FLINDERS UNIVERSITY
BUSN1002: Financial Accounting Processes
Final Examination Guide and Notes 2025 
 
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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Flinders University - BUSN1002: Financial Accounting Processes

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ACADEMIC YEAR 2024 - 2025

University	Flinders University
Study Level	Undergraduate
Topic Code	BUSN1002
Topic Name	Financial Accounting Processes
Study Material	Final Examination Guide and Notes
Format	PDF
Page Length	38

This guide allows you to understand how the BUSN1002: Financial Accounting Processes, Flinders University - Final Examination 2025 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 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 topic builds on and extends the accounting foundations studied in Accounting Principles. It aims to introduce students to accounting for more complex transactions and forms of business organisations, such as partnerships and companies. It includes accounting for receivables, liabilities, inventories and fixed assets. This will include an overview of the reporting entity concept, objectives of financial reporting and the definitions and recognition criteria of the elements of financial statements.

On completion of this topic you will be expected to be able to:

articulate the theoretical framework upon which australian accounting standards are developed;
prepare accounting entries for liabilities including accounts payable, bills payable and employee entitlements;
prepare accounting queries for partnerships;
account for the acquisition, depreciation, re-valuation and disposal of non-current assets;
prepare accounts using both manual accounting procedures.

TOPIC CODE	TOPIC NAME
BUSN1001	Accounting Principles
BUSN1002	Financial Accounting Processes
BUSN1009	Quantitative Methods
BUSN1012	Management, People and Organisations
BUSN1013	Economics for Business
BUSN1014	Financial Markets
BUSN1015	Foundations of Finance
BUSN1019	Law for Business
BUSN1022	Marketing Principles
BUSN2029	Financial Reporting
BUSN2031	Business Forecasting
BUSN2035	Cost and Management Accounting
BUSN2040	Macroeconomics
BUSN3029	Investments and Portfolio Management
BUSN3031	Derivatives and Risk Management
BUSN3047	Company Accounting
BUSN3049	Corporate Finance
BUSN3054	Taxation Law and Practice
STAT1121	Data Science

Flinders University - BUSN1002: Financial Accounting Processes

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