Accounting & Finance Unit 1A

The theme of this CD is personal finance. Students learn about financial institutions and systems, recording, using and evaluating financial information, government and the community.

Accounting & Finance Unit 1B

In this resource for Accounting & Finance 1B students will learn what needs to be done to establish a small business. Students will learn about the government regulations which affect the establishment of small businesses and the costs involved in setting up a business.
Using this resource students will learn how to keep the financial records for a cash based small business. They will learn about the function of business documents and how to prepare the documents using either a manual or electronic system.

Accounting & Finance Unit 2A 

This K-12 Curriculum Resource has been developed for use by students studying Accounting and Finance Unit 2A as part of the Western Australian Certificate of Education.
The focus of this unit is double entry accounting for small business. This resource is closely aligned to the course syllabus and assessment requirements.
Throughout the resource students are engaged in a series of interactive activities to develop their knowledge and skills. In this unit students examine the main types of small business ownership and their advantages and disadvantages. Students will gain an understanding of how the Goods and Services Tax (GST) system works and accounting for GST. The unit includes the preparation of General Journal entries, positing journal entries to the General Ledger and preparing classified Income Statements and Balance Sheets for both service and trading/manufacturing businesses. In addition, students will investigate the influences that Government and the community have on small business in relation to social, ethical and environmentally responsible behaviour through sponsorship, resource conservation and taxation. Systems of internal control are also studied.

Accounting & Finance Unit 2B

The focus of this course is the difference between cash and accrual accounting. This resource is closely aligned to the course syllabus and assessment requirements. Accounting and Finance Unit 2B expands on topics covered in 2A including accounting for inventory and the general journal. Students will gain an understanding of the need for balance day adjustments and making adjusting entries in the general journal. Depreciation is examined and students will learn how to calculate and prepare the entries for the depreciation and sale of a non-current asset. Classified financial reports are required and students will analyse them using ratios. An introduction to computerised accounting gives students the opportunity to develop skills in two leading accounting software packages. Students will investigate professional associations and the importance of their codes of conduct. This resource uses interactive activities to engage students and includes investigation and production activities.