Level 1 Accounting
11ACC Course DescriptionTeacher in Charge: Mr R. Reddy
LEARNING ACTIVITIES: The major part of the course is business finance, which includes calculating profits, writing up financial statements, and recording and processing financial transactions.
This course provides a foundation for further study in Accounting and prepares students to work as an accountant, auditor, financial advisor, finance manager, policy analyst, and statistician. It also provides skills needed to record financial information if you were to run your own business.
Pathway Recommended Prior Learning
Two years secondary English.
Credit Information
This course is eligible for subject endorsement.
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
| A.S. 90976 v3 Accounting 1.1 - Demonstrate understanding of accounting concepts for small entities | 1 |
E |
3 |
Y |
||
| A.S. 90977 v3 Accounting 1.2 - Process financial transactions for a small entity | 1 |
I |
5 |
|||
| A.S. 90978 v3 Accounting 1.3 - Prepare financial statements for sole proprietors | 1 |
E |
5 |
|||
| A.S. 90979 v3 Accounting 1.4 - Prepare financial information for a community organisation's annual general meeting | 1 |
I |
4 |
Y |
||
Total Credits |
||||||
Total Credits Available: 17 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 9 credits.
POLICY
It is the policy of Lynfield College to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.