Revision notes for WACE Year 11 Accounting and Finance

These are the 12 revision notes inside the WACE Year 11 Accounting and Finance Mastery Pack. Open any note to see what it covers before you buy.

1. Sources of finance for small businessU1 · Unit 1 Financial institutions and systems: Financial institutions

   Unit 1: Double entry accounting for small businesses · Unit 1 Financial institutions and systems: Financial institutions

2. Business ownership and types of business undertakingsU1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (ownership and undertakings)

   Unit 1: Double entry accounting for small businesses · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (ownership and undertakings)

3. Accounting concepts, conventions and GST principlesU1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (concepts, conventions, GST, trial balance, elements)

   Unit 1: Double entry accounting for small businesses · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (concepts, conventions, GST, trial balance, elements)

4. Double entry recording, trial balance and simple financial statementsU1 · Unit 1 Recording, using and evaluating financial information: Recording, processing and communicating financial information

   Unit 1: Double entry accounting for small businesses · Unit 1 Recording, using and evaluating financial information: Recording, processing and communicating financial information

5. Internal controlU1 · Unit 1 Recording, using and evaluating financial information: Evaluating financial information for planning, coordinating, controlling and investing

   Unit 1: Double entry accounting for small businesses · Unit 1 Recording, using and evaluating financial information: Evaluating financial information for planning, coordinating, controlling and investing

6. Legislation, bankruptcy and responsible small businessU1 · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors

   Unit 1: Double entry accounting for small businesses · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors

7. Electronic processing and payment systemsU2 · Unit 2 Financial institutions and systems: Financial institutions

   Unit 2: Accrual accounting · Unit 2 Financial institutions and systems: Financial institutions

8. Accrual accounting, the Conceptual Framework and balance day adjustmentsU2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (accrual basis, elements, recognition, balance day adjustments)

   Unit 2: Accrual accounting · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (accrual basis, elements, recognition, balance day adjustments)

9. Depreciation and inventory costing conceptsU2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (depreciation and inventory costing)

   Unit 2: Accrual accounting · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (depreciation and inventory costing)

10. Recording adjustments, depreciation and accrual-based financial statementsU2 · Unit 2 Recording, using and evaluating financial information: Recording, processing and communicating financial information

    Unit 2: Accrual accounting · Unit 2 Recording, using and evaluating financial information: Recording, processing and communicating financial information

11. Ratio preparation and interpretationU2 · Unit 2 Recording, using and evaluating financial information: ratio preparation (Recording, processing and communicating) and Evaluating financial information for planning, coordinating, controlling and investing

    Unit 2: Accrual accounting · Unit 2 Recording, using and evaluating financial information: ratio preparation (Recording, processing and communicating) and Evaluating financial information for planning, coordinating, controlling and investing

12. Professional associations and codes of conductU2 · Unit 2 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors

    Unit 2: Accrual accounting · Unit 2 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors

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