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ACCY5102 – Applied Accounting

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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.

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