AUSTRALIAN CATHOLIC UNIVERSITY 
ACCT207: Financial Accounting
Final Examination Guide and Notes 2023
 
Part 01. About This Guide
Part 02. Sample Final Examination Paper
Part 03. Suggested Solutions to Final Exam Paper
Part 04. Final Examination - Hints and Tips
 
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Australian Catholic University - ACCT207: Financial Accounting

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ACADEMIC YEAR 2022 - 2023

University	Australian Catholic University
Study Level	Undergraduate
Unit Code	ACCT207
Unit Name	Financial Accounting
Notes Title	Final Examination Guide and Notes
Page Length	38

This guide allows you to understand how the ACCT207: Financial Accounting, Australian Catholic University - Final Examination 2023 will be assessed, structured and the likely style and range of questions that would be asked. This self-study set has been thoroughly updated to cover all the examinable topics contained in the latest edition of the final exam. It contains sample exam questions complete with a detailed answer guide to help you with question style and identify priority topics to review as you prepare for the exam. It also offers vital information on exam format, what will be on the exam and key concepts you should be focusing your studies on. Students applaud the invaluable tips for how to read the questions, overcome test anxiety, and avoid common pitfalls, all of which help foster exam confidence.

This unit explores General Purpose Financial Reporting within the Australian Conceptual Framework (Statements of Accounting Concepts). The topics to be covered include:

The conceptual framework and regulatory frameworks of accounting including the Corporations Act of Australia
The role of accounting in ensuring compliance and promoting stewardship and sustainability including the Integrated reporting and SDG's
Assets including inventories, property plant and equipment and intangible assets, amortisation, depreciation, revaluation & impairment and their associated accounting standards
Liabilities, provisions and contingent liabilities and their associated accounting standards
Revenue recognition issues
General purpose financial statements and cash flow statements in accordance with AASB101/IAS1 Presentation of Financial Statements and AASB107/IAS7 Statement of Cash Flows, IFRS and other relevant national standards
Accounting for partnerships and basic companies
Accounting for employee benefits
Accounting for financial instruments and share-based payments
Digital technologies as accounting tools for decision-making

UNIT CODE	UNIT NAME
ACCT100	Introduction to Accounting
ACCT204	Management Accounting
ACCT207	Financial Accounting
ACCT209	Corporate Accounting
BAFN200	Principles of Finance
BAFN204	Portfolio Management: Investing Wisely
BAFN205	Financial Instruments and Markets
BAFN306	Entrepreneurial Finance
BAFN307	Financial Risk Management
BUSN113	Managing People and Organisations
ECON102	Microeconomics 1
ECON103	Macroeconomics 1
ECON200	Economics Policy: Frameworks and Markets
ECON202	Microeconomics 2
ECON304	Applied Econometrics
LEGL101	Business Law: Legal Frameworks for Businesses
LEGL300	Taxation Law
STAT207	Business Data Analysis

Australian Catholic University - ACCT207: Financial Accounting

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