The practical workbook, aligned with each exercise question in the textbook, adopts a similar incremental learning approach and provides students with blank ledgers and other accounting tools to use to apply their learning. The workbook gives students a permanent record of their work throughout their studies, a place to revise and reflect on their progress, and also prepares them for the kinds of questions they will encounter in VCE exams.
Unit 3 Financial accounting for a trading business; Chapter 1 The role of accounting; Chapter 2 The accounting equation; Chapter 3 The General Ledger; Chapter 4 Cash transactions: documents, the GST and the General Journal; Chapter 5 Accounts payable: documents, the GST and the General Journal; Chapter 6 Accounts receivable: documents, the GST and the General Journal; Chapter 7 Other transactions: documents, the GST and the General Journal; Chapter 8 Recording and reporting for inventory; Chapter 9 Valuing and managing inventory; Chapter 10 Reporting for profit; Chapter 11 Reporting for cash; Unit 4 Recording, reporting, budgeting and decision-making; Chapter 12 Balance day adjustments: prepaid and accrued expenses; Chapter 13 Accounting for non-current assets 1; Chapter 14 Accounting for non-current assets 2; Chapter 15 Bad and doubtful debts; Chapter 16 Balance day adjustments: revenues; Chapter 17 Budgeting; Chapter 18 Evaluating performance: profitability; Chapter 19 Evaluating liquidity