VCE Accounting (Year 11)

VCE Accounting (Year 11) on VCE Vault: 15 lessons written for Year 11 (VCE, Victorian Certificate of Education), each with worked examples, practice questions and Aari, an AI tutor. The first 4 lessons are free; the whole subject is a one-off A$12.99.

VCE Accounting (Year 11) study notes: 71 pages covering 15 topics (PDF, A$9.99).

Lessons

Unit 1 — Role of Accounting

• The Accounting Equation and Financial Statements (free) — Apply the accounting equation and explain the purpose of financial statements.
• Double-Entry Bookkeeping and the General Journal (free) — Record business transactions using double-entry bookkeeping in the General Journal.
• The General Ledger and Trial Balance (free) — Post journal entries to the General Ledger and prepare a Trial Balance.

Unit 2 — Recording and Reporting

• Recording for a Trading Business — Inventory and Cost of Goods Sold (free) — Account for inventory transactions and calculate cost of goods sold and gross profit.
• Accounts Receivable and Accounts Payable — Record credit transactions and maintain accounts receivable and payable records.
• GST and BAS Reporting — Record GST transactions and prepare a basic Business Activity Statement.
• Accrual Accounting and Adjusting Entries — Apply accrual accounting principles and prepare adjusting entries at period end.
• The Cash Budget — Prepare a cash budget and use it to manage a business's cash position.
• Financial Ratios and Analysis — Calculate and interpret key financial ratios to evaluate business performance.
• Non-Current Assets — Depreciation and Disposal — Account for the acquisition, depreciation, and disposal of non-current assets.
• Payroll Accounting — Record payroll transactions including wages, PAYG withholding, and superannuation.
• Bank Reconciliation — Prepare a bank reconciliation statement to identify and correct discrepancies.
• Budgeting and Cost Control — Prepare and use budgets to plan and control business activities.
• Ethics in Accounting — Explain the ethical responsibilities of accountants and evaluate ethical dilemmas.

Exam Preparation

• Accounting Exam Skills — Apply accounting knowledge accurately and efficiently in exam conditions.