L2ACC

Level 2 Accounting 2025

Course Description

Teacher in Charge: Sharon Dove.

The aim of this course is to build on accounting knowledge gained in the Level 1 course, enabling students to understand the processes involved in recording, reporting, analysing and interpreting financial information for sole proprietor businesses.  The skills learnt include: processing transactions using the Xero Accounting software programme; processing balance day adjustments in the General Journal and ledger; preparation of financial statements for sole proprietor businesses; cash flow forecasting and inventory subsystems.

View Level 2 Accounting video here

Recommended Prior Learning

Year 10 Business Studies and/or Level 1 Commerce.  However students can pick up Level 2 Accounting without completing the Level 1 Commerce course.

Pathway

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: 16
Internal Assessed Credits: 11
External Assessed Credits: 5
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91175 v2
NZQA Info

Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91176 v2
NZQA Info

Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems


Level: 2
Internal or External: External
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91386 v2
NZQA Info

Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91868 v1
NZQA Info

Agribusiness 2.10 - Demonstrate understanding of cash flow forecasting for a business


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 16
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

Disclaimer

  • Availability of all courses is subject to student numbers and staffing
  • Some courses will not be available if numbers are too small 
  • Some classes may be combined by Year level (e.g. Year 11 and 12 in one class) if numbers do not make separate classes viable 
  • It may not be possible to accommodate all choices and combinations of subjects 
  • Parents/Caregivers and students need to satisfy themselves that a chosen course meets the student’s goals for the following year and beyond