Levels 2 and 3 Accounting. Presenter: Sue McVeigh Commerce facilitator Auckland/Northland firstname.lastname@example.org Phone 623 8899 x 46420. Learning intentions for session.
Presenter: Sue McVeigh
Commerce facilitator Auckland/Northland
Phone 623 8899 x 46420
Relevance: being able to connect current information and keep up to date on any changes that may affect financial decision-making.
As they progress, students deepen their understanding of Accounting. They move from a focus in their local community that they can identify with personally at level 6 (year 11), to a broader based focus at level 7, and a global focus at level 8.
Unless TKI standards have been QUAMed, they should not be seen as determining how assessment should precisely look.
Existing exemplars on TKI say “NZQA Approved” in the top right corner but … they do not necessarily match the standard.
For L2 now you will see on the TKI site
Level 1 has
Note the difference:
Source: Accounting Curriculum Guide
“Learning about accounting for the first time can be scary. Accounting people seem to speak a completely different language. In order to talk to them you have to learn that language too. But where do you begin? Just like learning a foreign language, you begin with vocabulary — the first step of becoming fluent.”
And once students have navigated their way through Accounting jargon, they then need to deal with the nuances.
Even something as simple as wages has multiple meanings:
3.1 Concepts ~ 4 cr external ~ will count for reading
3.4 Annual Report ~ 5 cr internal ~ will count for reading and writing
Students need to use literacy skills to interpret processed information and make relevant links to the continuing viability/operations of the entity being studied
Report writing skills are now required
for most internal assessments at each level.
You need to provide students with a clear structure within which they can present their findings.
NCEA internals require a significant degree of competence in literacy.
Identify the components of the evidence/report the students need to include.
2.6/2.7 ~ subsystems
See document in your folders
The whole class could focus on one issue or each student could be given the freedom to select their own issue. There is no requirement to write a report ~ digital options can be used.
Who is offering 2.5 next year?
Minimal topic change, just a reshuffle.
The current 3.2 and 3.4 have been split into separate partnership and company standards ~ a positive move.
3.1 ~ concepts
The focus is on a reporting entity. This means within the context of that entity. Make sure you check the specifications next year as there is a chance the entity for 3.1 will be named.
3.3 ~ company financial statements
Supported by Accounting appendix for layout and clarification of statements.
For Merit students need to explain entries in statements; for Excellence they need to justify entries.
This means “integrating knowledge of financial elements and/or cash flows which may include justifying and/or preparing supporting accounting entries for the financial statements and notes in the general journal and/or general ledger”.
The two questions in the TKI sample exam are similar in nature to the short theory type questions students currently get in 3.2.
3.5 ~ decision-making
engaging! ~ standard to start the course with.
3.2 ~ partnerships
The future focus aspect is new ~ explanation of elements of partnership accounting and why they ensure that the partnership is able to continue operations.
What approaches will be used ~ teacher/cluster written case study? Or based on an authentic business?
Maybe optional for Scholarship students only??
Note ~ while TKI activities for 3.4 suggest students need to include an executivesummary, this is not required by the standard for any grade, including Excellence. [In your teaching and learning you might want to encourage an executive summary as good practice.]
This seems to be the standard causing most anxiety among even very experienced teachers of Level 3.
There is a need for a bank of case study resources. Information could be gathered by:
* A free recording app can be downloaded: Easyvoice Recorder
Status quo exists for L3 students in 2013 (for university entry in 2014)
L3 students in 2014 will need to meet the following for entry to university in 2015
Look for this in your schoolTaking Part in Economic Communities Thisis a new financial literacy resource, part of the Building Conceptual Understandings in the Social Sciences (BCUSS)series. It may have been sent tothe HOD Social Sciences.
If you haven’t already done so, join the online Accounting teachers’ forum:
There already exists a Team Solutions wikispace for Social Sciences.
This does not yet contain any resource material for Accounting. Elizabeth Pitu and I will be working to remedy this before our contracts finish.
Two that I know of:
I am happy to facilitate the
establishment of other