ATARMAxxing
QCE AccountingPractice Examination 10
| Reading time | 15 minutes |
| Writing time | 2 hours |
| Total marks | 60 |
| Questions | 13 |
| Structure | Section A — 10 Q, 10 marks · Section B — 3 Q, 50 marks |
This paper covers
- Balance day adjustments — accruals (wages, interest revenue), prepayments (insurance) and unearned revenue (gift vouchers)
- Unearned/prepaid revenue recognition and GST treatment of gift vouchers under Australian conventions
- General journal entries and posting in a perpetual, GST-registered sole-trader environment
- Preparation of fully classified financial statements (Income Statement and Balance Sheet) after BDAs
- Reversing entries for accruals and their purpose
- Profitability, liquidity and stability ratio analysis of a public company with comparative (prior-period) judgements
- Evaluate cognition — justified recommendations linking ratios to business decisions using specific stimulus figures
- Queensland/Australian tourism context (Sunshine Coast operator) integrating financial and non-financial information
Students are permitted to bring into the examination the materials normally allowed for this subject. Answer all questions in the spaces provided.
This is an ATARMAxxing practice paper. It is not an official examination and is not affiliated with, endorsed by, or produced by the VCAA, NESA or the QCAA.
Included in the QCE Accounting Mastery Pack
20 full-length practice exams with worked solutions, 20 revision notes, 64 practice questions and 200 flashcards.
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