In Area of Study 2 of VCE Accounting Unit 1, students must be able to prepare a Statement of Receipts and Payments and an Income Statement. This article comprises a range of activities that will help students to differentiate between items that appear in these reports.

The following VCE Accounting Unit 1 practice exam consists of eight questions, with a total mark allocation of 90 marks. An answer book and suggested solutions follow the question book.

The following suggested week-by-week VCE Accounting Unit 2 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 2 and suggestions for assessment.

The following VCE Accounting Unit 3 practice exam consists of eight questions. The total mark allocation for the exam is 100. An answer book and suggested solutions follow the question book.

The following suggested week-by-week VCE Accounting Unit 4 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 4 and suggestions for assessment.

The practice examination covers Areas of Study 1 and 2 in VCE Business Management Unit 1 and has a mark allocation of 90 marks. Provision is made for teachers to add a section based on the optional area covered from Area of Study 3 (‘Day-to-day operations’).

The following suggested week-by-week VCE Business Management Unit 2 course outline/timeline for 2013 provides time allocations for the areas of study in Unit 2 based on those outlined in the VCE Business Management Study Design.

This assessment task has been designed as a closed-book task to be completed in a double lesson and has a mark allocation of 40 marks. The task requires students to: describe the key elements of an operations system; examine the importance and impact of productivity on an operations system; explain and analyse strategies to optimise operations; and describe issues related to the management of ethical and socially responsible operations.

In school-based coursework students are assessed on their understanding of the key knowledge and key skills related to a specific outcome in either Unit 3 or 4. In the end-of-year examination all outcomes of Units 3 and 4 of VCE Business Management are examined and all of the key knowledge and key skills underpinning the outcomes in this pair of units are examinable.

The following suggested week-by-week VCE Business Management Unit 4 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 4 based on those outlined in the VCE Business Management Study Design.

The following VCE Economics Unit 1 practice exam consists of 20 multiple-choice questions (Section A) and four written-response questions in both Sections B and C.

The documentary series Masters of Money (aired on SBS One in February 2013) is rich in information about three famous 20th century economists who have influenced how we think about economics. This three-part series provides useful links to many aspects of VCE Economics—from basic concepts to sophisticated analyses of the role of governments in stabilising the level of economic activity.

The following suggested week-by-week VCE Economics Unit 2 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 2 and suggestions for classwork and assessment.

The following suggested week-by-week VCE Economics Unit 4 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 4 and recommendations for assessment.

This update contains information relevant to VCE Legal Studies Units 1–4. The material was current at the time of preparation but may have changed by the date of publication.

The following VCE Legal Studies Unit 1 practice exam consists of a series of definition and structured questions, including short-answer and extended-response questions. Additional space is provided at the end of the question-and-answer book.

The following suggested week-by-week VCE Legal Studies Unit 2 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 2. This timeline is intended as a guide for developing courses for the reaccredited VCE Legal Studies Study Design (2011–2015).

In Area of Study 3 of VCE Legal Studies Unit 3, students are required to examine the role and operation of courts in law-making. This includes an investigation of the operation of the doctrine of precedent and an evaluation of the effectiveness of the courts as law-making bodies.

The following suggested week-by-week VCE Legal Studies Unit 4 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 4 and suggestions for assessment. This timeline is intended as a guide for developing a course of study based on the VCE Legal Studies Study Design (2011–2015).

The following suggested week-by-week VCE Industry and Enterprise Unit 4 course outline/timeline for 2013 provides recommended time allocations for the areas of study in Unit 4 and recommendations for assessment as well as a resources list. This timeline is based on the VCE Industry and Enterprise Study Design (2012–2016).

In this unit of work students will examine how Victoria’s adult parole system operates and research recent changes in the law that aim to tighten the system. They will consider a range of views about the reforms, including those of the families of victims of parolees and groups that provide support services to parolees, and form their own opinion about the need for change. They will also investigate the process of how a law is made.

This unit of work looks at the financial future of young people and the hurdles they face in light of current economic conditions, the need to complete tertiary qualifications and the costs associated with higher education, the high cost of living, and the tendency to live at home longer. The activities in this unit focus on the need for young people to make financial plans for later life.