Year 12 · SACE / Accounting
Assessment and exam practice.
Plan a practice session around the assessment you are preparing for.
Try this with Accounting
- Check the task format, time limit and permitted materials with your school.
- Start with one timed section or task and record where you spent the most time.
- Review errors before attempting another section. Separate missing knowledge from timing problems.
Practice paper focus areas
- Exam 1 — Q1 (25): Balance-day adjustments and classified income statement (retailer); Q2 (25): Statement of cash flows and working capital ratio (sole trader); Q3 (20): Bank reconciliation and two-month cash budget (trades business)
- Exam 2 — Q1 (20): Inventory card (FIFO), ledger and inventory turnover in days; Q2 (20): Bank reconciliation and statement of cash flows; Q3 (30): Balance-day adjustments, depreciation and balance sheet extract
- Exam 3 — Q1 (20): Inventory with specific identification, general journal and lower of cost or NRV; Q2 (20): Monetary unit convention, variance analysis and cash budget; Q3 (30): Bad debts, allowance for doubtful debts and full balance sheet
- Exam 4 — Q1 (25): Depreciation (three methods) and asset suitability; Q2 (25): Debtors control account, ageing analysis and credit policy; Q3 (20): Bank reconciliation and statement of cash flows
- Exam 5 — Q1 (20): Accrued and prepaid expenses and income statement extract; Q2 (20): Cash budget with a three-month credit collection pattern; Q3 (30): Inventory card with stocktake loss and inventory ledger
- Exam 6 — Q1 (25): Statement of cash flows and profit versus cash; Q2 (25): Balance-day adjustments including revenue received in advance; Q3 (20): Debtors schedule, bad debt write-off and debtor turnover
- Exam 7 — Q1 (20): Inventory turnover, storage and security of inventory; Q2 (20): Bank reconciliation with errors in the cash records; Q3 (30): Classified income statement and statement of changes in equity
- Exam 8 — Q1 (25): Units-of-use and diminishing-balance depreciation; Q2 (25): Schedule of collections and cash budget with capital purchase; Q3 (20): Allowance for doubtful debts adjustment and balance sheet
- Exam 9 — Q1 (20): Accounting equation, duality and general journal entries; Q2 (20): Statement of cash flows and quick ratio; Q3 (30): Balance-day adjustments and fully classified balance sheet
- Exam 10 — Q1 (25): Inventory card using specific identification for high-value items; Q2 (25): Debtors ageing, credit control and interest charges; Q3 (20): Bank reconciliation and cash control procedures
- Exam 11 — Q1 (20): Prepaid rent, accrued wages and depreciation adjustments; Q2 (20): Cash budget and why cash and profit differ; Q3 (30): Inventory stocktake discrepancy and inventory control account
- Exam 12 — Q1 (25): Statement of cash flows from comparative balance sheets; Q2 (25): Bank reconciliation with dishonoured cheque and interest; Q3 (20): Bad debts, doubtful debts and income statement extract
- Exam 13 — Q1 (20): Accounting entity and legal entity with ownership structures; Q2 (20): Schedule of collections and quarterly cash budget; Q3 (30): Balance-day adjustments and classified reports for a service entity
- Exam 14 — Q1 (25): Inventory turnover versus benchmark and lower of cost or NRV; Q2 (25): Statement of cash flows with asset sale and loan repayment; Q3 (20): Depreciation suitability and balance sheet extract
- Exam 15 — Q1 (20): Debtors control account and schedule of debtors; Q2 (20): Bank reconciliation and meaning of bank balances; Q3 (30): Balance-day adjustments with materiality and prudence
- Exam 16 — Q1 (25): Classified income statement for a trading entity with returns and discounts; Q2 (25): Cash budget with loan and equipment sale; Q3 (20): Inventory FIFO card and inventory ledger with formal balancing
- Exam 17 — Q1 (20): Diminishing-balance depreciation for part years and disposal; Q2 (20): Statement of cash flows and working capital ratio; Q3 (30): Allowance for doubtful debts, ageing analysis and balance sheet
- Exam 18 — Q1 (25): Balance-day adjustments and income statement extract; Q2 (25): Bank reconciliation and cash-receipt controls; Q3 (20): Schedule of collections and cash budget
- Exam 19 — Q1 (20): Inventory card (FIFO) with stocktake surplus and sales return; Q2 (20): Statement of cash flows and non-cash items; Q3 (30): Depreciation methods and classified balance sheet
- Exam 20 — Q1 (25): Debtor turnover, bad debts and credit control; Q2 (25): Cash budget for a new equipment purchase; Q3 (20): Prepaid and accrued items and fully classified income statement
Resource inventory inspected 4 November 2026. The main ATARMAXXING study platform is separate from tutoring. Topic labels show what was found, not a guarantee of complete curriculum coverage or tutor availability.
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