ABE303

Level 3 Accounting & Business Enterprise (ABE303)

Course Description

Teacher in Charge: Mrs N. Sewell.

In this Social Sciences course students will complete a broad study of finance with an Accounting focus. There will be a focus on financial decisions for Companies and Partnerships and looking at issues that may impact the efficient operation of businesses. This is a commerce based course with standards are from the Accounting and Business Studies domains. 

The programme of asssessment will be finalised at the start of the year, based on student ability, goals and interests.  Students will aim to complete between 14 to 18 credits from the list below based on student interest and ability.

14 credits can be gained from the Accounting subject area for those intending on University study, or those wanting to use this subject to gain University Entrance.


Why is it Important to Have Good Accounting Practices in Place?

Course Overview

Term 1
For those wanting to have Accounting as a career, we do a recap from previous years.
Partnerships are next, looking at going into business with like minded individuals.
We also start making choices in Term 1.
You may wish to take a slightly different tack and opt into Unit Standards:
Evaluating one's personal income is useful for everyone.

Term 2
Visit a local manufacturing business
How do they cost out their jobs to customers (Accounts receivable). How do they remain competitive?
Or we can look at how businesses are future proofing.
Listing a Company on the NZ stock exchange is a big decision. Would you invest as a shareholder?

Term 3
Preparation of Company Financial Statements and the theory that underpins what we do as a business.

Term 4
Recap and preparation of either 1 or 2 standards for NCEA examinations.

Recommended Prior Learning

Open Entry, however, if you have not completed Level 2 Economics or Level 2 Accounting and Business Enterprise please have a discussion with Mrs Sewell and the HOD of Social Sciences ( Mrs Peszynski) regarding your suitability.

Contributions and Equipment/Stationery

1B8 exercise book and calculator
Workbook approx. $30 based on 2021 (to be confirmed 2022)

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 33 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 24 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 25424 v5
NZQA Info
Demonstrate knowledge of factors that impact on businesses
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91383 v2
NZQA Info
Business Studies 3.5 - Analyse a human resource issue affecting businesses
Level: 3
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 3r *
Numeracy Credits: 0
A.S. 91405 v2
NZQA Info
Accounting 3.2 - Demonstrate understanding of accounting for partnerships
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0

Assessments:
Term: 2021-12-12, Week: 2021-12-12

A.S. 91406 v2
NZQA Info
Accounting 3.3 - Demonstrate understanding of company financial statement preparation
Level: 3
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0

Assessments:
Term: 2021-12-12, Week: 2021-12-12

A.S. 91407 v2
NZQA Info
Accounting 3.4 - Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r,5w *
Numeracy Credits: 0

Assessments:
Term: 2022-06-19, Week: 2022-06-19

A.S. 91408 v2
NZQA Info
Accounting 3.5 - Demonstrate understanding of management accounting to inform decision-making
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0

Assessments:
Term: 2021-12-12, Week: 2021-12-12

A.S. 91409 v2
NZQA Info
Accounting 3.6 - Demonstrate understanding of a job cost subsystem for an entity
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0 *
Numeracy Credits: 0

Assessments:
Term: 2021-12-12, Week: 2021-12-12

A.S. 91869 v1
NZQA Info
Agribusiness 3.8 - Analyse future proofing strategies to ensure long term viability of a business
Level: 3
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r *
Numeracy Credits: 0

Assessments:
Term: 2022-06-19, Week: 2022-06-19

Credit Summary
Total Credits: 33
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 12
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 29

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

Disclaimer

POLICY
It is the policy of Sacred Heart College Lower Hutt to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.