EDITH COWAN UNIVERSITY 
ACC2250 - Accounting II
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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Edith Cowan University

Edith Cowan University - ACC2250: Accounting II (Solutions)

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ACADEMIC YEAR 2023 - 2024

University	Edith Cowan University
Study Level	Undergraduate
Unit Code	ACC2250
Unit Name	Accounting II
Notes Title	Final Examination Guide and Notes
Page Length	38

This guide allows you to understand how the ACC2250: Accounting II, Edith Cowan 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.

Offered as a 3-credit course, Accounting II (ACC2250) equips students with the technical skills to record and analyse financial transactions, interpret financial data, and generate financial reports for business decision-making. By applying these principles in a simulated environment using contemporary accounting software, students gain practical experience. The course builds upon ACC1100 and upon completion, students will be able to capture transactions in an accounting system, analyse and report on balance sheet components, apply accrual accounting for financial statement preparation, and create basic financial statements.

✔ Key areas of study:

Accounting for receivables
The recording process in an accounting information system
Accounting for retailing and inventories
Accounting information systems
Accounting for liabilities
Accrual accounting concepts
Accounting for companies
Reporting and analysing inventory
Reporting and analysing cash and receivables
The use of financial statements as a tool for decision making
Recording economic transactions in an accounting system
Reporting and analysing non-current assets
Accounting for non-current assets
Reporting and analysing liabilities
Adjusting the financial accounts and preparing financial statements
Reporting and analysing equity
Accounting for partnerships
Statement of cash flows
Cash management, related controls and cash flows
Completing the accounting cycle - closing and reversing entries
Analysis of financial statements

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 - ACC2250: Accounting II (Solutions)

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