Login

VCE Accounting: Exam Prep & Study Guide

Course Summary

This comprehensive study guide is designed to give you the opportunity to review information about the accounting cycle and basic accounting principles and practices. This course is a great tool you can reference if you scheduled to take the Victorian Certificate of Education (VCE) Accounting exam.
Create An Account
To Start This Course Today
Used by over 10 million students worldwide
Create An Account
Try it free for 5 days

14 chapters in VCE Accounting: Exam Prep & Study Guide

Ch 1. Establishing a Small Business {{cp.topicAssetIdToProgress[327417].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Reasons for Creating a Small Business & Alternative Options Score: {{cp.lessonAssetIdToProgress[327419].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327419].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Steps & Aspects for Starting a New Business Score: {{cp.lessonAssetIdToProgress[48946].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[48946].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Sole Trader & Partnership Business Structures in Australia Score: {{cp.lessonAssetIdToProgress[304697].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[304697].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Companies Limited by Shares Score: {{cp.lessonAssetIdToProgress[304699].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[304699].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Companies Not Limited by Shares Score: {{cp.lessonAssetIdToProgress[304701].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[304701].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Role of Cooperatives in Business Score: {{cp.lessonAssetIdToProgress[12718].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12718].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Franchises: Opportunities and Challenges Score: {{cp.lessonAssetIdToProgress[12717].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12717].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Purchasing an Existing Business: Considerations, Pros & Cons Score: {{cp.lessonAssetIdToProgress[327421].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327421].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Small Business in a Global Market Score: {{cp.lessonAssetIdToProgress[12723].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12723].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Factors of Success or Failure of a Small Business Score: {{cp.lessonAssetIdToProgress[327423].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327423].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - How Different Professionals Contribute to Business Success Score: {{cp.lessonAssetIdToProgress[327425].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327425].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Resources Required to Establish a Small Business Score: {{cp.lessonAssetIdToProgress[327427].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327427].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Start-Up Budget: Definition & Example Score: {{cp.lessonAssetIdToProgress[17195].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17195].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Funding Opportunities for Entrepreneurs Score: {{cp.lessonAssetIdToProgress[62050].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[62050].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Bootstrapping: Definition, Method, Techniques & Example Score: {{cp.lessonAssetIdToProgress[28119].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[28119].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Asset-Based Lending: Definition & Uses Score: {{cp.lessonAssetIdToProgress[250451].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250451].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Angel Investing: Definition, Benefits & Risks Score: {{cp.lessonAssetIdToProgress[250453].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[250453].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Sources of Short-Term Financing Score: {{cp.lessonAssetIdToProgress[13874].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13874].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Sources of Long-Term Financing Score: {{cp.lessonAssetIdToProgress[13875].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13875].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - The Financial Planning Process Score: {{cp.lessonAssetIdToProgress[13871].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13871].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Financial Institutions in Australia Score: {{cp.lessonAssetIdToProgress[304773].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[304773].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What Is Business Analysis? - Process, Methods & Example Score: {{cp.lessonAssetIdToProgress[9599].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9599].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What Is Financial Data? - Definition & Concept Score: {{cp.lessonAssetIdToProgress[7516].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7516].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Defining and Applying Financial Ratio Analysis Score: {{cp.lessonAssetIdToProgress[54022].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54022].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Measuring Supply Chain Performance: Key Performance Indicators Score: {{cp.lessonAssetIdToProgress[40372].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40372].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Five Principles of Total Quality Management (TQM) Score: {{cp.lessonAssetIdToProgress[2156].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2156].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - What Is Quality Management System? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[8513].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[8513].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What are Performance Goals? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[10780].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10780].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Business Strategies: Market Advantages Provided by Information Systems Score: {{cp.lessonAssetIdToProgress[1726].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1726].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Interpreting Graphical Representations Score: {{cp.lessonAssetIdToProgress[29550].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29550].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Visual Representations of a Data Set: Shape, Symmetry & Skewness Score: {{cp.lessonAssetIdToProgress[16175].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16175].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Understanding Bar Graphs and Pie Charts Score: {{cp.lessonAssetIdToProgress[2386].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2386].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Pricing Strategy Methods: Types & Examples Score: {{cp.lessonAssetIdToProgress[327453].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327453].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Pricing Objectives: How Firms Decide on a Pricing Strategy Score: {{cp.lessonAssetIdToProgress[1584].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1584].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Price Selection: How Businesses Select the Correct Price for Products Score: {{cp.lessonAssetIdToProgress[1588].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1588].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Pricing Decisions: Profit-Oriented, Sales & Status Quo Score: {{cp.lessonAssetIdToProgress[1583].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1583].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - How to Calculate the Break Even Point - Definition & Formula Score: {{cp.lessonAssetIdToProgress[15788].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15788].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Cost-Volume-Profit Analysis & Income Statements Score: {{cp.lessonAssetIdToProgress[80545].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80545].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What Are Financial Statements? - Definition, Purpose & Importance Score: {{cp.lessonAssetIdToProgress[9170].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9170].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Purpose of Notes on Financial Statements Score: {{cp.lessonAssetIdToProgress[9174].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9174].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Balance Sheet: Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9171].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9171].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Is an Income Statement? - Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9172].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9172].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Statement of Cash Flows: Purpose, Format & Examples Score: {{cp.lessonAssetIdToProgress[9173].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9173].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Statement of Changes in Equity: Purpose & Examples Score: {{cp.lessonAssetIdToProgress[242893].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[242893].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What Is Accounting? - Purpose, Importance & Relationship to Business Score: {{cp.lessonAssetIdToProgress[9165].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9165].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Accounting vs Bookkeeping: Differences and Similarities Score: {{cp.lessonAssetIdToProgress[14300].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14300].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Accounting Disciplines: Descriptions and Definitions Score: {{cp.lessonAssetIdToProgress[14298].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14298].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Basic Accounting Terms & Phrases Score: {{cp.lessonAssetIdToProgress[58540].