THE UNIVERSITY OF SOUTH AUSTRALIA 
ACCT 3007 - Financial Accounting 3 
Final Examination Guide and Notes 2024 
 
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 South Australia

University of South Australia - ACCT 3007: Financial Accounting 3 (Solutions)

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ACADEMIC YEAR 2023 - 2024

University	University of South Australia
Study Level	Undergraduate
Area/ Catalogue	ACCT 3007
Course Name	Financial Accounting 3
Notes Title	Final Examination Guide and Notes
Page Length	37

Prepare for the ACCT 3007: Financial Accounting 3, University of South Australia - Final Examination 2024 with the most complete exam guide available for this course, including exam-style questions and advice on common examination pitfalls. You will get with a clear picture of how the final exam will be assessed, and how it is structured, as well as the likely style and range of questions that you could see in the real exam. This self-study set has been thoroughly updated to cover all the topics in the latest edition of the final exam.

This course, Financial Accounting 3 (ACCT 3007) - aims to extend students’ understanding of corporate accounting and reporting requirements and related issues.

Main topics to be covered:

Accounting for non-current assets
- Principles and methods for recording and reporting non-current assets
Alternative business structures:
- Introduction to consolidated entities
Consolidations:
- Understanding the economic entity concept
- Preparation of consolidated financial statements
  - Including goodwill/discount on acquisition
  - Elimination of inter-entity transactions and balances
Non-controlling interests and equity accounting
- Treatment of interests in subsidiaries not wholly owned
Foreign currency transactions and translations
- Accounting for transactions and financial statements denominated in foreign currencies

AREA / CATALOGUE	COURSE NAME
ACCT 1006	Financial Accounting 1
ACCT 1008	Accounting for Business
ACCT 2005	Financial Accounting 2
ACCT 2006	Management Accounting
ACCT 3002	Taxation Law 1
BANK 1005	Financial Markets and Institutions
BANK 2007	Business Finance
BANK 3004	Portfolio and Fund Management
BANK 3009	Corporate Valuation and Risk Management
BANK 3011	International Currency and Banking Markets
BUSS 2068	Management and Organisation
ECON 1007	Macroeconomics
ECON 1008	Principles of Economics
ECON 2007	Empirical Business Analysis
ECON 2010	Economic Analysis of Business Decisions
LAWS 1018	Business Law
MARK 1010	Marketing Principles: Trading and Exchange
MATH 1053	Quantitative Methods for Business
MATH 1068	Statistical Methods

University of South Australia - ACCT 3007: Financial Accounting 3 (Solutions)

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