VCE Accounting

Selected questions/exam content from the VCE Accounting are copyright Victorian Curriculum and Assessment Authority (VCAA), reproduced by permission. VCE® is a registered trademark of the VCAA. The VCAA does not endorse this product and makes no warranties regarding the correctness or accuracy of its content. To the extent permitted by law, the VCAA excludes all liability for any loss or damage suffered or incurred as a result of accessing, using or relying on the content. Past VCE exams and related content can be accessed directly at www.vcaa.vic.edu.au.

Except as permitted under the VCAA’s Copyright and Intellectual Property Policy or as expressly permitted under the Australian Copyright Act 1968 (Cth), end-users are prohibited from reproducing, adapting or communicating the VCAA material incorporated into Studyclix.

The VCE Accounting Course includes the following topics for study:

Accounting Reports | Balancing Accounting Reports: Balance Sheet

Accounting Reports | Balancing Accounting Reports: Cash Flow Statement

Accounting Reports | Balancing Cash and Profit

Accounting Reports | Balancing Closing Entries

Accounting Reports | Balancing Financial Indicators

Accounting Reports | Balancing Non-Financial Information

Accounting Reports | Balancing Profit & Loss Summary

Accounting Reports | Balancing the General Ledger

Accounting Reports | Balancing the Transferral of Drawings

Budgets & Decision-Making | Accounting Reports: Balance Sheet

Budgets & Decision-Making | Accounting Reports: Income Statement

Budgets & Decision-Making | Accounting Reports: The Cash Flow Statement

Budgets & Decision-Making | Variance Reports

Extension of Recording and Reporting | Balance Day Adjustments

Extension of Recording and Reporting | Depreciation and its Implications

Extension of Recording and Reporting | Disposal of Non-Current Assets

Extension of Recording and Reporting | Doubtful & Bad Debts

Extension of Recording and Reporting | Purchase of Non-Current Assets

Extension of Recording and Reporting | The Adjusted Trial Balance

Financial Data | Accounting Assumptions and Qualitative Characteristics

Financial Data | Accounting Elements

Financial Data | Documents Used to Record Transactions

Financial Data | Effects on the Accounting Equation

Financial Data | Ethical Considerations When Trading

Financial Data | Internal Control Procedures

Financial Data | Inventory Cards and Valuation

Financial Data | Recording Transactions in the General Journal

Financial Data | Strategies to Improve Performance

Financial Data | The GST Clearing Account

Financial Data | The Pre-Adjustment Trial Balance

Financial Data | Transactions in the General Ledger

There’s just one section in the VCE Accounting Exam, where students answer all of the questions into an answer book. One of the key tips for success in VCE Accounting to make use of the available practice exam and past papers. Using the helpful resources on Studyclix for VCE Accounting can also help students to to do well in exams. Some of the VCE Accounting resources including videos, solutions, notes and practice material. Using these tools and resources can help replace VCE Accounting tuition and improve your grade for the VCE Accounting final exam.

According to the VCAA, VCE Accounting “focuses on small business. Unit 1 begins with a small service business, allowing students to develop knowledge and skills in accounting without the complexities of accounting for trading businesses or large organisations. Units 2, 3 and 4 then focus on a single activity trading business where students build on and extend their accounting skills. Many students who study VCE Accounting will go on to further studies and careers in business and finance.”

VCE Accounting Study Design:

https://www.vcaa.vic.edu.au/Documents/vce/accounting/2019AccountingSD.pdf