Year 12 Accounting & Finance ATAR: Recent Episodes

Renae Guthridge

Year 12 Accounting and Finance ATAR content based on SCSA Syllabus.

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Issue of Ordinary Shares

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Rights of Shareholders

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Prospectus

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Written Constitution

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Powers & Duties of Directors

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Company Formation

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Company Characteristics

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Performance Reports

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Budgeted Income Statements & Cash v Accrual

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Cash Shortage v Surplus

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Cash Budget

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Master Budget

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Payback Period

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Other Factors

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Time value of money

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Capital Investment

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Job Order Costing

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Cost Accounting

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Business planning overview

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Business Finance overview

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Insolvency defined

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Overview and appropriate levels of investment in non-current assets

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Identification of the costs and potential income associated with engaging in socially and environmentally responsible practices

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The ethical issues encountered in financial dealings between business owners / managers and their employees, clients and investors

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Internal audit and control, including purpose of internal audit, review of processes, and detection and correction of errors and deficiencies.

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The role and function of the accountant in managing business operations.

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Differences between internal and external reporting, including: users; regulation; financial statements and types of reports.

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Distinguish between management accounting and financial accounting.