Year 12 · WACE / Accounting and Finance
Flashcards and recall.
Make a short deck from material you need to recall without notes.
Try this with Accounting and Finance
- Write one prompt per card. Use definitions, explanations or examples from your current topic.
- Answer aloud before turning the card. Split a card if it asks for several unrelated facts.
- Set aside missed cards and revisit them in a later session.
Recall topics
- Accrual accounting
- Accrued expenses
- Accrued income
- Income in advance
- Prepaid expenses
- Doubtful debts
- Depreciation (straight-line)
- Carrying amount
- Asset revaluation reserve
- General reserve
- Retained earnings
- Bonus share issue
- Interim dividend
- Final dividend
- Share issue costs
- Master budget
- Cash budget
- Debtors' schedule
- Creditors' schedule
- Budgeted income statement
- Performance report
- Fixed cost
- Variable cost
- Mixed cost
- Product cost
- Period cost
- Job order costing
- Predetermined overhead recovery rate
- Normal capacity
- Mark-up
- Standard cost
- Materials price variance
- Materials usage variance
- Labour rate variance
- Labour efficiency variance
- Contribution margin
- Weighted average contribution margin
- Break-even point
- Margin of safety
- Contribution margin ratio
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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