Assessment Type 3: Examination (30%)

Students undertake a 130-minute external examination that is divided into two sections:

• Section 1: Application of accounting skills
• Section 2: Accounting for decision-making.

Section 1: Application of accounting skills

Students answer a range of problem-based or scenario-based questions, integrating accounting knowledge, skills, application, analysis, and interpretation involved in accounting practice.

Questions are drawn from the focus areas of understanding accounting concepts and conventions, and managing financial sustainability. The following specific features of the assessment design criteria may be assessed in this section of the examination:

• understanding and exploration — UE1, UE2
• application — Ap1
• analysis and evaluation — AE1.

Section 2: Accounting for decision-making

Students evaluate and respond to a business issue through the analysis of source material. They analyse, evaluate, and synthesise information to provide accounting advice, considering different stakeholder perspectives. Advice may be provided in dotpoint form.

Content is based on the focus area of providing accounting advice. The following specific features of the assessment design criteria for this subject may be assessed in the examination:

• understanding and exploration — UE2
• application — Ap2
• analysis and evaluation — AE2.