What is ATAR Accounting and Finance all about?
In our ever changing world, a basic knowledge of business has become a life skill. We all use some level of accounting knowledge in our day to day lives; dealing with money, paying bills and keeping records for our personal taxation.
The Accounting and Finance ATAR 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.
Who should select these units in Year 11?
Accounting and Finance is designed for students who have a special interest in business studies and in the management of financial resources. According to the Australian Government careers website, average weekly earnings for those in the financial sector are often 20% higher than many occupations.
It is recommended that students selecting Accounting and Finance should have achieved a C grade in Year 10 Mathematics.
Accounting and Finance Year 12- ATAR
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 1 –
The focus for this unit is double entry accounting for small businesses. Students record and process financial information using the double entry system and apply the principles of Goods and Services Tax (GST).
Unit 2 –
The focus for this unit is accrual accounting. Students apply financial systems and principles to the operations of businesses, distinguish between cash and accrual methods of accounting, prepare and analyse financial reports for a variety of business organisations.
To provide for different learning styles a variety of assessment tasks are used. For each course of study tasks are selected from:
- Response (Tests) – 40%
- Investigations (Projects) – 10%
- Examinations – 50%