Year 12 · WACE / Accounting and Finance
Assessment and exam practice.
Plan a practice session around the assessment you are preparing for.
Try this with Accounting and Finance
- 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 — statement of changes in equity; EPS, P/E, dividend yield; investing cash flows
- Exam 2 — creditors' schedule; multi-product break-even; special order
- Exam 3 — job cost quotation; budgeted income statement; payback and NPV
- Exam 4 — CVP sensitivity; closing a segment; cash budget
- Exam 5 — materials and labour variances; cash budget performance report; competing NPV projects
- Exam 6 — debtors' and creditors' schedules; product-mix break-even; make or buy with capacity
- Exam 7 — batch cost and mark-up; cash vs accrual; NPV with installation cost
- Exam 8 — target profit; special order opportunity cost; cash budget with borrowings
- Exam 9 — standard cost card; cash budget; income-statement performance report
- Exam 10 — weighted average contribution; closing a department; job costing
- Exam 11 — creditors' discount; NPV net of tax; price sensitivity
- Exam 12 — standard costing; budgeted income statement; make or buy
- Exam 13 — break-even units and dollars; special order; cash budget
- Exam 14 — two-project NPV and payback; cash budget performance report; labour variances
- Exam 15 — cash budget; sales-mix change; dropping a product
- Exam 16 — job quotation; cash vs accrual; NPV
- Exam 17 — standard costing; cash budget; special order and make or buy
- Exam 18 — multi-product CVP; NPV; cash budget performance report
- Exam 19 — cash budget; job costing; closing a department
- Exam 20 — budgeted income statement and performance report; CVP; payback and NPV
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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