UNIVERSITY OF WOLLONGONG 
ACCY121: Accounting for Decision Making 
Final Examination Guide and Notes 2026 
 
- 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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University of Wollongong - ACCY121: Accounting for Decision Making

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ACADEMIC YEAR 2025 - 2026

University	University of Wollongong
Study Level	Undergraduate
Subject Code	ACCY121
Subject Name	Accounting Fundamentals in Society
Notes Title	Final Examination Guide and Notes
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCY121: Accounting Fundamentals in Society at the University of Wollongong. It highlights the essential information you need to understand and apply the subject material effectively, helping you build a solid grasp of financial accounting principles. The content is structured to support exam preparation by showing you what to focus on and how to apply your knowledge in typical questions. Use these notes as a reference to strengthen your understanding of each topic and improve your performance in the final examination.

This subject, Accounting for Decision Making (ACCY121) - introduces students to the role and use of accounting information in a variety of organisations and society. Students evaluate both financial and non-financial reports and their impact on accountability, decision-making and corporate governance. The subject introduces students to various analytical techniques in order to make sound decisions in a variety of business and social settings.

✔ On successful completion of this subject, you will be able to:

identify the role and impact of accounting in organisations and society;
demonstrate a basic understanding of the purpose of accounting information for both internal and external stakeholders to make sound business decisions;
review and explain the purposes of accounting reports in order to provide information about the results of operations, financial position and performance, as well as social and environmental impacts;
analyse accounting data and information, including the use of ICT, to critically evaluate and effectively communicate and forecast organisational performance; and,
develop effective collaborative communicators in formal and informal situations across a range of media.

SUBJECT CODE	SUBJECT NAME
ACCY111	Accounting Fundamentals in Society
ACCY121	Accounting for Decision Making
ACCY200	Financial Accounting
ACCY201	Advanced Financial Accounting
ACCY211	Management Accounting
BUS 121	Statistics for Business
ECON100	Economic Essentials for Business
ECON205	Macroeconomic Theory and Policy
ECON215	Microeconomic Theory and Policy
ECON339	Applied Economic and Financial Modelling
FIN 111	Introductory Principles of Finance
FIN 222	Corporate Finance
FIN 223	Investment Analysis
FIN 226	Financial Markets and Institutions
FIN 322	Advanced Corporate Finance
LAW 101	Introduction to Law
MARK101	Marketing Principles
MGNT201	Organisational Behaviour
STAT101	Introduction to Statistics
STAT201	Random Variables and Estimation
STAT251	Fundamentals of Biostatistics
STAT332	Generalised Linear Models

University of Wollongong - ACCY121: Accounting for Decision Making

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