What is Accounting all about?
VCE accounting focuses on the financial recording, reporting and decision-making processes of a small business. Students will study both theoretical and practical aspects of accounting. Financial data and information will be collected, recorded, and reported using both manual and information and communications technology (ICT) methods.
This study enables students to:
- Acquire knowledge and skills to record financial data and report accounting information in a manner that is appropriate for the needs of the user
- Develop an understanding of the role of accounting in the management and operation of a business
- Develop skills in the use of ICT in an accounting system
- Develop an understanding of ethical considerations in relation to business decision-making
- Develop the capacity to identify, analyse and interpret financial data and accounting information
- Develop and apply critical-thinking skills to a range of business situations
- Use financial and other information to improve the accounting decision-making within a business
The study is made up of four units.
Unit 1: Role of Accounting
Unit 2: Accounting and decision-making for a trading business
Unit 3: Financial accounting for a trading business
Unit 4: Recording, reporting, budgeting and decision-making
There are no prerequisites for entry to Units 1, 2 and 3. Students must undertake Unit 3 prior to undertaking Unit 4.
Demonstrated achievement of the set of outcomes specified for the unit.
Levels of Achievement
Units 1 and 2
School based assessment consisting of coursework, assessment tasks and an exam
Units 3 and 4
- Unit 3 school-assessed coursework: 25 %
- Unit 4 school-assessed coursework: 25%
- End-of-year examination: 50 %