Accounting

2ACCY

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.

About the subject

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: The Environment of Accounting
  • Section 2: Financial Accounting
  • Section 3: Management Accounting

Assessment

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

School-based AssessmentWeighting
Skills and Applications Tasks50%
Report20%
External Assessment 
Examination30%

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.

The examination will be graded by external assessors with reference to the performance standards.

Performance Standards

The Accounting Subject Outline includes performance standards, which describe five levels of achievement that are reported with the grades A to E at the student’s completion of the subject. The school-based assessments and the external assessment will be graded with reference to the performance standards.

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Accounting
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© 2016 Darwin High School. CRICOS Provider: Northern Territory Department of Education, CRICOS Provider Number: 00780M, Course Code Intensive English: 048904G, Course Code Senior Secondary: 058744C

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