Accounting
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| Subject Name: | Accounting |
| Level of Study: | Stage 1 |
| Length of Course: | Semester or Full Year |
| Prerequisite: | NA |
Pre-requisites
What will be in the course?
The study of Accounting can lead to a diverse range of career paths for students because of the skills it helps to develop. It is useful if you want to become an accountant. However, it is also useful if you want to work in management of any type of business, government or non-government organisation, or become an entrepreneur. It is a subject that helps students to develop the skills for effective management of their own personal finances as they develop an understanding of the financial world around them.
An understanding of accounting helps organisations and individuals to make informed decisions when faced with challenges and opportunities that may arise from events such as the Global Financial Crisis and Covid-19 pandemic. The course requires students to apply their knowledge to real-world scenarios.
Due to the nature of the subject, students who wish to take Accounting for one semester only are encouraged to study in Semester 1.
What specific topics will be covered?
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· Profit and loss statements · Balance sheets · Cashflow statements · Budgets · Stock control · Break-even · Ratio analyses to identify suitable investments, improve profitability, cashflow and assist problem solving.
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How will I be assessed?
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School Assessment (100%) For each semester, students should provide evidence of their learning through four assessments. Each assessment type should have a weighting of at least 20%.
Students undertake: • three accounting skills tasks • one accounting inquiry |
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