1. COURSE OUTLINE FOR TERM 3 – Level 3 Accounting – 29th
July – 27th
September
Welcome back to Term 3.
Only 9 weeks in this term, so we need to make the most of our time. I have outlined week by week what I am
hoping to cover this term. It will be important for you to set aside at least 3 hours during the week at school,
and a further 3 hours after school to prepare yourself for the externals and to ensure you cover all the work
and complete the assessments.
I have listed the standards you are doing this year so please check that you have been entered by your school.
1. AS91404 (3.1) – 4 credits - EXTERNAL
2. AS91405 (3.2) – 4 – credits - INTERNAL (We have completed this)
3. AS91406 (3.3) – 5 credits – EXTERNAL
4. AS91407 (3.4) – 5 credits – INTERNAL (to be done during Term 3)
5. AS91408 (3.5) – 4 credits – EXTERNAL
6. AS91409 (3.6) – 4 credits – INTERNAL (to be done during Term 3)
Each week, there will be set tasks to complete in preparation for your internal assessments and external
exams. Most of these set tasks will come from the Level 3 Accounting workbook. (shown below). I will be
using past exam papers and the exemplars of the new standards as well to ensure you will be well prepared.
These tasks and exam papers (and links to them) will be posted in our online classroom (Moodle), so it will be
very important that you visit our moodle site at least three times a week. I will be sending our regular weekly
updates twice a week. The information will also be posted to our FaceBook Group.
If for any reason you are unable to attend class on a Monday or Friday, please let me know asap by txt or
email and I will try to make an extra tutorial available for you. If you have a computer at home, then you
should load skype on it so that we can have a tutorial via skype or use facetime. If you are struggling, please
let me know early so that I can help you, don’t wait until it is too late before you say something. Use our
FaceBook group to ask each other questions.
Resources to use:
1. Level 3 Accounting Learning Workbook – Terry Broderick Study Guide – Level 3
Accounting
2. The Warehouse – House of Bargains – Annual Report 2012
3. Exemplars of Level 3 Examinations –
http://www.nzqa.govt.nz/ncea/assessment/search.do?
query=accounting&view=exams&level=03
4. Reports and Marking Schedules -
http://www.nzqa.govt.nz/ncea/assessment/search.do?query=accounting&view=reports&level=03
5. Accounting Clarificationss - http://www.nzqa.govt.nz/qualifications-
standards/qualifications/ncea/subjects/accounting/clarifications/level-3/as91407/
6. Your study notes
We will be mainly using the Level 3 Accounting workbook (shown in the picture above) and you can supplement
any reading with referring to the study guide. Please ensure you have a copy of the Level 3 Learning
Workbook. Ask your e-dean today!!
It will be important to bring along to each class:
1. Level 3 Accounting Learning Workbook
2. Study Guide – Level 3 Accounting
3. Something to write with and on
4. The Warehouse Annual Report 2012
Assessments we will complete this term will be:
AS91407 (3.4) – Prepare a report for an external user that interprets the annual report of a New Zealand
reporting entity – 5 credits – Report due: 13th
October (2nd
week of holidays)
AS91409 (3.6) – Demonstrate understanding of a job cost subsystem for an entity – 4 credits – Assessment
due: Week 3
Achievement Standards we will be covering this term will be:
AS91406 – (3.3) – Demonstrate understanding of company financial statement preparation – 5 credits -
External
WEEKLY OUTLINE
Week 1 – Monday 29th
July – 2nd
August
Standard: AS91406 - Preparation of financial statements for a company
Topic: Processing for the issue or repurchase of shares in a company
Resources: Level 3 Accounting Workbook – Pages 79 – 94

2. Tasks to complete:
1. Activity 1A – Contributed Equity
2. Activity 1B – Share issue for purchase of a business
3. Activity 1C – Shares issued for cash to the public
4. Activity 1D – Shares issued using a share broker
5. Activity 1E – Share repurchase
Week 2 – Monday 5th
– 9th
August
Standard: AS91406 - Preparation of financial statements for a company
Topic: Procesing other accounting entries for a company
Resources: Level 3 Accounting Workbook – Pages 95 - 108
Tasks to complete:
1. Activity 2A – Revaluations 1
2. Activity 2B – Revaluations 2
3. Activity 2C – Revaluations 3
4. Activity 2D – Financial Assets
5. Activity 2E – Taxation
6. Activity 2F – Dividends
Week 3 – Monday 12th
– 16th
August
Standard: AS91406 - Preparation of financial statements for a company
Topic: Income Statements
Resources: Level 3 Accounting Workbook – Pages 109 - 118
Tasks to complete:
1. Activity 3 – Income Statements
Week 4 – Monday 19th
– 23rd
August
Standard: AS91406 - Preparation of financial statements for a company
Topic: Statement of Financial Position
Resources: Level 3 Accounting Workbook – Pages 119 - 134
Tasks to complete:
1. Activity 4 – Statement of Financial Position
Week 5 – Monday 26th
– 30th
August
Standard: AS91406 - Preparation of financial statements for a company
Topic: Statement of Cash Flows
Resources: Level 3 Accounting Workbook – Pages 135 - 146
Tasks to complete:
1. Activity 5A – Statement of Cash Flows (operating section)
2. Activity 5B – Statement of Cash Flows (investing section)
3. Activity 5C – Statement of Cash Flows (financing section)
4. Activity 5D – Statement of Cash Flows (all sections)
Week 6 – 2nd
– 6th
September
Standard: AS91407 – Prepare a report for an external user that interprets the annual report of a NZ
reporting entity
Topic: Analysis
Resources: Level 3 Accounting Workbook – Pages 161 – 174 & Annual Report of The Warehouse, Exemplars
of Reports
Tasks to complete:
1. Activity 1 – Calculations
2. Introduction to The Warehouse
Week 7 – 9th
– 13th
September
Standard: AS91407 – Prepare a report for an external user that interprets the annual report of a NZ
reporting entity
Topic: Interpretation & Report
Resources: Level 3 Accounting Workbook – Pages 174 - 179 & Annual Report of The Warehouse, Exemplars of
Reports
Tasks to complete:
1. Activity 1 – Calculations
2. Activity 2 – Report
3. Outline of report completed
Remember: Please keep on top of the tasks and keep in touch with me regularly.
Skype: carolynbennett2 – 021 474 889 – Carolyn.bennett@farnet.schoolzone.net.nz