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VCE · VCE Units 3 & 4 · official past papers

VCE Accounting past exams 2018–2025, by year and topic

The official VCAA exams, marking guides and examiner reports we index, organised by topic and subtopic and labelled with the study design it was written under. Open the official paper, work the question in your own workspace, or bring a tutor into it live.

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ATARMAxxing indexes 8 official VCAA Accounting papers from 2018 to 2025, with 51 questions mapped to 5 areas of study. Every paper opens on the VCAA website.

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Study Design 2019–2024 (previous) · 2019–2024Study Design 2025–2029 (current) · 2025–2029Previous study design (pre-2019) · 2002–2018

VCE Accounting exams by year: official papers & marking guidance

Past exams indexed: 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018. Open the official VCAA papers, with marking guidance where available.

YearStudy designOfficial paper(s)Marking guidance
2025 VCE Accounting examStudy Design 2025–2029 (current)Written examination ↗Marking guidance ↗
2024 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2023 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2022 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2021 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2020 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2019 VCE Accounting examStudy Design 2019–2024 (previous)Written examination ↗Marking guidance ↗
2018 VCE Accounting examPrevious study design (pre-2019)Written examination ↗Marking guidance ↗

8 official papers across 8 years (2018–2025), 8 with marking guidance, published by VCAA. These span more than one study design; the most recent is Study Design 2025–2029 (current). Earlier papers may cover material that has since changed.

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Unit 3 AoS 1 — Recording and analysing financial data · 18 mapped questions

Accounting assumptions and qualitative characteristics

Source documents and the General Journal/General Ledger

Product cost, period cost and lower of cost and net realisable value (NRV)

Internal control procedures for inventory, receivables and payables

Financial indicators: inventory turnover, accounts payable turnover, accounts receivable turnover

Strategies to improve management of inventory, receivables and payables; ethical considerations

Double-entry recording (cash, credit, returns, corrections)

Inventory cards — FIFO and Identified Cost

Also in this areas of study: Accounting elements and the accounting equation · GST Clearing account and double-entry recording (cash, credit, returns, corrections) · Inventory cards — FIFO and Identified Cost (purchases, sales, returns, drawings, advertising use, loss/gain, write-down) · Allowance for doubtful debts (Income Statement approach) and writing off bad debts — question-level mapping in progress; the year table above links every official paper.

Unit 3 AoS 2 — Preparing and interpreting accounting reports · 6 mapped questions

Classified Income Statement, Balance Sheet and Cash Flow Statement

Effects of transactions on accounting reports

Distinction between cash and profit

Financial and non-financial indicators to measure performance

Graphical representations and strategies to improve business performance

Also in this areas of study: Balancing General Ledger accounts and closing entries · Profit and Loss Summary account and transfer to Capital · Ethical considerations in recording and reporting — question-level mapping in progress; the year table above links every official paper.

Unit 4 AoS 1 — Extension of recording and reporting · 12 mapped questions

Disposal of non-current depreciable assets (including GST treatment on trade-ins)

Balance day adjustments: prepaid expenses, accrued expenses, unearned revenue, accrued revenue

Classified accounting reports incorporating balance day adjustments

Depreciation methods: straight-line and reducing balance

Also in this areas of study: Purchase of non-current depreciable assets (cash and loan-financed) · Depreciation methods: straight-line and reducing balance, and their implications for reports · Adjusted Trial Balance · Cash vs profit distinction; ethical considerations in reporting — question-level mapping in progress; the year table above links every official paper.

Unit 4 AoS 2 — Budgeting and decision-making · 11 mapped questions

Budgeted Cash Flow Statement, Budgeted Income Statement, Budgeted Balance Sheet

Analysis of historical vs budgeted reports and limitations of analysis

Strategies to improve business performance

Ethical considerations in business decision-making

Also in this areas of study: Variance reports and trend analysis for Cash Flow Statements and Income Statements — question-level mapping in progress; the year table above links every official paper.

Characteristics of the study (cross-unit, examinable) · 4 mapped questions

Qualitative characteristics (relevance, faithful representation, comparability, verifiability, timeliness, understandability)

Financial indicators used to measure profitability, efficiency, liquidity, stability

Accounting elements (assets, liabilities, owner's equity, revenues, expenses)

Also in this areas of study: Accounting assumptions (entity, accrual basis, going concern, period) · Accounting elements (assets, liabilities, owner's equity, revenues, expenses) and current/non-current classification — question-level mapping in progress; the year table above links every official paper.

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