L1ACCM

L1 Accounting for Management

Course Description

Teacher in Charge: Ms K. Schumacher

This course provides students with an introduction to Financial Management. Students will study a selection of concepts and skills related to keeping accounts for small businesses and clubs. It is a good starting point for students who want to enter the profession of Accounting and for students who want to understand financial management for Businesses. 

It is also very useful for students who want to understand financial records they may encounter in their daily lives. Topics covered include the key concepts of Accounting, processing of financial information, preparing financial reports and analysis of financial reports.

This course will be assessed to a selection of L1 Accounting Achievement Standards. Assessment is a combination of both internally and externally assessed standards. Students will have the opportunity to gain up to 21 credits at L1.


Required Prior Learning

Entry is open.

Pathway

Course Credit Information

This course is eligible for Course Endorsement.

This course is approved for University Entrance.

Total Credits Available: 21 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 12 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90977 v3
NZQA Info
Accounting 1.2 - Process financial transactions for a small entity

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

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

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

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

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90980 v3
NZQA Info
Accounting 1.5 - Interpret accounting information for sole proprietors

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90981 v3
NZQA Info
Accounting 1.6 - Make a financial decision for an individual or group

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
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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