DEAKIN UNIVERSITY
MAA261: Financial Accounting
Final Examination Guide and Notes 2024 
 
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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Deakin University - MAA261: Financial Accounting

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ACADEMIC YEAR 2023 - 2024

University	Deakin University
Study Level	Undergraduate
Unit Code	MAA261
Unit Name	Financial Accounting
Guide Title	Final Examination Guide and Notes
Page Length	38

This guide allows you to understand how the MAA261: Financial Accounting, Deakin University - Final Examination 2024 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 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 builds on introductory accounting knowledge and is designed to give students a detailed understanding of financial reporting concepts. In this unit students will learn how to evaluate and apply key accounting standards in the preparation of financial reports. In particular you will learn the importance of financial information in supporting effective business decisions.

The topics to be covered include:

The Conceptual Framework for Financial Reporting and Standards Setting
Qualitative Characteristics
Accounting Elements
Double Entry and Adjusting Entries
Accounting for Inventory
Accounting for Property, Plant and Equipment
Accounting for Receivables
Accounting for Liabilities
Income; Revenue from contracts with customers
Accounting for Equity
Presentation of Financial Statements
Statement of Cash Flows and Cash Management

UNIT CODE	UNIT NAME
MAA103	Accounting for Decision Making
MAA261	Financial Accounting
MAA262	Management Accounting
MAA363	Corporate Accounting
MAE101	Economic Principles
MAE201	Competition and Industry
MAE203	The Global Economy
MAE256	Analytical Methods in Economics and Finance
MAE306	Applied Econometrics for Economics and Finance
MAF101	Fundamentals of Finance
MAF202	Money and Capital Markets
MAF203	Business Finance
MAF307	Equities and Investment Analysis
MAF308	Derivative and Fixed Income Securities
MIS171	Business Analytics
MLC101	Law for Commerce
MLC301	Principles of Income Tax Law
MMK101	Marketing Fundamentals
MMM132	Management

Deakin University - MAA261: Financial Accounting

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