QCE Accounting Syllabus Notes

Original QCE Accounting notes for syllabus-aligned revision, worked examples, common mistakes and quick checks.

Unit 3: Managing resources

Nature of cash and cash flow statements
Learn cash, cash flows, operating, investing and financing classifications, cash flow ratios and Statement of Cash Flows interpretation for QCE Accounting.
Bank reconciliation statements
Learn bank reconciliation statements, cash at bank corrections, unpresented cheques, outstanding deposits, bank charges and internal control for QCE Accounting.
Cash budgets and estimated receipts
Learn cash budgets, estimated receipts from accounts receivable, timing assumptions and cash management analysis for QCE Accounting.
GST payable, receivable and spreadsheet analysis
Learn GST cash-flow schedules, GST payable and receivable, spreadsheet input and report areas, formulas and what-if analysis for QCE Accounting.

Depreciation and accumulated depreciation
Learn straight-line and diminishing balance depreciation, accumulated depreciation, part-year calculations, historical cost and reporting for QCE Accounting.
Non-current asset purchases, disposals and registers
Learn non-current asset purchases, capital expenditure, disposals, gains and losses, asset registers and reporting for QCE Accounting.
Resource controls, data security and fraud
Learn resource controls, data as a business asset, cloud storage, outsourcing, cyber security, fraud risk and control evaluation for QCE Accounting.

Fully classified profit or loss and financial position
Learn fully classified Statement of Profit or Loss and Statement of Financial Position layouts, GPFS purpose, classifications and limitations for QCE Accounting.
Bad debts, doubtful debts and inventory adjustments
Learn bad debts, provision for doubtful debts, net realisable value, lower of cost and NRV inventory adjustments and reporting effects for QCE Accounting.
Sole trader performance analysis and qualitative characteristics
Learn profitability and liquidity ratios, vertical, horizontal and ratio analysis, qualitative characteristics and business report comments for QCE Accounting.

Complete accounting process, adjustments and closing
Learn the complete accounting process, balance day adjustments, accrual accounting, closing entries and reversing entries for QCE Accounting.
Journals, ledgers, reconstruction and financial statements
Learn general journal entries, ledger posting, account reconstruction, corrected trial balances and preparing financial statements for QCE Accounting.

Public company performance analysis, ratios and benchmarks
Learn public company profitability, liquidity, stability, cash flow and market ratios, benchmarking and stakeholder analysis for QCE Accounting.
Report writing and performance evaluation
Learn how to write Accounting business report responses using evidence, analysis, evaluation, recommendations, limitations and stakeholder judgement.