Stage 2 Accounting

2ACG20

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.

  • Course Details
  • ATAR: Yes
  • NTCET Points: 20
  • Fee: No
  • Purchase of the SACE accounting workbook approximately $50.

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.

Students 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.

Students study the following three sections:

  • Section 1: Understanding Accounting concepts and conventions
  • Section 2: Managing financial sustainability
  • Section 3: Providing Accounting advice

Assessment

Students demonstrate evidence of their learning through the following assessment types:

School Based Assessment Weighting
  • Assessment Type 1: Accounting Concepts and Solutions
40%
  • Assessment Type 2: Accounting Advice
30%
External Assessment
  • Assessment Type 3: Examination
30%

Information on the External Assessment - Examination (2 hours)

Students undertake a 2-hour examination. The examination includes a range of problem questions, including short-answer and extended-response questions. Problem questions integrate the key skills, knowledge, and understanding from all sections of the content with a focus on the knowledge, skills, applications, analysis, and interpretation involved in accounting practice.

This Assessment is graded by the SACE Board.

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