WACE Accounting and Finance
Subscribing to ReviseOnline WACE Accounting & Finance course (Units 1&2 and Units 3&4) gives you access to an extensive range of revision material, which can deliver a significant boost to your ATAR score. WACE Accounting & Finance is designed to give the student a better understanding that financial literacy and the decisions made have far reaching consequences for individuals and business. Both courses (Units 1-4) cover financial concepts, decisions, systems and analysis, with differing levels of complexity and emphasis, from cashflow to governmental fiscal policies.
Using only WA Curriculum specific assessment material, students use ReviseOnline to develop skills to more effectively articulate responses and manage time pressure, leading to less stress and higher scores.
Users of ReviseOnline Accounting and Finance will receive:
|
Course |
Topic tests |
Exam builders |
Full exams |
|
Year 11 (Unit 1&2) |
15 |
2 |
3 |
|
Year 12 (Unit 3&4) |
18 |
2 |
3 |
Structure of assessments
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Topic tests - 10 Multiple Choice (10 marks), 2 Short Answers (50 marks). Suggested time 55 min each
-
Exam builders - 15 Multiple Choice (15 marks), 3 Short Answers (80 marks), 1 Extended Answer (30 marks). Suggested time 2hr each
-
Full exams - 15 Multiple Choice (15 marks), 5 Short Answers (142 marks), 2 Extended Answer (60 marks). Suggested time 3hr each
Marking keys
Each test or exam also comes complete with sample answers and WACE style marking keys. Multiple choice is automatically marked for you.
Topic areas covered:
|
Year 11 (Unit 1&2) |
Year 12 (Unit 3&4) |
|
Balance day adjustments, depreciation and sale of assets |
Analysing corporate financial statements |
|
Classified financial statements, ratio analysis, electronic processing & professional associations |
Capital Investment Techniques, Business Planning and Master Budget |
|
General journal & ledger, trial balance & perpetual inventory system |
Company Formation, Profit Determination and General Purpose Financial Statements |
|
Introduction to business, financial institutions, GST & fundamental principles |
Cost accounting |
|
Profit determination, internal control, social and economic responsibility |
Cost Volume Profit Analysis |
|
|
General Purpose Financial Statements – Statement of Cash Flows |
|
|
Introduction to financial management |
|
|
Operating and financial budgets |
|
|
The Conceptual Framework, Business regulation, Corporations and Social Disclosure |