Accounting & Finance General


What is General Accounting and Finance all about?

The Accounting and Finance General course aims to make students financially literate by creating an understanding of the systems and processes through which financial practices and decision making are carried out, as well as the ethical, social and environmental issues involved. It helps students to analyse and make informed decisions about finances.

Through engagement with the course, students develop an understanding of the fundamentals on which accounting and financial management are based. Many students will find themselves self-employed and there is a high probability that they will have to engage in some form of accounting practices. Having an understanding of these practices enables them to analyse their own financial data and make informed decisions based on that analysis.

 

Who should select these units in Year 12?

Accounting and Finance is designed for students who have a special interest in business studies. Students who are interested in working within the finance department of an organisation or starting their own business. Students who wish to developed their problem solving, analytical and logical skills would also be suited to this course.

It is recommended that students selecting Accounting and Finance should have achieved a C grade in Year 11 Mathematics.

Pathway

You can work for any size business straight from school or go to TAFE or university and complete:

  • Certificate III in Bookkeeping and Accounts (Clerical)
  • Certificate IV in Financial Services leading to entry to University.

Completing Accounting and Finance (ATAR) provides an excellent ground for the first year Accounting unit at University.

Areas of Study

UNIT 3 – Double entry accounting for a small business

  • Financial systems and fundamentals of financial accounting
  • Recording, processing and communicating financial information
  • Principles of internal control

UNIT 4 – Accrual accounting

  • The role and influence of governments and other bodies
  • accrual accounting system as per the Conceptual Framework for Financial Reporting (the Conceptual Framework)
  • using financial ratios to analyse business performance.

 

To provide for different learning styles a variety of assessment tasks are used. For each course of study tasks are selected from:

  • project based (35%)
  • foundations of financial accounting
  • financial institutions and sources of finance
  • the role of government and other bodies

 

  • Test (50%)
    • theory
    • practical
  • Externally set task (15%)

 

What is General Accounting and Finance all about?

The Accounting and Finance General course aims to make students financially literate by creating an understanding of the systems and processes through which financial practices and decision making are carried out, as well as the ethical, social and environmental issues involved. It helps students to analyse and make informed decisions about finances.

Through engagement with the course, students develop an understanding of the fundamentals on which accounting and financial management are based. Many students will find themselves self-employed and there is a high probability that they will have to engage in some form of accounting practices. Having an understanding of these practices enables them to analyse their own financial data and make informed decisions based on that analysis.

 

Who should select these units in Year 12?

Accounting and Finance is designed for students who have a special interest in business studies. Students who are interested in working within the finance department of an organisation or starting their own business. Students who wish to developed their problem solving, analytical and logical skills would also be suited to this course.

It is recommended that students selecting Accounting and Finance should have achieved a C grade in Year 11 Mathematics.

Pathway

You can work for any size business straight from school or go to TAFE or university and complete:

  • Certificate III in Bookkeeping and Accounts (Clerical)
  • Certificate IV in Financial Services leading to entry to University.

Completing Accounting and Finance (ATAR) provides an excellent ground for the first year Accounting unit at University.

Areas of Study

UNIT 3 – Double entry accounting for a small business

  • Financial systems and fundamentals of financial accounting
  • Recording, processing and communicating financial information
  • Principles of internal control

UNIT 4 – Accrual accounting

  • The role and influence of governments and other bodies
  • accrual accounting system as per the Conceptual Framework for Financial Reporting (the Conceptual Framework)
  • using financial ratios to analyse business performance.

 

To provide for different learning styles a variety of assessment tasks are used. For each course of study tasks are selected from:

  • project based (35%)
  • foundations of financial accounting
  • financial institutions and sources of finance
  • the role of government and other bodies

 

  • Test (50%)
    • theory
    • practical
  • Externally set task (15%)