Course Summary

VCE Accounting explores the financial recording, reporting, analysis and decision-making processes of a sole proprietor small business. You will study both theoretical and practical aspects of accounting. You will learn how to collect, record, report and analyse financial data, and report, classify, verify and interpret accounting information, using both manual methods and information and communications technology (ICT).

You will apply critical thinking skills to a range of business situations to model alternative outcomes and to provide accounting advice to business owners. In business decision-making, financial as well as ethical considerations (incorporating social and environmental aspects) will be taken into account.

VCE: Unit 1, Unit 2 and Unit 3 & 4 sequence available

Learning Activities & Assessment

• Prepare accounting reports both manually and using ICT
• Participate in simulated business activities such as recording and reporting of cash and credit transactions, non-current assets, balance day adjustments and inventory movement
• Participate in discussions around ethical considerations in business, particularly in the area of accounting
• Construct graphic representations of financial data to assist with the analysis of accounting reports and the evaluation of business performance