THE UNIVERSITY OF NEWCASTLE 
ACCT2001: Accounting Practice and Reporting 
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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University of Newcastle

[Newcastle] ACCT2001: Accounting Practice and Reporting - Solutions

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ACADEMIC YEAR 2025 - 2026

University	University of Newcastle
Study Level	Undergraduate
Course Code	ACCT2001
Course Name	Accounting Practice and Reporting
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	38

This comprehensive guide helps you understand how the final examination for ACCT2001: Accounting Practice and Reporting at the University of Newcastle will be assessed and structured, along with the likely style and range of questions that may be asked. This self-study set has been updated to cover all the topics contained in the latest edition of the exam. You do not need to be an expert in the course, 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.

Accounting Practice and Reporting extends both the knowledge and skills developed in Fundamentals of Accounting (ACCT1001). This course aims to give students an understanding of the fundamental principles underpinning accrual accounting and financial reporting and develops their technical skills of accounting, including the analysis, recording, preparation and interpretation of accounting information. This course also develops professional skills that are necessary for accounting profession.

✔ Topics include:

The role of accounting in decision making
Recording business transactions
Measuring profit and the adjustment process
Completing the accounting cycle
Retailing operations
Inventory costing methods
Internal control and cash
Financial statement analysis
Cash flow statement
Partnerships

TOVO.

[Newcastle] ACCT2001: Accounting Practice and Reporting - Solutions

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