This course introduces students to VCE Business Management, Accounting and Economics. Students will apply their understanding of business theory to create a business plan for a service business. In the Accounting Unit students will learn about the accounting process and how to report and report financial information that can be used for business decision making. In the Economics Unit students will be introduced to key economic concepts and process that drive the economy.
Entrepreneurship and innovation
Legal structures
Identifying target markets
Branding and marketing in business (Product, Price, Place and Promotion)
Assessing competitors
Strengths, weaknesses, opportunities and threats for a business
The Accounting process
Recording cash transactions
Preparing reports (Balance Sheet, Income Statement and Statement of Receipts and Payments)
Price setting strategies
Financial indicators and decision making
The economic problem
Resource allocation
The price mechanism and the Law of Demand and Law of Supply
Tariffs and quotas
Student assessment typically incorporates topic tests and the submission of completed learning activities (including exercises and group work).
There is also an examination at the end of the semester.
For more detailed information, please click on the link/s below:
For more detailed information, please click on the link/s below:
Victorian Curriculum: The Humanities - About the Humanities - Victorian Curriculum (vcaa.vic.edu.au)
Australian Curriculum: Economics and Business | The Australian Curriculum
Money, Markets and Citizenship (Vic), Cambridge 2E (Digital).