This unit extends the accounting process from a service business and focuses on accounting for a sole proprietor of a single activity trading business. Students use a single entry recording system for cash and credit transactions and the accrual method for determining profit. They analyse and evaluate the performance of the business using financial and non-financial information. Using these evaluations, students suggest strategies to the owner on how to improve the performance of the business.

This unit is delivered in Year 11.

Unit details

Study level:
Vocational and further education (TAFE)
Unit code:
AC022

Assessment

Demonstration of 'Satisfactory completion' by a selection of Assessment tasks and Level of Performance by SAC (Tests) and Exams.

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