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SACE 1 Year 11

Accounting 1st Edition

$54.00 inc. GST
SKU: 9781925505443

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First Edition
Year 11 Publication
ISBN: 978-1-925505-44-3
  • Anna Fusco 

The Essentials Workbooks are designed to support the teaching of SACE Stage 1 and 2 subjects in South Australia. The SACE 1 Accounting Workbook is designed to meet the new Subject Outline requirements of the SACE Stage 1 Accounting course for 2022.

The new SACE 1 Accounting Workbook includes theoretical concepts and practical activities which align with the revised SACE Stage 1 Subject Outline in 2022.

The Stage 1 workbook provides a solid foundation in preparing students for the Year 12 course.

In addition, this workbook also includes a wide variety of practical exercises to help students consolidate their learning. The focus of this workbook goes beyond teaching accounting skills but also teaches students how to interpret data and prepare accounting advice.

The SACE 1 Accounting Workbook 1st Edition also includes complimentary digital platform access.

Table of Contents


  • Focus Area 1: Understanding Accounting
    1     Understanding Accounting
    1.1  What is Accounting?
    1.2  Stakeholders
    1.3  Ownership Structures and Entities
    1.4  Sources of Finance
  • 2     Accounting Principles and Conventions
    2.1  Accounting Elements
    2.2  Accounting Conventions and Principles
    2.3  Duality Concept and The Accounting Equation
  • Focus Area 2: Understanding Financial Sustainability 
  • 3      Double-entry Accounting
    3.1  Balance Sheet
    3.2  Statement of Changes in Equity
    3.3  Income Statement
    3.4  Statement of Cashflows
    3.5  Sources of Finance
  • 4     Ratios and Decision-making
    4.1  Introduction to Ratios
    4.2 Liquidity Ratios
    4.3 Debt/Equity Ratios
    4.4 Profitability Ratios
    4.5  Chapter Revision
  • 5    Double-entry Accounting
    5.1  General Journal
    5.2  Ledgers
    5.3. Trial Balance
  • Focus Area 3: Perspectives in Accounting
  • 6    Accounting Advice
  • Exam Revision