Accounting Level 1
This course provides the first step towards a career in Accountancy.
Accounting Level 1 (Full Year) (L1ACCYF)
Prior Learning: Merit or above in Junior Diploma Economics or Mathematics or at the discretion of the HOD
Future Pathways/Subjects: Level 2 Accounting and Business for Trades
Note:
This course is designed for students who wish to gain an understanding of accounting for small businesses. It covers basic cash-management, processing of transactions as well as the creation and analysis of financial statements.
Students may not study this course as well as L1ACCYH and L1BFTRH
TOTAL CREDITS AVAILABLE: 22 Credits
EXTERNAL CREDITS: 9 Credits
INTERNAL CREDITS: 13 Credits
| Standard Number | Level | Credits | Lit / Num | Full Title | Method of Assessment | Assessment Opportunities Offered |
| 90977 | 1 | 5 | Accounting 1.2 – Process financial transactions for a small entity | Assignment | ||
| 90979 | 1 | 4 | L1 Lit | Accounting 1.4 – Prepare financial information for a community organisation’s annual general meeting | Assignment | |
| 90982 | 1 | 4 | L1 Lit | Accounting 1.7 – Demonstrate understanding of cash management for a small entity | Assignment | |
| 90978 | 1 | 5 | Accounting 1.3 – Prepare financial statements for sole proprietors | Exam | External | |
| 90980 | 1 | 4 | L1 Lit | Accounting 1.5 – Interpret accounting information for sole proprietors | Exam | External |
Vocational Pathways
The NZ Qualifications Authority has identified six categories of jobs. The aim is to improve the relevance of learning for students by indicating how their learning and achievement is valued by broad sectors of the workforce. Vocational Pathways enables employers to assess whether potential employees’ skills align with their industry requirements more easily. This will be a real advantage when they look for work and training opportunities in the sector.
Students now have access to their personalised Vocational Profile on the NZQA website and it is important that students use this as a tool to plan their subjects.
More on vocational pathways can be found at Vocational Pathways
- Relevant Vocational Pathways links:
- Construction and Infrastructure
- Manufacturing and Technology
- Primary Industries
- Service Industries
- Social and Community Services
- Creative Industries
Accounting Level 1 (Half Year) (L1ACCYH)
Prior Learning: At the HOD’s discretion.
Future Pathways/Subjects: Level 2 Accounting and Business Studies
Note:
Students may not study this course as well as L1ACCYF and L1BFTRH.
This course is designed for students who wish to have an introduction to accounting basics. It covers an introduction to the cash-management, managing debt, and basic accounting statements of a small business. This is an internally assessed course.
TOTAL CREDITS AVAILABLE : 11 Credits
EXTERNAL CREDITS : 0 Credits
INTERNAL CREDITS : 11 Credits
| Standard Number | Level | Credits | LIt / Num | Full Title | Method of Assessment |
| 90979 | 1 | 4 | L1 Lit | Accounting 1.4 – Prepare financial information for a community organisation’s annual general meeting | Assignment |
| 90982 | 1 | 4 | L1 Lit | Accounting 1.7 – Demonstrate understanding of cash management for a small entity | Assignment |
| 28088 | 1 | 3 | Demonstrate understanding of credit and debt on person finances | Assignment |
Vocational Pathways
The NZ Qualifications Authority has identified six categories of jobs. The aim is to improve the relevance of learning for students by indicating how their learning and achievement is valued by broad sectors of the workforce. Vocational Pathways enables employers to assess whether potential employees’ skills align with their industry requirements more easily. This will be a real advantage when they look for work and training opportunities in the sector.
Students now have access to their personalised Vocational Profile on the NZQA website and it is important that students use this as a tool to plan their subjects.
More on vocational pathways can be found at Vocational Pathways
- Relevant Vocational Pathways links:
- Construction and Infrastructure
- Manufacturing and Technology
- Primary Industries
- Service Industries
- Social and Community Services
- Creative Industries