Accounting Units 1 - 4

Accounting is needed in a diverse range of environments from rock bands to sporting organisations, retail outlets, banks and restaurants. A knowledge of accounting concepts and skills are highly valued by employers.

In Accounting students learn many of the processes used by business to maintain financial records. The level of mathematics required is the ability to perform basic arithmetic functions. Most written responses are short answer only. Students who enjoy following a process to achieve a result and analysing data using graphs will find Accounting engaging. Much of the class work is completed using a computer, although students have the option of purchasing an exercise proforma book.

At the end of this course you will have the basic skills in financial record keeping. This includes QuickBooks skills that would be valuable to an employer. You can use these abilities to run your own business, manage your own money or to act as an accountant for another business. Remember it is easy for qualified accountants to find work and attract large salaries.

Major topics covered in Units 1 & 2 include – Costing and breakeven analysis, recording and reporting (determining profit etc) bank reconciliations.

Major topics covered in Units 3 & 4 include - Special Journals, The General ledger, Accounting for Stock, Determining profit or loss, Balance day Adjustments, Cash Flow, Accounting for Non Current Assets and evaluating profitability and liquidity.

Pre- requisite subjects

Units 1 & 2 – Nil

Units 3 & 4 – It is highly recommended that students should have completed at least Unit 2 Accounting

Fees applicable – no additional charge beyond the general materials fee.


For further information, click on the Study Summary link that will take you directly to the Victorian Curriculum and Assessment Authority (VCAA) website.