THE CPAP STUDY GUIDE TO VCE ACCOUNTING - 5th edition - about the author, editor, copyright and table of contents

Sep 20, 2026

Study guide front matter for VCE Accounting covering author and editor credentials, acknowledgements, and copyright/disclaimer terms. Provides publication and contact information and outlines the structure of Unit 3: Financial Accounting for a Trading Business. Includes a detailed table of contents listing key topics such as accounting definitions, assumptions and qualitative characteristics, accounting elements, classification of assets and liabilities, and double-entry system exercises. Useful for teachers and students preparing for learning and assessment.

LanguageEnglish

CategoryExam

FormatPDF

Pages51

Reading Time2 h 9 min

AccessFree to download

Unit 3: Financial Accounting for a Trading Business

Area of Study 1: Recording and analysing financial data

What is Accounting?

Accounting assumptions and qualitative characteristics

Documents used by a business to record financial transactions

Accounting elements

Classification of assets and liabilities

General ledger with T-form accounts

General journal and general ledger – establishment of double entry system

Application exercise 1

General journal and general ledger – contribution of non-current assets at fair value

General journal and general ledger – credit purchases of inventory

General journal and general ledger – purchase returns to accounts payable

General journal and general ledger – cash payments

General journal and general ledger – credit sales of inventory

General journal and general ledger – sales returns from accounts receivable

General journal and general ledger – cash receipts

GST clearing account

General journal and general ledger - correction of errors

Purpose and use of the pre-adjustment trial balance

| | THE CPAP STUDY GUIDE TO VCE ACCOUNTING

5th edition
Adrian Peacock
Edited by Greg Gould
ISBN: 978-1-921813-48-1 | | | --- | --- | --- | 2 ABOUT THE AUTHOR Adrian Peacock has a Bachelor of Business (Accountancy) from RMIT, a Diploma of Business (Banking and Finance), a Graduate Diploma of Chartered Accounting and a Dip Ed (ACU). He worked as a Chartered Accountant for a number of years before entering the teaching profession and has become an experienced assessor of end of year examinations, and reviewer/presenter for various organisations . He is prolific writer of assessment material for VCE Accounting teachers and students and has a unique ability to engage students . He currently teaches VCE Accounting at Avila College and also works at Monash University delivering the first year Accounting program and Enhancement program to VCE students . ABOUT THE EDITOR Greg Gould [B . Ed (Business Studies), B. Bus (Accounting)] has been teaching senior Accounting in government and independent schools for more than 30 years. Currently Greg is Head of Commerce at Methodist Ladies' College and a lecturer and tutor at Swinburne University for undergraduate and post graduate Accounting courses. He has developed extensive curriculum resources for teachers and students of Accounting using manual recording and Information and Communications Technology . He is a regular presenter at teacher professional development sessions for the Victorian Commercial Teachers Association (VCTA) and Victorian Curriculum and Assessment Authority (VCAA). He has presented student lectures in Accounting since 1995. He was a member of the VCAA writing panel for the current Accounting study design, and the Advice to teachers . ACKNOWLEDGEMENT The author and publisher would like to thank Greg Gould for his expertise and guidance in editing this 5th edition. COPYRIGHT AND DISCLAIMER Please note that this publication is protected by copyright laws and no part of the publication can be reproduced without the express permission of CPAP. Last updated in 2013. The publication is in no way connected to the VCAA. Readers should be aware that the advice provided throughout the publication is the advice of the authors alone, and not the VCAA. COMMERCE PRESENTATIONS AND PUBLICATIONS 206/1 Queens Rd Melbourne Vic 3001 TEL: (03) 9866 2289 Fax: (03) 9005 2717 Email: cpap@commpap.com ISBN: 978-1-921813-48-1 ABN: 19 619 387 012 The CPAP Study Guide to VCE Accounting, th Edition by Adrian Peacock 3 TABLE OF CONTENTS UNIT 3: FINANCIAL ACCOUNTING FOR A TRADING BUSINESS.............................................................................................................4 Area of Study 1: Recording and analysing financial data......................................................................................................................4 WHAT IS ACCOUNTING? ............................................................................................................................................................................. 6 ACCOUNTING ASSUMPTIONS AND QUALITATIVE CHARACTERISTICS.............................................................................................................. 7 DOCUMENTS USED BY A BUSINESS TO RECORD FINANCIAL TRANSACTIONS .................................................................................................. 8 ACCOUNTING ELEMENTS .......................................................................................................................................................................... 13 CLASSIFICATION OF ASSETS AND LIABILITIES ........................................................................................................................................... 14 GENERAL LEDGER WITH T-FORM ACCOUNTS.............................................................................................................................................. 1

FAQs

Who are the author and editor of this CPAP study guide?

Adrian Peacock is the author, with business and accounting qualifications and teaching experience for VCE Accounting. Greg Gould edited the edition and has over 30 years teaching senior Accounting, plus curriculum development experience.

What does the copyright and disclaimer section say?

The publication is protected by copyright, and no part can be reproduced without express permission from CPAP. The advice in the publication is the authors’ only and is not connected to the VCAA.

What topics are covered under Unit 3 in the table of contents?

Unit 3 focuses on Financial Accounting for a Trading Business, including recording and analysing financial data, accounting fundamentals, accounting elements, asset/liability classification, double-entry accounts, and related application exercises.

Sep 20, 2026

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