YEAR 10 ELECTIVE DESCRIPTIONS

Although no prerequisites are required for VCE Humanities or Commerce studies in Year 11, students are encouraged to have completed the relevant electives as preparation in Year 10.

Commerce: Business Management and Accounting (1 unit)

Commerce provides the knowledge, understanding and skills that form the foundation on which young people learn to make sound decisions about financial and business issues. Through this study students will develop business and accounting literacy skills which will enable them to view the world of commerce in an informed way. Current issues and events will be explored, together with real life scenarios. As part of Business Management studies, students will develop critical thinking skills and have the opportunity to explore businesses that promote ethical behaviour and social responsibility. The importance of entrepreneurs in society and the need to innovate is explored, together with business planning and decision-making processes throughout the business life cycle.

This course also aims to familiarise students with basic accounting skills which will ready them for further accounting studies at VCE level or to use in practical real-life situations. Students learn the difference between cash and profit, and how to construct cash flow reports, Income Statements and Balance Sheets.

Or

Commerce: Enhancement Business Management

This subject is designed to give students who wish to accelerate in Business Management Units 3 / 4 a clear pathway in line with other enhanced Year 10 subjects offered by other faculties.

• The subject will run on a semester basis, with a VCE Business Management focus.

• Choosing this subject means students cannot also take 10 Commerce A.

• Students must undertake the enhancement programme to be eligible for Unit 3 / 4 acceleration in the following year.

• The Enhancement programme makes the decision making process on acceleration into Units 3 & 4 much clearer.

• Undertaking the Enhancement Business Management subject does not guarantee entry into acceleratedUnit 3 / 4 Business Management the following year. Acceleration is granted on performance.

The Year 10 Commerce (Enhancement) Business Management will include content from Units 1 & 2 which assists students in their acceleration at Units 3 & 4. Subjects include:

• The internal environment, external environment and macro nvironment

• Global issues such as overseas competitors, overseas markets, offshoring labour, exchange rates, patenting, copyrights, trademarks and online sales

• Types of legal business structures such as sole trader, partnership, private limited company, public listed company and the factors affecting choice of business structure

• Planning tools including SWOT analysis

• Corporate social responsibility considerations

• Accounting for Business