- Course type: Self-paced
- Available Lessons: 126
- Average Lesson Length: 8 min
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Watch a preview:chapter 1 / lesson 1Reasons for Creating a Small Business & Alternative Options
Course SummaryThis 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.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
About This Course
From common accounting tools and systems to accounting business applications, this course covers basic and more advanced details you would expect to be tested on when sitting for the VCE Accounting exam. Lessons cover such topics as financial statement preparation and analysis, accounting terminology, accounting documentation, internal controls, journals and ledgers, accounting computer systems and accrual-based systems. Business-related topics addressed in this course include establishing and funding a small business, budgeting, accounting for service- and trade-based businesses, and business analysis methods.
About the Exam
The VCE Accounting exam, like all VCE exams, is for 11th and 12th grade students attending a secondary school in Australia. The paper-based VCE Accounting exam consists of 11 short- and extended-answer questions worth between 5 and 19 marks each for a total of 100 marks. Students are allotted two hours and 15 minutes to complete this exam; 15 minutes are given to reading time and the remaining time for completing the exam. The maximum score for VCE exams is 50. A score of 23-37 places a student in the middle range and a score of 38 or over places them in the top 15%.
VCE Accounting Exam Preparation & Registration
Using this course provides a quick and convenient way you can review information you would need to know when taking the VCE Accounting exam. Lessons identify and explain specifics about cash flow, income and financial statements; accounting terms, disciplines and transaction details; accounting equations and recording tools; financial controls; double-entry accounting practices; and accounting methods used for depreciation, product costs, stock management and period costs. Other lessons cover details about small business development, budgeting and financial planning for small businesses, business market strategies and pricing decision-making strategies. Lessons are presented in video and text formats by expert instructors who make the material simple and engaging. Access these lessons at any time, on any device, and take brief self-assessment quizzes to help determine your readiness in taking the VCE Accounting exam.
Since VCE exams are automatically given as an assessment exam to 11th and 12th grade students in Australia, there is no formal registration process. Students take exams on a given date each year that is determined by the Victorian Curriculum and Assessment Authority.
The VCE Accounting exam is administered by the Victorian Curriculum and Assessment Authority (VCAA), which is not affiliated with Study.com.
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