EDITH COWAN UNIVERSITY 
ACC1100 - Accounting I 
Final Examination Guide and Notes 2024 
 
Part 01. Revision Notes 
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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Edith Cowan University

Edith Cowan University - ACC1100: Accounting I (Solutions)

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ACADEMIC YEAR 2023 - 2024

University	Edith Cowan University
Unit Code	ACC1100
Unit Name	Accounting I
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	81

The ACC1100: Accounting I, Edith Cowan University - Final Examination Guide and Notes 2024, provides you with a unique summarised version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in the exam. You do not need to be an expert in the unit, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

Edith Cowan University's Accounting I (ACC1100) introduces students to the world of financial statements. Through a blend of theory and practical application, the unit equips students to understand, prepare, and analyse financial reports like balance sheets, income statements, and cash flow statements. By the end of the course, students will not only grasp the core concepts of financial and managerial accounting but also develop strong problem-solving and critical thinking skills to interpret and assess the financial health of businesses.

✔ Main topics to be covered:

The underlying concepts, principles, and characteristics of financial reporting systems including the context of accounting regulation which covers ethical concepts
The accounting cycle that includes recording of business transactions, and preparing balance day adjustments
The preparation of financial statements
The analysis and interpretation of financial reports using ratio techniques
Accounting for inventory
Accounting for non-current assets including concept and calculation of depreciation
Classification of costs according to cost behaviour and applying it to cost-volume- profit analysis

UNIT CODE	UNIT NAME
ACC1100	Accounting I
ACC2250	Accounting II
ACC2350	Cost Accounting
ACC2700	Financial Reporting Standards
ECF1110	Economics I
ECF1120	Finance I
ECF2210	Capital Markets
ECF2222	Corporate Finance
ECF2226	Investment Finance
ECF3120	Financial Modelling
ECF3312	Financial Institutions Management
LAW1100	Legal Framework I
LAW2410	Income Tax Framework II
MAN1100	Management
MKT1600	Marketing Principles and Practices
MKT2605	Promotional Marketing
SBL1300	Business Environments and Markets
SBL1400	Introduction to Business Analytics

Edith Cowan University - ACC1100: Accounting I (Solutions)

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