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VCE ACCOUNTING 3/4

Unit 3     Recording and Reporting for a Trading Business

Unit 4     Control and Analysis of Business Performance

In Units 3 and 4 Accounting students use the double entry system to record financial data and prepare financial reports such as a Balance Sheet and Income Statement. Students evaluate financial and non-financial information. They interpret accounting information from reports and graphical representations, and analyse the results to suggest strategies to the owner on how to improve the performance of the business. Students also prepare budgets for the cash, profit and financial position of a business.

Topics include:

  • Recording financial data
  • Balance day adjustments and reporting and interpreting accounting information
  • Extension of recording and reporting
  • Financial planning and decision making