How to Use This Pack
Getting the most from your preparation
Recommended Sequence
- Step 1: Read the Year 11 Guide lessons — SAC strategy, study skills, how Year 11 connects to Year 12
- Step 2: Work through both Unit Skills lessons — Unit 1 (service business) and Unit 2 (trading business)
- Step 3: Attempt the Practice Exam on paper — under exam conditions, no notes
- Step 4: Review your answers against the Model Answers (provided at the bottom of the practice exam lesson)
- Step 5: Use the After the Exam lessons to target your revision
For the practice exam: print the questions or copy them to paper. Work in silence, set a timer, and complete every question before checking answers. Self-checking mid-exam removes the learning value.
About VCE Accounting Units 1 and 2
| Unit 1 |
Establishing and Operating a Service Business — accounting equation, source documents, double-entry bookkeeping, journals, ledgers, trial balance, financial statements for a service business |
| Unit 2 |
Accounting for a Trading Business — perpetual inventory, FIFO and Identified Cost, balance-day adjustments, financial statements for a trading business |
| Assessment |
School-Assessed Coursework (SACs) only — no external VCAA exam for Units 1 & 2 |
