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NCEA Accounting - A Beginning: Level 1 Year 11

By | Copyright Year:2011 | ISBN-13: 9780170211055

NCEA Accounting - A Beginning: Level 1 Year 11 is a new series of texts and workbooks, which has been specifically designed to meet the requirements of the revised 2011 Level 1 Achievement Standards in accounting.

The text covers all of the material for the following externally assessed Achievement Standards:
1.1 Demonstrate Understanding of Accounting Concepts for Small Entities
1.3 Prepare Financial Information for Sole Proprietors
1.5 Interpret Accounting Information for Sole Proprietors.

It also covers the material for the internally assessed Achievement Standard:
1.2 Process Financial Transactions for a Small Entity.

Solutions to all of the exercises are provided in the Teachers’ Guide. This is an overprinted version of the student workbook which provides a quick reference for teachers. An electronic copy of the Teachers’ Guide is included for use as visual media.


Chapter 1 Introduction
What is Accounting?
Who Uses Financial Information?
The Accounting Entity
Assets, Liabilities and Equity

Chapter 2 Applying Accounting Assumptions
The Statement of Financial Position
Accounting Assumptions
The Income Statement
Capital and Revenue Expenditure

Chapter 3 Accounting Transactions
Source Documents
Goods and Services Tax
The Accounting Equation
Recording Assets, Liabilities and Equity

Chapter 4 The General Ledger
The Chart of Accounts
Recording Balances in the Ledger
Transactions – Assets, Liabilities and Equity
Transactions – Income and Expenses
Preparing the Trial Balance

Chapter 5 Cash Journals and Bank Reconciliation
The Cash Receipts Journal
Posting Cash Receipts to the Ledger
The Cash Payments Journal
Posting Cash Payments to the Ledger
Bank Reconciliation

Chapter 6 Preparing Financial Statements
Financial Statements Revisited
Financial Statements from a Trial Balance
Accrual Accounting

Chapter 7 More Financial Statements
More Accruals
Adjusting the Trial Balance

Chapter 8 Trading Organisations and Cash Budgets
The Trading Statement
Preparing the Income Statement
More Accruals
Cash Budgets

Chapter 9 Analysing Financial Performance
Percentage Change
The Gross Profit Percentage
Looking at Expenses
Looking at Profit

Chapter 10 Analysing Financial Position
Looking at Liquidity
Financial Structure
Service Organisations


Lilian Viitakangas is an educational consultant. She was a Senior Tutor at The University of Auckland, where she specialised in teacher education and the teaching of introductory accounting courses. Formerly HOD Business Studies at Glenfield College, Lilian has more than twenty years’ teaching experience spanning secondary, tertiary and adult education both in New Zealand and overseas. Lilian is a former examiner for University Entrance, Bursaries and Scholarships, the New Zealand Education & Scholarship Trust and the Sixth Form External Examination in accounting.

Alastair Campbell is a Specialist Classroom Teacher and HOD Business Studies at Macleans College. He has an extensive business background in accounting, sales and marketing and is an experienced marker of external accounting examinations at various levels.


The material has been arranged as closely as possible to the Achievement Standards without sacrificing sound pedagogy. Teachers may therefore work straight through the text and be confident that the course has a logical structure and flow. However, it is also possible to individualise schemes of work while using this course because chapters do not necessarily depend upon those that have gone before.

Emphasis is placed on the conceptual base of accounting and the illustration of concepts using practical examples, with a decision-making approach based on case studies maintained throughout.

The text is accompanied by a student workbook which provides the tasks, sufficient space to complete them and partially worked answers to the early problems in each set of exercises. This provides the maximum student interaction with the material immediately after it is introduced, thereby developing student confidence.


Available Stock24
By | ISBN-13: 9780170211062
Research has shown that deep learning is enhanced by shortening the time between the introduction of new material and student interaction with this material. It is therefore important that students have an early opportunity to apply what they have learnt and gain mastery of it. The student workbook contains all the questions from the text together with answer space, following the format of the external examinations. It has been designed to enable students to experience early success with simple exercises by having these partially worked. This success gives students the confidence to progress through to more challenging examples on their own. Use of the workbook enables students to focus on concepts and procedures immediately without the necessity of learning a particular format by heart before they can begin. Over time, format becomes second nature as students develop a conceptual understanding of the purpose of each exercise. The use of workbooks also provides more time for students to interact with the subject matter itself and hence offers greater opportunity for them to master basic concepts through practice. It is suggested that students should not destroy pages when errors are made; rather than rewriting an entire question, a correction in a different coloured ink will often suffice. The student may then proceed to a new task which provides the opportunity to relearn the point which has been missed. The corrected exercises provide a focus for revision and a useful resource for independent study.
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