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58540].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Fundamental Principles of Accounting Score: {{cp.lessonAssetIdToProgress[9177].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9177].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - What Is GAAP? - The Generally Accepted Accounting Principles Score: {{cp.lessonAssetIdToProgress[9167].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9167].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Accounting Cycle: Definition, Steps & Examples Score: {{cp.lessonAssetIdToProgress[14299].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14299].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Business Transaction: Definition, Types & Analysis Score: {{cp.lessonAssetIdToProgress[16043].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16043].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Operating Expenses: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[15992].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15992].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Difference Between Cash & Profit Score: {{cp.lessonAssetIdToProgress[318563].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[318563].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - The Accounting Equation: Definition & Components Score: {{cp.lessonAssetIdToProgress[10851].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10851].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Source Documents in Accounting: Definition and Purpose Score: {{cp.lessonAssetIdToProgress[10852].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10852].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Using the Accounting Equation: Adding Revenues, Expenses & Dividends Score: {{cp.lessonAssetIdToProgress[10853].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10853].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What Are Accounts? - Definition and Use to Categorize Transactions Score: {{cp.lessonAssetIdToProgress[10854].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10854].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Ledgers and Chart of Accounts: Definitions and Use Score: {{cp.lessonAssetIdToProgress[10855].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10855].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Understanding Debits and Credits in Accounting Score: {{cp.lessonAssetIdToProgress[10856].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10856].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Recording Business Transactions in Accounting Score: {{cp.lessonAssetIdToProgress[10857].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10857].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Using the Accounting Equation: Analyzing Business Transactions Score: {{cp.lessonAssetIdToProgress[10858].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10858].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Computing and Interpreting Return on Assets Score: {{cp.lessonAssetIdToProgress[10859].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10859].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Journal Entries and Trial Balance in Accounting Score: {{cp.lessonAssetIdToProgress[10860].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10860].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Financial Statement Ratios: Determining Company Performance Score: {{cp.lessonAssetIdToProgress[10861].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10861].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Internal Controls in Accounting: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[15040].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15040].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Financial Controls in Organizations Score: {{cp.lessonAssetIdToProgress[2132].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2132].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Control of Cash: Definition & Methods Score: {{cp.lessonAssetIdToProgress[15042].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15042].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Control of Cash Receipts & Disbursements Score: {{cp.lessonAssetIdToProgress[15043].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15043].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What is Bank Reconciliation? - Definition, Purpose, Process & Examples Score: {{cp.lessonAssetIdToProgress[15045].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15045].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Typical Problems with Financial Information Score: {{cp.lessonAssetIdToProgress[15039].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15039].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Limitations of Internal Control in Financial Reporting Score: {{cp.lessonAssetIdToProgress[15047].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15047].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Technology's Impact on the Internal Control System Score: {{cp.lessonAssetIdToProgress[15046].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15046].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Cash Payments Journal: Definition & Example Score: {{cp.lessonAssetIdToProgress[16045].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16045].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Cash Receipts Journal: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15956].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15956].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Purchases Journal: Definition & Example Score: {{cp.lessonAssetIdToProgress[15960].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15960].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Sales Journal in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[327473].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327473].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - What Is a General Journal in Accounting? - Definition, Format & Examples Score: {{cp.lessonAssetIdToProgress[16020].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16020].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Contra Account: Definition & Examples Score: {{cp.lessonAssetIdToProgress[16011].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16011].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Uncollectable Accounts, the Allowance Method & Bad Debt Score: {{cp.lessonAssetIdToProgress[31572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[31572].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Using a General Journal to Record Infrequent Transactions Score: {{cp.lessonAssetIdToProgress[327475].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327475].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Non-Current Assets: Definition & Examples Score: {{cp.lessonAssetIdToProgress[7464].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7464].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - What Is a General Ledger? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[15982].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15982].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Control Accounts: Definition & Uses Score: {{cp.lessonAssetIdToProgress[327477].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327477].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Closing Entries: Process, Major Steps, Purpose & Objectives Score: {{cp.lessonAssetIdToProgress[13693].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13693].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Adjusted Trial Balance: Definition, Preparation & Example Score: {{cp.lessonAssetIdToProgress[13690].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13690].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Using Accrual Accounting to Make Financial Statements More Useful Score: {{cp.lessonAssetIdToProgress[13686].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13686].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Differences Between Accrual & Cash-Basis Accounting Score: {{cp.lessonAssetIdToProgress[13687].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13687].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Accrued Expenses & Revenues: Definition & Examples Score: {{cp.lessonAssetIdToProgress[13689].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13689].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Accounting Liability Approach of Recording Prepaid Revenue Score: {{cp.lessonAssetIdToProgress[327483].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327483].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Methods of Depreciation Score: {{cp.lessonAssetIdToProgress[29924].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29924].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Accelerated Depreciation Methods Score: {{cp.lessonAssetIdToProgress[29927].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29927].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Reporting Depreciation on the Balance Sheet Score: {{cp.lessonAssetIdToProgress[29926].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29926].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - How to Account for Asset Disposal Score: {{cp.lessonAssetIdToProgress[54000].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54000].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Disposal of Non-Current Depreciable Assets in Accounting Score: {{cp.lessonAssetIdToProgress[327487].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[327487].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Period Costs in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15954].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15954].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Product Costs in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[80503].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80503].bestScoreQuestions}}  Take Quiz Optional

Earning College Credit

Did you know… We have over 95 college courses that prepare you to earn credit by exam that is accepted by over 2,000 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support