Unit 1
|
|
Unit 2
|
Going into Business
This unit focuses on the accounting and financial management of a small business.
Areas studied
- Recording an reporting transactions manually and using spreadsheets
- Price setting strategies
- Cash budgeting
- Source of finance and investment
|
|
Operating a Business
This unit focuses on the accounting and financial operations of a sole proprietor trading business.
Areas studied
- Purpose of accounting
- Inputting and processing of data into a single entry system
- Business analysis
|
| |
Unit 3
|
|
Unit 4
|
Double Entry for Trading Businesses
This unit focuses on accounting and financial issues of a small trading business operating as a sole proprietor.
Areas studied
- Accounting principles and concepts
- Double entry accounting both manually and using electronic software - MYOB
- Accounting reports
- Issues in accounting
|
|
Planning, Control and Decision Making
This unit develops the role of accounting in providing information for management.
Areas studied
- Perpetual inventory method using FIFO
- Stock valuation
- General journal entries
- Subsidiary ledgers and schedules
- Budgeting
- Distinction between cash and profit
|
| Assessment: Assessment in Accounting is a 1 1/2 hour written examination in June (33%), Unit 3&4 school assessed course work (34%) and a 1 1/2 hour written examination in November (33%) |
