NCEA Level 3 Accounting

Course Description

Teacher in Charge: Mr R. Hughes

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.

Course Overview

Term 1
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

Term 2
Income Statements and Balance Sheets for companies
Cash flow Statements for companies
Analysis Calculations
Profitability and Segment Analysis , Market Analysis
Liquidity, Cash Management and Financial Stability
Integrated reporting, comparison with another,
non-financial information

Term 3
Types of Costs and Documentation
Cost Drivers and Under and Over Applied Overhead
Processing Information for Job Costing

Term 4
Types of Costs
Cost-volume-profit Analysis
Contribution Margin and Ratio
Financial and non-financial information
Cash budgets, other budgets

Contributions and Equipment/Stationery

ledger refill, device

Recommended Prior Learning

10 credits in Level 2 Accounting including 2.3

Credit Information
Internal or
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91405 v2 Accounting 3.2 - Demonstrate understanding of accounting for partnerships
A.S. 91406 v2 Accounting 3.3 - Demonstrate understanding of company financial statement preparation
A.S. 91407 v2 Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
5r,5w *
A.S. 91408 v2 Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
A.S. 91409 v2 Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Total 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.

Total Credits Available: 22 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 13 credits.

Pathway Tags

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