11ACC - Accounting Dilworth Diploma

11ACC - Accounting Dilworth Diploma

Many students today do not have the financial capability or understanding to help them make better decisions in both their personal life and businesses they will be a part of, or even own. In this course students will learn the skills to prepare financial information, understand the information, and how decision-making can influence the financial sustainability of a business.

Students will learn that financial resources, like all resources, affect various groups of people and require careful stewardship to ensure the best outcomes for people and communities. Learning will examine Māori, Pacific, and other approaches to recording resources, and different accounting approaches for enterprises of different sizes.

In this course we will also aim to take field trips to various businesses and have old boys who own businesses come into class to share their experiences of managing finances.

Topics:

Building Blocks:  

Financial viability is necessary for organisations to continue to operate into the future

Explore different types of business and the financial knowledge associated with them

Understand accounting elements and apply the accounting equation for small entities 

Use journals and ledgers to process financial information

Communicating Financial Information:

Prepare financial statements incorporating simple balance day adjustments for small entities.  Income Statement, Balance Sheet and Cashflow Statement.

Decision Making:

How pūtake informs financial and non-financial decision making
External factors impact on organisations.

Use financial and non-financial information to aid in decision-making