2013 Unit 3 and 4 Accounting Exam Guide

[Mafioso]

Just a bit extra on bank statements
Sometimes there might an interest earning account in the bank for the business. And they might ask you do an accrued adjustment, then a cash receipt journal for when the interest is received. Just make sure if they don't give you a specific receipt number, write "B/S" in the receipt number column.

Yeah I honestly think the only instance where VCAA will test our knowledge on bank statements is by asking us a journal question that requires us to put B/S instead of the reciept number.

Quit stressing guys!

[sin0001]

Yeah I honestly think the only instance where VCAA will test our knowledge on bank statements is by asking us a journal question that requires us to put B/S instead of the reciept number.

Quit stressing guys!

This

[teexo]

ohh okay :) how about what you predict will be on the exam in general?

[Damoz.G]

ohh okay how about what you predict will be on the exam in general?

* Budgeted Account Reconstructions.
* Disposal of NCA's into the General Journal and General Ledger (with a Profit on the Sale).
* Deposits and the conversion into Sales.
* Recording Stock into Stock Cards using Product and Period Costing. Theory Question on the effect of using the two methods.
* Evaluating Performance.

[abcdqdxD]

Will be interesting to see if they have a long questions that incorporate both unit 3 and unit 4 together

[Damoz.G]

Will be interesting to see if they have a long questions that incorporate both unit 3 and unit 4 together

Yeah true.

Purchase of a NCA and Calculating Accrued Expenses >> Calculate Depreciation and now paid the Accrued Expense, new Accrued Interest Revenue >> Disposal of NCA and record the Accrued Interest Revenue as earned in this RP.

I don't think they will though. It'll probably be a series of 9-11 Questions.

[Colokid]

can someone link me to the accounting sample exam?

[unfamila]

http://www.vcaa.vic.edu.au/Documents/vce/account/accnt-specs-samp-w.pdf

[huss48]

Reminder Exam date: Monday11th November 11.45 am –2.00 pm
Make most of the weekend to prepare for the exam.

Last minute exam technique guide attached.

Additional new 2013 practice exam questions will be given by email only, [email protected] .

GOOD LUCK