation and Theory
Profit Distribution Statements, Journals and Ledgers
Profit Distribution Statements and Current Accounts
Company law, Issuing Shares,
Bonus Issues, Share buybacks
Journal and Ledgers for Dividends
Journal and Ledgers for Revaluations
Journal and Ledgers for Taxation
Income Statements and Balance Sheets for companies
Cash flow Statements for companies
Profitability and Segment Analysis , Market Analysis
Liquidity, Cash Management and Financial Stability
Integrated reporting, comparison with another,
Types of Costs and Documentation
Cost Drivers and Under and Over Applied Overhead
Processing Information for Job Costing
Types of Costs
Contribution Margin and Ratio
Financial and non-financial information
Cash budgets, other budgets
Recommended Prior Learning
10 credits in Level 2 Accounting including 2.3
Contributions and Equipment/Stationery
ledger refill, device
You will be assessed in this course through all or a selection of the standards listed below.
Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 22
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.
Accountant, Auditor, Accounts Officer, Actuary, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Debt Collector, Property Manager, Building Contractor, Buyer, Cafe/Restaurant Manager, Motor Vehicle Salesperson, Insurance Claims Officer, Community Worker, Event Manager, Quantity Surveyor, Dairy Farmer, Personal Assistant, Media Producer, Financial Adviser, Health Services Manager, Insurance Agent, Mortgage Broker, Office Manager, Payroll Officer, Purchasing/Supply Officer, Real Estate Agent, Management Consultant,