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December 18, 2018, 01:29:23 am

Author Topic: VCE Accounting Unit 3/4 without unit 1/2?  (Read 170 times)  Share 

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tomatosauce

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VCE Accounting Unit 3/4 without unit 1/2?
« on: November 21, 2018, 04:29:53 pm »
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So... I have been thinking about my options because I am interested in getting another Unit 3/4 knocked over in Year 11... Would I need to do unit 1/2 Accounting...is unit 1/2 needed to understand unit 3/4? I'd love advice from any of you who have studied it!
Thanks! :D
Someone told me to grow up yesterday. I immediately banned that person from ever riding my unicorn!
Class of 2020 graduate... if I ever get there! :D
Year 11 - 2019:
English, Math Methods, VET Business 3/4, Legal Studies and Accounting

Year 12 - 2020:
English, VET Accounting 3/4, Math Methods, Legal Studies and VCE Accounting

2021: Chartered Accountant ;)

Maddyv11

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Re: VCE Accounting Unit 3/4 without unit 1/2?
« Reply #1 on: November 28, 2018, 05:00:25 pm »
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In order to be able to really understand year 12 accounting properly, you need to do year 11 accounting. I started the subject in unit 2 and it took me the entire semester to have a good grasp at the accounting equation, and the accounting elements. I know from year 12 that kids even at the end of the year didn't truly have a handle on the basic accounting concepts. year 11 accounting is essential is succeeding in year 12 accounting! And also having a good understanding of the concepts in year 11 can mean that you can get through the work faster and start practice exams earlier during the year which helps significantly in the SAC's and end of year exam.

Good luck with VCE!
2017: Psychology [34]
2018: Accounting
 [41] English [32] Further [36] Legal [38] Revolutions [24]
2019: Bachelor of Business & Bachelor of Accounting @ Monash University

Shani.Wilson

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Re: VCE Accounting Unit 3/4 without unit 1/2?
« Reply #2 on: November 28, 2018, 08:34:06 pm »
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Whilst I completed both Units 1/2 and 3/4 of VCE Accounting, I did have a close friend that picked up the subject as a 3/4 who definitely struggled during throughout the year. Whilst she was able to articulate the theory and definitions well, her actual understanding of the content, and ability to apply this to theoretical scenarios was something she struggled with immensely. Many of the concepts in Units 3/4 accounting are introduced in Units 1/2, and as Maddy has already stated, having a thorough understanding of these points allows you to start practice exams earlier and provides you with a competitive edge. Definitions of the accounting elements, understanding of financial indicators, FIFO, special journals, internal control, cash vs profit, source documents, reports etc. can all be solidified during Units 1/2, making both the workload and comprehension in Units 3/4 far easier.

That being said, it is not impossible if you are prepared to work hard, and seek advice. Given that there is also a new study design for 2019, there is likely to be a variety of concepts that are new for the entire cohort, not just you. (Disclaimer: I know very little about the new study design, so take this with a grain of salt). I also did two Year 12 subjects in Year 11, and have never regretted my decision to do so. However, given that you are entering Year 11 and have the opportunity to complete Units 1/2, I would definitely recommend this. Most of the concepts in VCE Accounting build upon one another, and forming a foundation of the basic elements and accounting equation during Units 1/2 is beneficial. If you really want to do a second Year 12 during Year 11, I would recommend a theory based subject (eg. Legal Studies, given your 2020 subjects), as this decreases the workload in Year 12, and is something you can really focus your energy into when you have limited Year 12 subjects. Good luck with next year, approach tasks with determination and resilience, and Iím sure youíll get the results you deserve.
2017: | Business Management (49) |

2018: | Mathematical Methods (40) | Specialist Mathematics (37) | English (40) | Accounting (45) | Legal Studies (43) |

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2019: BCom @ University of Melbourne

Maddyv11

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Re: VCE Accounting Unit 3/4 without unit 1/2?
« Reply #3 on: November 28, 2018, 09:42:21 pm »
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I agree with what Shani said also about pocking up a theory based subject in year 12. I picked up legal studies in year 12 and it was really easy to get into and didn't require much work. As you're doping business management in year 11, I think (I haven't done the subject) that busman and legal are quite similar subjects. Picking up legal or even business will be easy to do in year 12 as opposed to year 12 accounting which really needs a solid understanding of the key concepts going into year 12.
2017: Psychology [34]
2018: Accounting
 [41] English [32] Further [36] Legal [38] Revolutions [24]
2019: Bachelor of Business & Bachelor of Accounting @ Monash University