THE UNIVERSITY OF NEWCASTLE, AUSTRALIA 
ACFI2011 - Financial Accounting for Reporting Entities 
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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University of Newcastle - ACFI2011: Financial Accounting for Reporting Entities

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ACADEMIC YEAR 2024 - 2025

University	University of Newcastle
Study Level	Undergraduate
Course Code	ACFI2011
Course Name	Financial Accounting for Reporting Entities
Notes Title	Final Examination Guide and Notes
Page Length	38

This is an excellent exam guide that assists with revision for ACFI2011: Financial Accounting for Reporting Entities at the University of Newcastle - Final Examination 2025. It includes practice questions that resemble those on the exam, complete with detailed answers and explanations. The guide also focuses on core exam questions, featuring clear, simple diagrams that are easy to understand and recall during the final exam. As soon as sample exams become available, you will be exposed to the types of questions you will encounter on the actual exam. This ideal guide will help you master this course; in fact, you'll understand it so well that you will pass the end-of-semester final examination.

Financial Accounting for Reporting Entities develops two main themes for students. Firstly, it introduces various theoretical models of accounting and accounting policy choice and secondly it investigates selected applied issues in financial accounting. Students develop extended accounting knowledge and skills, analysing multiple sources of information to support their accounting outcomes and conclusions.

Main topics to be covered:

Theories of financial accounting including the conceptual framework;
Accounting for assets;
Accounting for liabilities;
Revenue recognition;
Accounting for leases;
Accounting for extractive industries;
Preparation of external financial reports including statement of comprehensive income, statement of changes in equity, statement of financial position, and statement of cash flows; and,
Other disclosure issues.

COURSE CODE	COURSE NAME
ACFI1001	Accounting for Decision Makers
ACFI1002	Accounting Practice
ACFI1003	Introduction to Finance
ACFI2003	Management Accounting
ACFI2012	Accounting for Corporate Entities
ACFI2070	Business Finance
ACFI2080	Corporate Finance
ACFI3004	Taxation
ACFI3018	Portfolio Management
ACFI3130	Derivative Securities
ECON1001	Microeconomics for Business Decisions
ECON1002	Macroeconomics in the Global Economy
ECON1003	Basic Econometrics and Quantitative Modelling
ECON2001	Intermediate Microeconomics
ECON2004	Money and Banking
LEGL1001	Foundations of Law
MKTG1001	Foundations of Marketing
MNGT1001	Introduction to Management
STAT1060	Business Decision Making
STAT1070	Statistics for the Sciences

University of Newcastle - ACFI2011: Financial Accounting for Reporting Entities

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