EDITH COWAN UNIVERSITY 
ACC3700: Financial Accounting, Theory and Practice 
Final Examination Guide and Notes 2026 
 
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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[ECU] ACC3700 Financial Accounting, Theory and Practice (Solutions)

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ACADEMIC YEAR 2025 - 2026

University	Edith Cowan University
Study Level	Undergraduate
Unit Code	ACC3700
Unit Name	Financial Accounting, Theory and Practice
Credit Points	15 CPs
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	36

Prepare with confidence for the ACC3700: Financial Accounting, Theory and Practice final examination at Edith Cowan University. This guide explains how the paper is structured and marked, so you know what examiners look for and where marks are gained or lost. You will practise the core question formats with realistic sample papers, complete with fully worked solutions and clear, step-by-step explanations. It also flags common errors and shows you how to avoid them, with targeted hints and revision tips to help you study efficiently and perform under timed conditions.

The unit extends the range of accounting standards considered in ACC2700 (Financial Reporting Standards) and sets the theoretical foundation for the preparation and presentation of corporate financial statements. Students will be able to apply and evaluate selected theories in solving practical problems/current issues/research.

✔ On completion of this unit students should be able to:

Evaluate the setting and influence of accounting standards in Australia.
Assess the concept and application of measurement in the context of contemporary financial reporting.
Evaluate current national and international application of contemporary financial accounting practices including sustainability accounting.
Communicate competently with stakeholders in an accounting context, using appropriate formats and technologies, aligned to the purpose and audience.
Collaborate effectively as a member of a team to solve challenging accounting problems.

✔ Unit Content:

Standard setting.
Theories in accounting.
Sustainability and environmental accounting.
Products of the financial reporting process.
Measurement in accounting.
Accounting for leases.
Accounting for mineral resources.
Accounting for foreign currency transactions and forward exchange contracts.
Financial instruments.
Earnings management.

UNIT CODE	UNIT NAME
ACC2250	Applied Financial Accounting
ACC2350	Cost Accounting
ACC2360	Managerial Accounting
ACC2700	Financial Reporting Standards
ECF1110	Fundamentals of Economics
ECF1120	Principles of Finance
ECF2210	Capital Markets
ECF2222	Corporate Finance
ECF2226	Investment Finance
ECF3312	Financial Institutions Management
LAW1100	Introduction to Business Law
LAW2410	Income Tax Framework II
MAN1100	Management
MAT1114	Introductory Statistics
MAT2110	Applied Statistics
SBL1200	Accounting and Finance Essentials
SBL1400	Introduction to Business Analytics

Updated for 2026

[ECU] ACC3700 Financial Accounting, Theory and Practice (Solutions)

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