Drouin Secondary College - Course Selection

11 VCE Accounting (11HAC1)

The Course

Unit 1 focuses on the establishment of a small service business and the accounting and financial management of the business. Students learn how to gather and record financial data, then report and explain accounting information for a business. They then measure business performance by analysing accounting information and making suggestions for improvement to the owner.

In Unit 2 students look at trading businesses. Students look at recording cash and credit transactions and the accrual method for determining profit. 

Students are taught how to record and report a firms inventory. They learn at how to record, report and manage accounts recievable and payable, including ethical considerations such as how to collect bad debts. Students look at how to manage a businesses Non-Current assets such as vehicles, equipment and premises.

In the new study design both Unit 1 and 2 will consider ethical considerations on all outcomes, relating to decision making and recording and reporting information.

Unit 1 Topics

The role of accounting

Recording financial data and reporting accounting information for a service business

Unit 2 Topics

Accounting for inventory

Accounting for and managing accounts receivable and accounts payable

Accounting for and managing Non-current rersources

Learning and Assessment Activities

Assessment can be any of the following, at the discretion and choice of the teacher.

Apart from classroom presentation, ALL options may include ICT

These units lead to

Any Business University course, including marketing, management, accounting, banking, finance or commerce. After successful completion of University and the completion of a CPA or CA degree (completed while working within an accounting firm), students can work in any industry either in Australia or overseas. http://www.cpaaustralia.com.au/ Many companies are large enough and complex enough to require the ongoing expertise of an in-house accountant. As an accountant, you may find yourself working for a manufacturing firm, a hospital, a bank, an insurance company, or a brokerage firm.

Accountants are also employed by federal government agencies such as the Securities and Exchange Commission (SEC) and federal police. State government agencies and large not-for-profit organizations also hire accountants.

Special considerations

You must undertake Unit 3 prior to undertaking Unit 4.

There is an assumption that you have to be good at maths to do accounting. This is not the case!

Costs involved

There are no excursions for this subject. Textbooks are approximately $80

Materials required

Textbook, workbook and non-graphic calculator.

For further information see...

Miss Burton

 

Study design link

VCAA VCE Accounting Index Page