L1ACCT

NCEA Level 1 Accounting

Subject Description

Teacher in Charge: Mr S. Aruwa

Qualification: NCEA Level 1

 

Entry Requirement: Year 10 literacy and numeracy or Commerce

 

Course Description: Accounting enables students to make wise financial decisions by budgeting, allocating resources wisely and making informed reviews, when actual expenditures differs from budget. It enables students to understand how finances are managed using a range digital and real-time resources.

 

This course leads to: NCEA Level 2 Accounting

 

Vocational Pathways: Economics leads to jobs in the following professions:

  • Financial Accountant
  • Accounting Technician, Payroll Manager
  • Auditor
  • Management Account
  • Cost Accountant
  • Taxation Accountant
  • Public Accountant

 

Special Costs: Learning Workbook costs apply.

 




Pathway

Credit Information

Total Credits Available: 21 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 13 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
A.S. 90982 v3
NZQA Info
Accounting 1.7 - Demonstrate understanding of cash management for a small entity
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: 21
Total Level 1 Literacy Credits: 11
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

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