Accounting
Unit 1
Overview
This unit explores the establishment of a business and the role of accounting in either business success or failure. Students analyse both financial and non-financial information and interpret and evaluate performance.
Students learn to record financial information and prepare accounting reports.
Download > VCE Accounting Study Design
Unit Prerequisites
N/A
Assessment
- The role of accounting
- Recording Financial data and reporting accounting information for a service business.
Unit Assessment
Assessment includes:
- Folio of exercises
- Structured Questions
- Topic Tests
Pathways
University and TAFE study in Arts, Startup Businesses, Accounting, Business, Finance, Economics and Law.
Accounting
Unit 2
Overview
In this unit students develop their knowledge of the accounting process for sole proprietors operating a trading business, with a focus on inventory, accounts receivable, accounts payable and non-current assets. Students use manual processes and ICT, including spreadsheets, to prepare historical and budgeted accounting reports. The financial performance of a business is analysed and evaluated.
Download > VCE Accounting Study Design
Unit Prerequisites
N/A
Assessment
- Accounting for inventory
- Accounting for and managing accounts receivable and accounts payable
- Accounting for and managing non-current assets
Unit Assessment
Assessment includes:
- Folio of exercises
- Structured Questions
- Topic Tests
Pathways
University and TAFE study in Arts, Startup Businesses, Accounting, Business, Finance, Economics and Law.
Accounting
Unit 3+4
Overview
Unit 3 focuses on the financial accounting for a trading business owned by a sole proprietor. The double entry system of recording is used to record financial information and reports are prepared using the accrual basis of accounting. The perpetual method of inventory recording is covered.
In Unit 4 students further develop their understanding of the financial system covered in Unit 3. Students explore balance day adjustments and alternative methods of depreciation. The unit also involves the analysis of business performance and providing advice to improve business performance.
Download > VCE Accounting Study Design
Unit Prerequisites
Unit 1+2 Accounting is highly recommended
Areas of Study
- Recording and analysing Financial data
- Preparing and interpreting accounting reports
- Extension of recording and reporting
- Budgeting and decision-making
Unit Assessment
- Unit 3 SACS 25%
- Unit 4 SACS 25%
- End of unit examination 50%
Assessment includes
- Case study
- Structured questions
- Folio of exercises
30% of assessment for both Unit 3 and 4 is ICT based
Pathways
University and TAFE study in Arts, Startup Businesses, Accounting, Business, Finance, Economics and Law.
Business Management
Unit 1
Overview
Businesses of all sizes are major contributors to the economic and social wellbeing of a nation. Therefore how businesses are formed and the fostering of conditions under which new business ideas can emerge are vital for a nation’s wellbeing. Taking a business idea and planning how to make it a reality are the cornerstones of economic and social development.
In Unit 1, students explore the factors affecting business ideas and the internal and external environments within which businesses operate, and the effect of these on planning a business.
Download > VCE Business Management Study Design
Unit Prerequisites
N/A
Assessment
- The business idea
- External environment
- Internal environment
Unit Assessment
Suitable tasks for assessment may be selected from the following:
- Case study analysis
- Business research report
- Development of a business plan and/or feasibility study
- Media analysis
Pathways
Banking, Insurance, Marketing, Finance, International Trade, Travel & Tourism, Clerical Work, Public Administration, Local Government, Real Estate, Sales & Retail, Human Resource Management
Business Management
Unit 2
Overview
This unit focuses on the establishment phase of a business’s life. Establishing a business involves complying with legal requirements as well as making decisions about how best to establish a system of financial record keeping, staff the business and establish a customer base.
In this unit students examine the legal requirements that must be satisfied to establish a business. They investigate the essential features of effective marketing and consider the best way to meet the needs of the business in terms of staffing and financial record keeping. Students analyse various management practices in this area by applying this knowledge to contemporary business case studies from the past four years.
Download > VCE Business Management Study Design
Unit Prerequisites
N/A
Assessment
- Legal requirements and Financial considerations for establishing a business
- Marketing a business
- Staffing a business
Unit Assessment
Suitable tasks for assessment may be selected from the following:
- Case study analysis
- Business research report
- Development of a business plan and/or feasibility study
- Media analysis
Pathways
Banking, Insurance, Marketing, Finance, International Trade, Travel & Tourism, Clerical Work, Public Administration, Local Government, Real Estate, Sales & Retail, Human Resource Management
Business Management
Unit 3+4
In Unit 3, students explore the key processes and considerations for managing a business efficiently and effectively to achieve business objectives. Students examine different types of businesses and their respective objectives and stakeholders. They investigate strategies to manage both staff and business operations to meet objectives, and develop an understanding of the complexity and challenge of managing businesses. Students compare theoretical perspectives with current practice through the use of contemporary Australian and global business case studies from the past four years.
Businesses are under constant pressure to adapt and change to meet their objectives. In Unit 4, students consider the importance of reviewing key performance indicators to determine current performance and the strategic management necessary to position a business for the future. Students study a theoretical model to undertake change and consider a variety of strategies to manage change in the most efficient and effective way to improve business performance. They investigate the importance of effective management and leadership in change management. Using one or more contemporary business case studies from the past four years, students evaluate business practice against theory.
Areas of study
Managing a business:
- Business foundations
- Human resource management
- Operations management
Transforming a business
- Reviewing a performance – the need for change
- Implementing change
Download > VCE Business Management Study Design
Unit Prerequisites
N/A
Areas of Study
Business foundations
- managing employees
- operations management
- reviewing performance
- the need for change
- implementing change
Unit Assessment
- Unit 3 school assessed coursework (SACs) 25%
- Unit 4 school assessed coursework (SACs) 25%
- Units 3 & 4 examination 50%
Pathways
University Bachelor degrees in: Economics, Business Systems, Banking & Finance, Marketing, Management, Business, Information Technology, Arts/Commerce, International Trade, Tourism & Hospitality, Teacher Education, Commerce/Law, Social Sciences
Employment opportunities include: Banking, Insurance, Marketing, Finance, International Trade, Travel & Tourism, Clerical Work, Public Administration, Local Government, Real Estate, Sales & Retail, Human Resource Management