JAMES COOK UNIVERSITY 
BX2011: Foundation of Accounting Principles 
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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James Cook University - Foundation of Accounting Principles (BX2011)

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ACADEMIC YEAR 2025 - 2026

University	James Cook University
Study Level	Undergraduate
Subject Code	BX2011
Subject Name	Foundation of Accounting Principles
Credit Points	3
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	38

Studying BX2011: Foundation of Accounting Principles at James Cook University? This comprehensive guide keeps your revision focused on the topics most likely to come up in the final exam. It explains what the exam usually tests, what strong answers look like, and how to avoid common mistakes. You’ll get exam-style questions with full solutions, step-by-step workings, and clear explanations so you can see exactly how to set out your method and pick up marks quickly.

This subject provides fundamental knowledge of accounting processes, concepts and principles that underpin financial accounting. Introduction to the Conceptual Framework and accounting standards presents the role of accounting within the Australian external reporting environment. Students will apply theoretical knowledge and judgement to evaluate and assess the impact of financial accounting information in business organisations and society.

✔ Upon completion of this subject, graduates will be able to:

Identify and analyse measurement systems and their relationship with the Conceptual Framework and Accounting standards
Demonstrate the process of double entry recording in an accounting information system from transactions through to the preparation of financial reports for service and retail organisations; sole traders and partnerships
Investigate theoretical, practical and ethical issues underlying the accounting standards with reference to accounting for non-current assets, inventories, receivables, cash and liabilities

Pre-requisite(s): BU1002 or CO1002 or CO1101 or BU1902
Anti-requisite(s): CO1001 CO1003

SUBJECT CODE	SUBJECT NAME
BU1002	Accounting for Decision Making
BU1003	Principles of Economics
BU1007	Principles of Data Analysis for Business
BU1104	Introduction to Management Concepts and Applications
BU1108	Marketing Matters
BU1112	Business Law
BX2011	Foundation of Accounting Principles
BX2012	Cost Management and Control
BX2014	Principles of Finance
BX2021	Managerial Economics
BX2022	Macroeconomic Policy
BX2031	Investment and Portfolio Analysis
BX2032	Financial Institutions and Markets
BX2122	Econometrics and Big Data Analysis
BX3011	Corporate Financial Accounting
BX3031	Multinational Business Finance
BX3112	Taxation Law
SC2202	Quantitative Methods in Science

James Cook University - Foundation of Accounting Principles (BX2011)

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