ACCY5102 – Applied Accounting
Module code
ACCY5102
Module title
Applied Accounting
Prescription
The aim of this course is to develop the knowledge, skills and competencies to record and process a range of financial transactions.
Programmes
- BI1401
- BS7000
- NZ2459
- TP4775
NZQA Level
Level 5
NZQA Credits
15
Delivery method
- Web-Supported
Learning hours
- Total learning hours
- 150
Resources required
- Content
- LO1
Accounting processes include:
- Double entry accounting
- Perpetual and periodic inventory
- Journals
- General ledger
- Subsidiary ledger - including reconciliation - receivables and payables
- Sole trader, partnerships and straight forward corporate/company accounts
LO2
Accounting processes for software include:
- Chart of Accounts
- General, cash, sales and purchases journals
- General ledger
- Subsidiary systems - receivables, payables and inventory
- Trial balance
- Financial statements - statement of financial performance, statement of financial position
LO3
Tax rules include:
- GST collected and paid
- GST reports and adjustments
- Other relevant tax - Learning Outcomes
- 1. Process transations to the trial balance stage for an organisation.
2. Process transactions using accounting software for an organisation.
3. Apply tax rules to transactions for an organisation. - Teaching and Learning Strategy
- Learning and teaching activities will employ a range of elements drawn from approved methods to align with the context of the learning (delivery mode, regional specific requirement, etc.) and any particular neds of the group of aakonga.
- Assessment Criteria
- Assessment in this course employs an achievement-based grading scheme. Participants must submit all assessments and obtain at least 50% overall score in order to pass the course. Aakonga will be advised of all matters relating to summative assessment prior to the start of the course.
- Learning and Teaching Resource
- All required and recommended resources are provided to aakonga via course outlines.
