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Accounting

​The study of Accounting is a universal discipline, encompassing the successful management of financial resources of the public sector, businesses and individuals. It is foundational to all organisations across all industries and assists in discharging accountability and financial control. Accounting is a way of systematically organising, critically analysing and communicating financial data and information for decision making. The overarching context within the study of Accounting is the real-world expectation that Accounting provides real-time processing of transactions and digital technologies are integral to this subject, enabling real-time access to vital financial information.
Students will develop an understanding of the essential role Accounting plays in the successful performance of any organisation. In this subject students will develop an understanding of accrual accounting, managerial and accounting controls, preparing financial reports, ratio analysis and interpretation of internal and external financial reports. Students will then be ready to explore the complex utilisation of knowledge, allowing them to synthesise financial and other information, evaluate accounting practices, solve authentic accounting problems and make and communicate recommendations.
Accounting is for students with a special interest in business, commerce, entrepreneurship and the personal management of financial resources. The numerical, literacy, technical, financial, critical thinking, decision-making and problem-solving skills learning in Accounting will enrich the personal and working lives of students. Problem-solving and the use of authentic and diversified accounting contexts will provide opportunities for students to develop an understanding of ethical attitudes and values required to participate more effectively and responsibly in a changing business environment.
 
PATHWAYS
A course of study in Accounting is suited to students who are interested in pathways beyond school that lead to tertiary studies, vocational education or work. This course can establish a basis for further education and employment in the fields of accounting, business, management, banking, finance, law, economics and commerce. As the universal language of business, Accounting provides students with a variety of future opportunities, enabling competitive advantage in entrepreneurship and business management in many fields of employment, both locally and internationally.
 
LEARNING INTENTIONS AND SUCCESS CRITERIA
 
By the conclusion of the course of study, students will:
• Describe accounting concepts and principles
 Explain accounting concepts, principles and processes
 Apply accounting principles and processes
 Analyse and interpret financial data and information to draw conclusions
 Evaluate accounting practices to make decisions and propose recommendations
• Synthesise and solve accounting problems
• Create responses that communicate meaning to suit purpose and audience.
 
REQUIRED COURSE MATERIALS
• Calculator
 Treble Cash, Ledger and Journal paper
 Pens - red, black and blue
 Ruler
 Erase
• Synthesise and solve accounting problems
• Create responses that communicate meaning to suit purpose and audience.

 

FURTHER INFORMATION

For more information, please see the 2019 Curriculum Handbook.