VCE Accounting case studies
VCE Accounting · Put your knowledge to work in context.
VCE Accounting is a Victorian Certificate of Education study administered by the Victorian Curriculum and Assessment Authority (VCAA). The current study design is accredited from 2025 and covers Units 1 to 4, with details of areas of study, outcomes and assessment set out in the official VCE Accounting Study Design document. The VCE Accounting case studies are 5 cases and about 1,943 words.
1The Owner's Draw That Wasn't a Draw
Mira runs a small ceramics business as a sole trader. She keeps a separate business bank account but frequently pays personal expenses from it because it is convenient, intending to 'fix it up later'.
449 words, about 2 min2Depreciation Choice Under Pressure
A partnership operates a delivery service with two identical vans bought on the same day for 48,000 each, each with an estimated residual value of 6,000 and a useful life of six years. The partners are applying for a bank loan and the loan officer has asked for the current year's income statement.
412 words, about 2 min3Inventory Cost or Net Realisable Value
A retailer holds three inventory lines at 30 June. Line X cost 8,000 and can be sold for 9,600 after selling costs of 600.
363 words, about 2 min4Cash Flow Versus Profit in a Growing Business
A sole trader's income statement for the year shows profit of 62,000. During the year, accounts receivable rose from 14,000 to 31,000, inventory rose from 22,000 to 38,000, accounts payable rose from 11,000 to 16,000, and the owner withdrew 45,000.
356 words, about 2 min5Budget Variance in a Café
A café prepared a monthly budget: sales of 2,000 coffees at 5.00 each, with milk cost budgeted at 0.50 per coffee, wages budgeted at 6,000 fixed, and rent 2,500. Actual results: 2,400 coffees sold at an average price of 4.80, milk cost 0.60 per coffee, wages 6,300 and rent 2,500.
363 words, about 2 min