Year 11 Accounting

Subject Overview

Term 1
Term 1
Introduction to Accounting (no formal assessment)
• The current nature of accounting vs bookkeeping
• The role of technology
• The quadruple bottom line and how businesses integrate this into their business model.
• Types of accountants with links to careers
Processing Accounting Transactions (mid-year examination)
• Accounting equation
• GST
• Transactional analysis
• Prepare a cash receipts journal and a cash payments journal
• Prepare a bank reconciliation

Term 2
Financial Statements (mid-year examination)
• Prepare an income statement, statement of financial position and cash budget for a sole trader.

Term 3
Case Conferences (group assignment)
• Students learn how to problem solve through a range of business case studies and develop informed solutions.
• Students prepare a written report and provide a summarised presentation in small groups for this assessment.
Analysis and Interpretation for Small Businesses (end-of-year examination)
• Profitability
• Liquidity and cash flow
• Equity and return on investment
• Collection of debts
• Making informed business decisions

Term 4
Management Accounting (end-of-year examination)
• Routine and strategic decisions businesses make.
• Understand cost-volume-profit for businesses, alongside financial and non-financial information.
• Justify strategic decisions made.
Companies (end-of-year activity, no formal assessment)
• Structure of companies
• Understand shares, dividends, and capital growth