Lecture Recording and Notes
Unit 3 – Exam Rev Recordings 2020 – Accounting
Our “VCE Exam Revision Lectures” have been designed to ensure that students have covered all examinable concepts and to extend learnings to VCE examination standard while course materials are still fresh in mind.
During the course of this program we’ll work through course materials to an A+ standard, cover a large collection of potential exam questions, learn how exam papers are marked and how answers must be presented if they are to be awarded full scores, and develop the problem solving skills that are needed to secure the higher marks. Detailed and comprehensive A+ course notes will be provided.
Our Unit 3 Accounting Exam Revision lectures will address the following key topics:
The application of Accounting Assumptions and Qualitative Characteristics to recording and reporting financial information. The double entry recording of cash and credit transactions into the General Journal and Ledger accounts, including the GST Clearing ledger. Inventory recording using the FIFO and Identified Cost methods, distinguishing between product and period costs and the application of the Lower of Cost and Net Realisable Value rule. Preparing the Income Statement, Balance Sheet and Statements of Cash Flows. Ethical considerations and financial analysis.