VCE Accounting
Subject Overview
VCE Accounting focuses on the generation of accurate financial reports to a sole owner of a small business. Students study both the theoretical and the practical sides to Accounting. They go through the full Accounting process to produce the major financial reports and then apply critical thinking skills, as well as manual and electronic methods to advise business owners based on those reports.
Unit 1 & 2
In Unit 1 & 2 you will:
- Record transactions and produce financial reports
- Learn how to account for the main building blocks of business:
- Inventory
- Accounts Receivable
- Accounts Payable
- Assets
- Liabilities
- Equity
Unit 3 & 4
In Unit 3 & 4 you will:
- Record and analyse financial data
- Prepare and interpret financial reports
- Give business advice based on financial reports and financial ratios
- Explore complex transactions and their effect
- Develop budgets
Types of Assessment
- Structured questions
- Case studies using ICT
- Folio of exercise
Class Activities
- Apply accounting concepts and terminology
- Analyse and evaluate financial information
- Apply theoretical knowledge to simulated situations
- Discuss ethical considerations
Careers that may link to this subject area
- Accountant
- Accounts Clerk
- Accounting Software
- Auditor, Banking
- Bookkeeper
- Budget Analyst
- Clerk
- Compliance Officer
- Cost Accountant
- Environmental Accountant
- Financial Planner
- Forensic Accountant
- Payroll Officer
- Project Manager
- Small business owner
- Tax Accountant
- Teacher