Accounting provides opportunities for students to develop an understanding of the essential role of organising, analysing and communicating financial data and information in the successful performance of any organisation.
Students learn fundamental accounting concepts in order to understand accrual accounting
and managerial and accounting controls, preparing internal financial reports, ratio analysis and interpretation of internal and external financial reports. They synthesise financial data and other information, evaluate accounting practices, solve authentic accounting problems, make decisions and communicate recommendations.
Students develop numerical, literacy, technical, financial, critical thinking, decision-making and problem-solving skills. They develop an understanding of the ethical attitudes and values required to participate effectively and responsibly in a changing business environment.
A course of study in Accounting can establish a basis for further education and employment in the fields of accounting, business, management, banking, finance, law, economics and commerce.
By the conclusion of the course of study, students will:
Formative Internal Assessment 1: Examination - combination response
25
Formative Internal Assessment 2: Examination — combination response
25
Formative Internal Assessment 3: Project - End-of-year reporting
25
Summative Internal Assessment 1: Examination — Combination response
25
Summative Internal Assessment 1: Examination — Combination response
25
Summative Internal Assessment 3: Project — Cash management
25
Summative External Assessment: Examination — Short response
25
Mr Wes Warner
wwarner@mfac.edu.au