Rosmini College
NCEA Level 2 Accounting
Course Description
Teacher in Charge: Mrs L. van Wyk.
Accounting the Language of Business - a life skill.
Financial literacy within the workplace is a huge asset whether you own and run your own business, or manage a company on behalf of others. Understanding the financial reports and management accounts is hugely valuable for decision-making. Accounting is not only about processing but about interpreting the numbers and knowing what to do going forward to grow a business.
In the workplace today, it is often assumed that the person entering a position within commerce understands budgets, sales figures, prevailing interest rates and their impact on decision-making. We also look at non-financial measures and their impact on the overall performance of the business. The focus is on sustainability in its various forms, including economic, environmental, social, and cultural. Studying accounting can only benefit anyone thinking of going into the world of commerce.
Topics in Level 2 include; Inventory Management, Accounts Receivable Management, Preparing Financial Statements, use of an online processing software package Xero), as well as Interpreting Financial Statements.
Skills acquired include logical thinking and a comprehensive understanding of the Accounting process.
During the year, we introduce the issue of sustainability and accounting for non-financial issues. This has become especially relevant at a time when global business and industry has been significantly affected by the impact f Covid19. The implications on accounting and reporting of both financial and non-financial issues business practices with the issue of sustainability going forward are researched and presented. Business, industry leaders and accountants of the future, are challenged with the creation of strategic visions incorporating management control systems that will lead their businesses and /or clients into ethical and sustainable accounting and reporting practices to improve corporate governance globally. The industry needs visionaries and strategic thinkers more than ever today and in the future who are willing to make tough decisions for the benefit of all.
Course Overview
Term 1
A.S. 91174 v2
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
A.S. 91179 v2
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
A.S. 91386 v2
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
Term 2
A.S. 91175 v2
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
A.S. 91481 v2
Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making
Term 3
A.S. 91177 v2
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
Revision
A.S. 91174 v2
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
(OPTIONAL)
A.S. 91176 v2
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
(OPTIONAL)
)
Term 4
Revision
External Examination/s
A.S. 91177 v2
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
A.S. 91174 v2
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
(OPTIONAL)
Recommended Prior Learning
Entry is open to all Level 2 students. A good option for those students who study Economics and/or want to study Business Studies at NCEA Level 3.
Contributions and Equipment/Stationery
Approx $35
Pathway
Knowing Accounting and Finance is a life skill. It opens up many career pathways for you. Whether you want to use it to empower yourself as an individual, know how to set up your budget and financials or go into a commerce-related field such as becoming an Accountant, Financial Advisor, Investment banking and management, Corporate finance, Construction Management, Property management or Project Management - this subject will work for you.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
NZQA Info
Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
NZQA Info
Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
NZQA Info
Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
NZQA Info
Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
NZQA Info
Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
NZQA Info
Accounting 2.5 - Demonstrate understanding of a contemporary accounting issue for decision-making
Useful Links
Disclaimer
Rosmini College's timetable is student-driven and a new timetable is generated each year based on student subject selection. Unfortunately, while we do our best to avoid them, timetabling clashes may still occur and a few students may be required to choose an alternative subject option.
The 2025 timetable, including the number of classes in each subject and staffing allocations, is created based on student selections made in 2024. Because of this, changing subjects at the beginning of 2025 may not be possible. Please, make your subject choices carefully.
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