VCE Accounting Practice Platform

VCAA Study Design 2025–2029 | Units 1–4

Unit 4: Recording, Reporting, Budgeting & Decision-Making

How do balance day adjustments and budgeting support decision-making?

25% SAC + 50% Exam 30 Skills • 3 Levels Each

Unit 4 Skill Map

Every skill targets a specific key knowledge point from the VCAA Study Design.

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BDA Balance Day Adjustment

JOURNAL Journal Entry

REPORT Report

VARIANCE Variance Analysis

AoS 1: Extension of Recording and Reporting

18 skills

Balance Day Adjustments

6 skills ▼

Why Balance Day Adjustments?EXPLAIN25700 Prepaid ExpensesBDA25701 Accrued ExpensesBDA25702 Revenue Received in AdvanceBDA25703 Accrued RevenueBDA25704 Complex Balance Day Adjustment ScenariosBDA25716

Depreciation and Disposal

5 skills ▼

Depreciation: Straight-LineBDA25705 Depreciation: Reducing BalanceBDA25706 Depreciation Comparison & SelectionEXPLAIN25707 Disposal: Profit on DisposalJOURNAL25709 Disposal: Loss on DisposalJOURNAL25710

Inventory Balance Day Adjustments & Adjusted Reports

5 skills ▼

Inventory Gain and Loss (Balance Day Adjustment)BDA25708 Adjusted Income StatementREPORT25711 Adjusted Balance SheetREPORT25712 Adjusted Cash Flow StatementREPORT25713 Reporting Indicators After BDAsCALC25714

Ledger with BDAs & Ethics

2 skills ▼

General Ledger with BDAsLEDGER25715 Ethical Considerations: BDAsDISCUSS25717

AoS 2: Budgeting and Decision-Making

12 skills

Budgeted Reports

5 skills ▼

Purpose of BudgetingMCQ25720 Budgeted Cash Flow StatementREPORT25721 Budgeted Income StatementREPORT25722 Budgeted Balance SheetREPORT25723 Cash vs Profit in BudgetsEXPLAIN25724

Variance Analysis

3 skills ▼

Variance Analysis: FavourableVARIANCE25725 Variance Analysis: UnfavourableVARIANCE25726 Variance ReportsREPORT25727

Strategies and Decision-Making

4 skills ▼

Strategies to Improve ProfitabilityDISCUSS25728 Strategies to Improve LiquidityDISCUSS25729 Strategies to Improve Efficiency & StabilityDISCUSS25730 Comprehensive Decision-MakingDISCUSS25731