Level 1 Accounting

11ACCO
Course Description

Teacher in Charge: Ms L. Chave

This course aims to develop students financial literacy with a focus on accounting. It is an introduction to basic accounting principles and processes relating to individuals, communities and small businesses.  Students will cover the following Accounting skills: 

• Process and maintain financial records
• Prepare financial statements
• Interpret financial information 
• Use financial and non-financial information to inform decision making

These are necessary skills for most areas of future employment, future courses in Commerce and are useful life skills.

The stereotype of a pencil pushing accountant hunched over a calculator scribbling sums couldn't be be more inaccurate in today's world.  

  • Accounting students have transferable, strongly valued skills that help make them exceptional and visionary business leaders
  • Accountants are innovative
  • Accountants are good with money
  • Accountants are business advisors
  • 25% of CEOs are Chartered Accountants and 55% of CEOs have a Finance background



Pathway

Level 2 Accounting, Level 2 Business Studies

Contributions and Equipment/Stationery

Workbooks and revision cards are available (approximately $45.00). Purchase is highly recommended.


Recommended Prior Learning

Open Entry


Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90977 v3 Accounting 1.2 - Process financial transactions for a small entity
1
I
5
A.S. 90978 v3 Accounting 1.3 - Prepare financial statements for sole proprietors
1
E
5
A.S. 90979 v3 Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting
1
I
4
Y
A.S. 90980 v3 Accounting 1.5 - Interpret accounting information for sole proprietors
1
E
4
Y
A.S. 90981 v3 Accounting 1.6 - Make a financial decision for an individual or group
1
I
3
Y
Total Credits

Total Credits Available: 21 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 12 credits.