About VCE Accounting Units 1 and 2
Year 11 – The Foundation Year
| Unit 1 |
Establishing and Operating a Service Business – accounting equation, source documents, double-entry journals, ledgers, trial balance, financial statements. |
| Unit 2 |
Accounting for a Trading Business – perpetual inventory, FIFO and Identified Cost, balance-day adjustments, comprehensive financial statements. |
| Assessment |
100% School-Assessed Coursework (SACs). No external VCAA exam for Units 1 & 2. |
| Year 12 link |
Every Unit 3 & 4 exam question builds on Year 11 foundations. Strong Year 11 preparation = significant Year 12 advantage. |
VCE Accounting Units 3 & 4 is assessed entirely through a written external exam – journals, ledgers, financial statements, and concept explanations. Everything you learn in Year 11 is tested again in Year 12 at higher difficulty.