Level 1 Accounting

100ACC
Course Description

Teacher in Charge: Mrs Y. Daly

Our youth need knowledge and skills to help them make good money decisions at each life stage. Accounting helps them to do this and enables students to develop financial capability skills to manage the financial affairs of individuals, communities and businesses.  Students will study how households make financial decisions and how to best manage their cash, the life of business transactions, e.g. the sale of goods, the payment of expenses, how transactions are processed and reported. These are all useful skills for the self-employed or those wanting to become a business manager.

Note: Not all of the listed Standards will be covered – choices will be made in negotiation with the class teacher.


Pathway

Level 2 Accounting, Level 2 Business Studies, Level 2 Economics

Contributions and Equipment/Stationery

$25.00 for Accounting Learning Workbook.


Credit Information

This course is eligible for subject endorsement.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90976 v3 Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities
1
E
3
Y
A.S. 90977 v3 Accounting 1.2 - Process financial transactions for a small entity
1
I
5
A.S. 90978 v3 Accounting 1.3 - Prepare financial statements for sole proprietors
1
E
5
A.S. 90982 v3 Accounting 1.7 - Demonstrate understanding of cash management for a small entity
1
I
4
Y
Total Credits

Total Credits Available: 17 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 9 credits.

Pathway Tags

Construction and infrastructure, Manufacturing and technology, The Primary Industries, The Service Industries, Social and Community services, Accountant, Actuarial Science, Computer Analyst or programmer, Economist, Engineering Analyst, Information Scientist, Marketing Research Analyst, Mathematician, Meteorologist, Numerical Analyst, Operations Research, Statistician, Systems Analyst, Teacher, Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist, Engineering


Disclaimer

At time of compiling courses for 2021 every effort has been made to ensure the information contained online is accurate.  However, it is possible that some course/assessment structures will be subject to change.

All courses are dependent on student numbers and staffing. Students will be advised if the school is unable to provide the subjects they select.