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Accounting is fundamental for business and for everyday life. Students gain financial literacy and the tools to make real-life financial decisions in a changing and uncertain world. One of the vital skills students learn is how to prepare and communicate financial information to a wide range of people. Further study can lead to a career in accounting in many diverse businesses worldwide. With a business or commerce degree, you can keep your options wide open.
Financial literacy is an essential lifelong skill. This course gives students the tools to make real-life financial decisions in a range of situations. Students develop the knowledge and skills to manage the financial affairs of individuals, community organisations and sole traders. There is an emphasis on preparing financial information and effectively communicating that information.
Students should have a reasonable level of literacy.
| Standard | Description | Version | Credits | Assessment | L1 Lit/Num | UE Lit/Num | Vocational Pathways |
|---|---|---|---|---|---|---|---|
| 90976 | Demonstrate understanding of accounting concepts for small entities | 3 | 3 | External | laLiteracy achievement standard |
PrPrimary Industries recommended standard SeService Industries recommended standard CrCreative Industries recommended standard |
|
| 90977 | Process financial transactions for a small entity | 3 | 5 | Internal | SeService Industries recommended standard CrCreative Industries recommended standard |
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| 90978 | Prepare financial statements for sole proprietors | 3 | 5 | External | SeService Industries recommended standard CrCreative Industries recommended standard |
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| 90979 | Prepare financial information for a community organisation's annual general meeting | 3 | 4 | Internal | laLiteracy achievement standard |
SeService Industries recommended standard CrCreative Industries recommended standard |
|
| 90980 | Interpret accounting information for sole proprietors | 3 | 4 | External | laLiteracy achievement standard |
PrPrimary Industries recommended standard SeService Industries recommended standard CrCreative Industries recommended standard |
|
| 90981 | Make a financial decision for an individual or group | 3 | 3 | Internal | laLiteracy achievement standard |
SeService Industries recommended standard CrCreative Industries recommended standard |
|
| 90982 | Demonstrate understanding of cash management for a small entity | 3 | 4 | Internal | laLiteracy achievement standard |
SeService Industries recommended standard CrCreative Industries recommended standard |