Stage 1 | Subject outline | version control

Accounting Stage 1
Subject outline

Version 4.0
For teaching in Australian and SACE International schools from January 2024 to December 2024.
For teaching in SACE International schools only from May/June 2023 to March 2024, and from May/June 2024 to March 2025.
Accredited in August 2018 for teaching at Stage 1 from 2019.

Stage 1 | Subject outline | Capabilities | Critical and creative thinking

Critical and creative thinking

In this subject students extend and apply their critical and creative thinking capability by, for example:

  • creating and communicating accounting information to a range of stakeholders
  • applying their understanding of accounting concepts and conventions to create accounting information
  • understanding that the role of accounting is to enable effective decision-making
  • exploring the evolving role of accounting in society and the challenges and opportunities present in the practice of accounting
  • exploring how accounting information has evolved to better meet stakeholder needs
  • applying their understanding of stakeholder information needs to their personal situation, current and future, to inform potential decisions.