NCEA Level 1 Accounting
L1ACCT Subject DescriptionTeacher 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
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
| A.S. 90976 v3 Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities | 1 |
E |
3 |
Y |
||
| A.S. 90977 v3 Accounting 1.2 - Process financial transactions for a small entity | 1 |
I |
5 |
|||
| A.S. 90978 v3 Accounting 1.3 - Prepare financial statements for sole proprietors | 1 |
E |
5 |
|||
| A.S. 90979 v3 Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting | 1 |
I |
4 |
Y |
||
| A.S. 90982 v3 Accounting 1.7 - Demonstrate understanding of cash management for a small entity | 1 |
I |
4 |
Y |
||
Total Credits |
||||||
Total Credits Available: 21 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 13 credits.