Accounting Level 1

L1ACC
Course Description

Teacher in Charge: Mr B. Choromanski

Recommended Prior Learning

Open Entry, however, it is recommended that you would have achieved a pass in Year 10 Mathematics



Accounting is the language of business. It provides a system of measuring the money value of transactions in business and for individuals. The course involves personal accounting, financial accounting, the accounting process and the application of these principles and processes to individuals, clubs and sole traders.

General
This course aims to:
•Develop student’s understanding of the role in society as a financial language for partnerships, companies and manufacturing concerns.
•Provide students with knowledge of the principles, processes and systems of Accounting.
•Enable students to apply financial knowledge and skills to practical situations.

This level of study is organised into fiver major themes. These themes will be taught in the following order.
Theme 1The Conceptual basis of Accounting
You will develop an understanding of the foundations of Accounting, the principles on which it is based and how they are applied in a range of situations.
Theme 2Processing
You will learn how to record and process the impact of financial transactions for particular entities
Theme 3Accounting Systems
You will learn to be able to describe and evaluate a job cost system for a business which produces a good or provides a service.
Theme 4Accounting Reports
You will learn how to present and report financial information to interested parties for particular entities.
Theme 5Decision Making
You will learn how to analyse, interpret and evaluate financial and non-financial information to make informed decisions.



Learning Areas:

Commerce



Pathway

Accounting Level 2, Economics Level 2

Career Pathways

Accountant, Management Consultant, Quantity Surveyor, Finance Manager, Actuary, Market Research Analyst, Managing Director/Chief Executive, Mortgage Broker, Payroll Officer, Tertiary Lecturer, Purchasing/Supply Officer, Property Manager, Buyer, Valuer, Insurance Claims Officer, Community Development Worker, Auditor, Accounts Officer, Retail Manager, Financial Adviser, Bank Worker, Hotel/Motel Manager, Farmer/Farm Manager, Health Services Manager, Insurance Adviser