UNIVERSITY OF WOLLONGONG 
ACCY121 - Accounting for Decision Making 
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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University of Wollongong - ACCY121: Accounting for Decision Making

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ACADEMIC YEAR 2024 - 2025

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

Prepare for ACCY121: Accounting for Decision Making at the University of Wollongong with clear notes aligned to what can be examined. You will see how the exam is set out, which topics to focus on, and how to apply them through exam-style papers with full solutions and step-by-step explanations. Everything is arranged in a simple sequence so you can revise quickly and answer confidently under time pressure.

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
ACCY112	Accounting in Organisations
ACCY200	Financial Accounting IIA
ACCY211	Management Accounting II
COMM121	Statistics for Business
ECON100	Economic Essentials for Business
ECON205	Macroeconomic Theory and Policy
ECON215	Microeconomic Theory and Policy
FIN111	Introductory Principles of Finance
FIN222	Corporate Finance
FIN223	Investment Analysis
FIN226	Financial Markets and Institutions
FIN322	Advanced Corporate Finance
FIN323	Portfolio Analysis
LAW101	Introduction to Law
LAW315	Taxation 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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