Level 1 Accounting

1ACC
Subject Description

Teacher in Charge: Mr B. Wedlake

Accounting is the language of business. It is an international language, which provides global opportunities for graduates who wish to combine travel with their career. At Level 1, students learn to prepare financial records for a small business. They also learn how to extract meaning from financial statements and communicate this to clients. These skills are required by every business, in fact every organisation, which is why accountants are in such high demand. From working for one of the Big Four to CFO or CEO of a large company or Government entity, to running your own business, the possibilities are extensive and rewarding.

In order to complete course requirements, it is expected that students will attempt up to four achievement standards during the year. Standards offered at this level comprise 17 credits.


Pathway

Level 2 Accounting

Level 1 Accounting leads on to Level 2 Accounting. Pursuing Accounting through to Level 3 opens up myriad tertiary study pathways in Commerce, all with strong career prospects.

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. 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. 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: 17 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 8 credits.

Pathway Tags

Accountant, Auditor, Accounts Officer, Actuary, Administration Officer, Finance Manager, Retail Manager, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Cafe/Restaurant Manager, Financial Adviser, Health Services Manager, Office Manager, Payroll Officer, Purchasing/Supply Officer, Secondary School Teacher, Management Consultant, Orchard Farmer/Manager