MURDOCH UNIVERSITY 
BUS163: Introduction to Accounting 
Final Examination Guide and Notes 2025 
 
- 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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BUS163: Introduction to Accounting (Solutions) - at Murdoch University

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ACADEMIC YEAR 2024 - 2025

University	Murdoch University
Study Level	Undergraduate
Unit Code	BUS163
Unit Name	Introduction to Accounting
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	79

The BUS163: Introduction to Accounting, Murdoch University - Final Examination Guide and Notes 2025 provides you with a unique summarised version of the core information contained in the full unit, 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 exams. 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 exam!

This unit, Introduction to Accounting (BUS163) covers the practical application of managerial and financial accounting concepts in the business world. Students will learn and use fundamental accounting principles relevant to issues affecting business organisations. Specifically, students will learn to prepare basic financial statements and analyse financial aspects of organisations to assist management and users of business reports in making informed decisions. This unit covers a range of topics, including - Business planning, Cost volume profit analysis, Budgeting, Financial statement preparation and analysis. Students will also learn about the different types of financial statements, including income statements, balance sheets, and cash flow statements.

✔ Upon finishing the unit, you should be able to:

Understanding the accounting environment and the role of accounting information:
- Importance in management planning & decision-making.
Critical awareness of professional ethics for accountants
Application of accounting concepts:
- Analysis and recording of business transactions
- Management and reporting of working capital.
Preparation of financial statements:
- Understanding the relationship between main financial statements.
- Tools for analysis and interpretation.
- Issues facing financial statement readers.
Identification and application of relevant costs and revenues in decision-making:
- Accounting's role in sustainable business.

UNIT CODE	UNIT NAME
BSL201	Finance Law
BUS123	Management in a Global Environment
BUS124	Global Marketing
BUS140	Introduction to Finance
BUS163	Introduction to Accounting
BUS171	Foundations of Economics
BUS285	Technology and Accounting Processes
BUS286	Corporate Finance
BUS287	Management Accounting
BUS288	Treasury Management
BUS303	Taxation
BUS329	Investment Analysis
BUS330	International Finance
BUS333	Derivative Securities
BUS356	Contemporary Financial Accounting
MAS223	Applied Statistics
MAS352	Time Series Analysis

BUS163: Introduction to Accounting (Solutions) - at Murdoch University

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