Level 1 Accounting

AC1000
Course Description

What is Accounting

Accounting is fundamental not just for businesses but everyday life. It enhances students’ financial literacy and gives them the tools to make real life financial decisions in a changing and uncertain world. Accounting includes the process of preparing and communicating financial information to a wide range of users. Further study can lead to diverse careers in accounting in many business environments worldwide. With a business or commerce degree, students can keep their options wide open.

What this course involves

This course gives students the tools to make real life financial decisions in a range of situations. Students are able to develop the knowledge and skills to manage the financial affairs of individuals, communities and businesses. Not only is there an emphasis on preparing financial information but also on communicating that information by way of reports. Accounting enhances financial literacy which is an essential lifelong skill.

Delivery Mode

This is an online course available through our Online Teaching and Learning Environment (OTLE), so access to a computer and broadband internet is essential. Read more on our website at www.tekura.school.nz


Contributions and Equipment/Stationery

None specified


Recommended Prior Learning Open Entry but students should have a reasonable level of literacy.
Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90982 v3 Accounting 1.7 - Demonstrate understanding of cash management for a small entity
1
I
4
Y
A.S. 90981 v3 Accounting 1.6 - Make a financial decision for an individual or group
1
I
3
Y
A.S. 90980 v3 Accounting 1.5 - Interpret accounting information for sole proprietors
1
E
4
Y
A.S. 90979 v3 Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
1
I
4
Y
A.S. 90978 v3 Accounting 1.3 - Prepare financial statements for sole proprietors
1
E
5
A.S. 90977 v3 Accounting 1.2 - Process financial transactions for a small entity
1
I
5
A.S. 90976 v3 Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities
1
E
3
Y
Total Credits

Total Credits Available: 28 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 16 credits.