Accounting Level 2

L2ACC
Course Description

Teacher in Charge: Mr B. Choromanski

Recommended Prior Learning

Achievement of: 15 credits in Level 1 Accounting including a pass in 1.1, 1.6 and 1.7, or selected Mathematics Achievement Standards



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 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 tranactions for particular entities
Theme 3Accounting Systems
You will learn to be able to Demonstrate an understanding of accounting processes for accounting subsystems
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 3, Economics Level 3

Career Pathways

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