SACE Accounting past exams 2023–2025, by year and topic

The rest of the syllabus

Question-level mapping for these areas is still being verified. Every official paper covering them is in the year table above.

• Understanding accounting concepts and conventions — The fourteen accounting concepts and conventions from the AASB Framework · Accounting entity versus legal entity across ownership structures · The accounting process, accounting equation and double-entry recording (duality) · The four accounting reports and the links between them · Qualitative and quantitative information; faithful representation, relevance, consistency and materiality · Stakeholders' information needs and the accountability, control and decision-making functions of accounting · Digital technologies, regulatory frameworks and emerging trends in accounting
• Managing financial sustainability — Cash receipts and payments and bank reconciliation statements · Perpetual inventory cards and ledgers (FIFO and specific identification), stocktake adjustments and lower of cost or net realisable value · Debtors ledger, control account and schedule of debtors; bad debts, allowance for doubtful debts, ageing analysis and credit control · Depreciation by straight-line, diminishing-balance and units-of-use methods · Balance-day adjustments producing classified final reports for a sole trader · Budgeted final reports, cash budgets and schedules of collections · Breakeven analysis · Ratios for return, liquidity and solvency · Types and sources of finance; internal and external influences on the business
• Providing accounting advice — Analysis and interpretation of classified and budgeted reports, ratios and their limitations · Advice on the suitability of business ownership structures · Advice on sources of finance for short- and long-term success · Forecasts of possible business outcomes with options and recommendations · Social, legal, economic, technological, environmental and ethical considerations