NCEA Level 3 Accounting case studies
NCEA Level 3 Accounting · Put your knowledge to work in context.
NCEA Level 3 Accounting is the senior secondary accounting subject within New Zealand's National Certificate of Educational Achievement. NZQA describes accounting as the preparation and communication of financial information about an entity's performance and position. The NCEA Level 3 Accounting case studies are 5 cases and about 4,951 words.
1Kaimai Valley Honey Ltd: a USD receivable, a yen request and a bank covenant
Kaimai Valley Honey Ltd is a New Zealand producer that sells mānuka honey to distributors in Japan and the United States. It reports in NZD with a 31 March balance date and prepares general purpose financial statements under NZ IFRS.
958 words, about 5 min2Tussock & Brass Ltd: four year-end adjustments and a proposed depreciation change
Tussock & Brass Ltd is a New Zealand company with a 31 March balance date. Draft profit before tax is NZD186,000.
1,019 words, about 5 min3Coastal Freight Ltd: assessing a bond investment from the annual report
Ngā Tapuwae Community Trust is considering investing NZD500,000 in five-year bonds issued by Coastal Freight Ltd, an NZX-listed New Zealand company. The trust's investment policy allows listed debt only where the issuer can service interest through a downturn.
998 words, about 5 min4Matai Print & Pack Ltd: overhead recovery, a quoted job and a cheaper competitor
Matai Print & Pack Ltd runs one production plant in Porirua and prices print jobs from a job costing system with a plant-wide overhead recovery rate based on direct labour hours. The budget for the year ending 31 March 2026 is: budgeted manufacturing overhead NZD480,000 budgeted direct labour hours 24,000 Job 447, a run of 40,000 brochures for a local council, has been costed as: direct materials NZD6,400 direct labour 180 hours at NZD42.00 per hour overhead applied at the recovery rate mark-up of 25% on total job cost Nine-month actual results show overhead of NZD392,000 and 17,700 direct labour hours.
966 words, about 5 min5Harbour Roast Coffee Ltd: closing a loss-making café and a supermarket offer
Harbour Roast Coffee Ltd operates three activities from one leased building: wholesale beans, a café and an online subscription. For the year ended 31 March 2025: NZD Wholesale Café Online --- --- --- --- Revenue 420,000 310,000 180,000 Variable costs 294,000 186,000 108,000 Direct fixed costs 60,000 95,000 30,000 Allocated head-office costs 45,000 33,000 25,000 The café shows a segment loss of NZD4,000 and its manager has resigned.
1,010 words, about 5 min