QCE AccountingPractice Examination 18

This paper covers

• Balance day adjustments (depreciation, prepayments, accruals, doubtful debts) and their effect on classified financial statements
• Direct-method Statement of Cash Flows and cash flow ratio analysis for a public company
• Perpetual inventory, GST, reversing entries and bank reconciliation concepts
• Comparative profitability, liquidity and stability ratio analysis (CY vs PY) for a post-merger Queensland healthcare public company
• Evaluative decision-making: justified judgements about performance and position supported by calculated evidence and horizontal/vertical analysis
• Reconciling why operating cash flow differs from accrual net profit

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.