1ACC

Level 1 Accounting

Course Description

Teacher in Charge: Mr R. Reddy

Introduction

Accounting enables the student to understand, process and communicate financial information for both an individual and a wide variety of business entities. It promotes self-management of personal financial and spreadsheets skills that are essential in daily life. Students also develop the ability to apply financial knowledge and skills to practical situations. It provides the basis for the accurate processing of data into meaningful information which in turn is analysed and interpreted to assist a myriad of users of financial reports to make wise decisions.

Course Outline

At Level 1, students study Accounting specifically as it affects individuals, households, community organisations and sole proprietor's businesses. It equips students with the ability to cope with the essential skills of modern money management regardless of the career path they choose in their future. 

This course provides a foundation for further study in Accounting and prepares students to work as an accountant, auditor, financial advisor, finance manager, policy analyst, and statistician. It also provides skills needed to record financial information if you were to run your own business.


Recommended Prior Learning

Literacy skills from English in Year 9 and Year 10.

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 17 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 9 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90976 v3
NZQA Info
Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities
3
3
3
Level: 1
Internal or External: External
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90978 v3
NZQA Info
Accounting 1.3 - Prepare financial statements for sole proprietors
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90979 v3
NZQA Info
Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 17
Total Level 1 Literacy Credits: 7
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

Disclaimer

Lynfield College has procedures and guidelines for the administering of assessments.  Click HERE to go to the school website with more information, and links to the appropriate Year Level Assessment Guides.

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