12 Accounting 1

12AC1
Course Description

Teacher in Charge: Ms M. Kerrigan

Students will:

Focus on acquiring and developing business-related accounting skills and theory, learning to process more complex transactions and how to prepare
financial statements manually and by computer
Investigate and report on accounting subsystems as well as analysing and interpreting sole proprietor statements in more detail than at Level 1


Pathway

13 Accounting 1, 13 Agribusiness 1, 13 Business Studies 1

Contributions and Equipment/Stationery

12AC1 - Supplementary costs: Approx $40


Prerequisites

At least 15 credits in Level 1 Accounting (11AC1) including achieved or better in AS90977 and AS90978

OR HoD approval


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. 91386 v2 Accounting 2.7 - Demonstrate understanding of an inventory subsystem for an entity
2
I
3
Y
Y
A.S. 91177 v2 Accounting 2.4 - Interpret accounting information for entities that operate accounting subsystems
2
E
4
Y
Y
A.S. 91176 v2 Accounting 2.3 - Prepare financial information for an entity that operates accounting subsystems
2
E
5
Y
A.S. 91175 v2 Accounting 2.2 - Demonstrate understanding of accounting processing using accounting software
2
I
4
Y
A.S. 91174 v2 Accounting 2.1 - Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems
2
E
4
Y
Total Credits

Total Credits Available: 20 credits.
Externally Assessed Credits: 13 credits.
Internally Assessed Credits: 7 credits.