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Accounting is fundamental for business and for everyday life. Ākonga gain financial literacy and the tools to make real-life financial decisions in a changing and uncertain world. One of the vital skills ākonga learn is how to prepare and communicate financial information to a wide range of people. Further study can lead to a career in accounting in many diverse businesses worldwide. With a business or commerce degree, you can keep your options wide open.
This course builds on the knowledge already gained in Level 1. It has a strong focus on accounting for sole traders and is useful for people interested in running their own business. Ākonga gain further knowledge, skills and experience needed to manage a small business, including the basics of managing inventory and accounts receivable processes. Ākonga process and interpret financial transactions and then, more importantly, report on this financial information. A practical segment using the accounting software MYOB is also included.
No prior learning needed.
| Standard | Description | Version | Credits | Assessment | L1 Lit/Num | UE Lit/Num | Vocational Pathways |
|---|---|---|---|---|---|---|---|
| 91174 | Demonstrate understanding of accounting concepts for an entity that operates accounting subsystems | 2 | 4 | External | SeService Industries recommended standard |
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| 91175 | Demonstrate understanding of accounting processing using accounting software | 2 | 4 | Internal | SeService Industries recommended standard CrCreative Industries recommended standard |
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| 91176 | Prepare financial information for an entity that operates accounting subsystems | 2 | 5 | External | |||
| 91177 | Interpret accounting information for entities that operate accounting subsystems | 2 | 4 | External | |||
| 91179 | Demonstrate understanding of an accounts receivable subsystem for an entity | 2 | 3 | Internal | |||
| 91386 | Demonstrate understanding of an inventory subsystem for an entity | 2 | 3 | Internal | SSeService Industries sector-related standard |
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| 91481 | Demonstrate understanding of a contemporary accounting issue for decision-making | 2 | 4 | Internal |