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 | Learning requirements

Learning requirements

The learning requirements summarise the knowledge, skills, and understanding that students are expected to develop and demonstrate through their learning in Stage 1 Accounting.

In this subject, students are expected to:

  1. understand the role of accounting in decision-making
  2. understand and explore accounting concepts and conventions
  3. apply accounting concepts and conventions to create accounting information
  4. understand the accounting information needs of a range of stakeholders
  5. explore the use of, apply, and analyse accounting information in business, personal, and/or cultural contexts
  6. apply communication skills in an accounting context.