Accounting Level 2

The financial affairs of sole traders will be studied right through to presentation of financial statements. At this level students are also introduced to a more in depth study of analysis and interpretation of financial reports. Also included are accounting for inventory and fixed asset subsystems.

General
This course aims to:
•Develop student’s understanding of the role in society as a financial language for sole proprietors
•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 five major themes. They build on what was learnt at Year 10 and Level 1. Entities at this level are limited to service and trading enterprises.
Theme 1 - The 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 2 - Processing
You will learn how to record and process financial transactions using accounting software.

Theme 3 - Cashflow Forecasting

You will learn to be able to calculate and prepare cashflow forecasts for primary industries.

Theme 4 - Financial Statements

You will learn how to prepare and report financial information for a sole trader.
Theme 5 - Decision Making
You will learn how to analyse, interpret and evaluate financial and non-financial information to make informed decisions.