Accounting

About the subject

In this subject students learn the practical skills needed to manage their own financial affairs and develop an understanding of the ethical considerations that affect financial decision-making.

They learn about the successful management of financial affairs in business, gain knowledge and skills related to accounting processes for organisational and business applications, and develop greater understanding of accounting concepts and standards and their use to generate financial reports.

Students learn how to interpret financial information and convey this information to interested users.

Course content

A 10-credit subject, this course consists of 'The Environment of Accounting’ and at least two option topics. Option topics are:

• Personal Financial Management
• Business documents
• Keeping cash records
• Double-entry recording
• Financial reports
• Analysis and interpretation of Financial Reports
• Teacher-developed Topic

Assessment

Assessment at Stage 1 is school based. Students demonstrate evidence of their learning through the following assessment types:

• Skills and Application Tasks - tests, assignments, practical exercises etc.
• Investigation - reports, oral presentations, web forums etc.