Level 2 Accounting

12ACC
Course Description

Teacher in Charge: Mr K. Frewen

Accounting gives students the tools to make real life financial decisions in a constantly changing and uncertain world. It is the process of preparing and communicating financial information to a wide range of users. Accounting enhances financial literacy and helps individuals and organisations to be accountable to stakeholders for their actions. In addition to being a core prerequisite for almost every commerce degree in Australasia, accounting skills are important in all industries and highly valued in university graduates. 

Level 2 gives students the tools to make real life financial decisions, enhance their financial literacy and help individuals and organisations to be accountable to stakeholders for their actions.   

The course covers the following topics:

  • Conceptual basis of accounting - practical application of assumptions on which accounting is based
  • Processing simple and complex data into meaningful information using accounting software (MYOB)
  • Accounts receivable and Inventory subsystems and the controls required for accurate information
  • Preparation and interpretation of financial reports which meet user needs and professional and legal requirements
  • Decision making - analyse and interpret financial information

Pathway

Level 3 Accounting

Contributions and Equipment/Stationery

$20 for Workbooks.
2B8 exercise book, Blue or Black pens, Ruler, Highlighters, Refill, Clearfile.


Recommended Prior Learning

12 credits in Level 1 Accounting or approval from the HOF. Students who have not previously taken accounting will need to participate in out of class tutorials.


Credit Information

This course is eligible for subject endorsement.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 91174 v2 Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
2
E
4
Y
A.S. 91175 v2 Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
2
I
4
Y
A.S. 91176 v2 Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
2
E
5
Y
A.S. 91177 v2 Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
2
E
4
Y
Y
A.S. 91179 v2 Accounting 2.6 - Demonstrate understanding of an accounts receivable subsystem for an entity
2
I
3
Y
Y
A.S. 91386 v2 Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
2
I
3
Y
Y
Total Credits

Total Credits Available: 23 credits.
Externally Assessed Credits: 13 credits.
Internally Assessed Credits: 10 credits.

Pathway Tags

Construction and infrastructure, Manufacturing and technology, The Primary Industries, The Service Industries, Social and Community services, Accountant, Actuarial Science, Computer Analyst or programmer, Economist, Engineering Analyst, Information Scientist, Marketing Research Analyst, Mathematician, Meteorologist, Numerical Analyst, Operations Research, Statistician, Systems Analyst, Teacher, Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Secondary School Teacher, Tertiary Lecturer, Property Manager, Real Estate, Valuer, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist, Engineering.


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