UNSW SYDNEY 
ACCT2511: Financial Accounting Fundamentals 
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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UNSW Sydney

(UNSW Sydney) ACCT2511: Financial Accounting Fundamentals

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ACADEMIC YEAR 2025 - 2026

University	UNSW Sydney
Study Level	Undergraduate
Course Code	ACCT2511
Course Name	Financial Accounting Fundamentals
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCT2511: Financial Accounting Fundamentals at UNSW Sydney. It highlights the essential information needed to apply your lecture materials effectively and 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.

Course Description:

Expand your foundational literacy in accounting, the language of business. This course helps you to build a firm grounding in financial accounting principles and methods. Understanding how accounting works is vital for effectively communicating business performance, and is your window to understanding financial drivers of business success. To this end, you will learn the basics of recording, summarizing, and reporting financial transactions, preparing financial statements, and analyzing financial information to make informed business decisions.

Course Aims:

This course aims to equip you with the skills, knowledge and insights required to prepare and interpret the contents of three key external financial statements generated by corporations: the Income Statement; Balance Sheet; and Cash Flow Statement.

Whilst primarily designed for students who are interested in an accounting major, this course is also valuable to students who aspire to be business professionals fluent in the “language of business”, who are able to analyse companies’ general purpose financial statements, and are able to communicate their insights to their stakeholders in a meaningful fashion.

ACCT2511 Financial Accounting Fundamentals is the first part of a three-part financial accounting stream within the Accounting major, which is within the Bachelor of Commerce. It is offered by the School of Accounting, Auditing & Taxation and is a core course for students enrolled in a major in Accounting. To enrol in this course, the following pre-requisite must have been satisfied: COMM1140 Financial Management.

This course is part of the core curriculum studies required by CPA Australia and Chartered Accountants Australia & New Zealand (CA ANZ).

COURSE CODE	COURSE NAME
ACCT2511	Financial Accounting Fundamentals
ACCT2522	Management Accounting for Decision Analysis
ACCT2542	Corporate Financial Reporting and Analysis
ACTL1101	Introduction to Actuarial Studies
ECON1102	Macroeconomics 1
ECON2101	Microeconomics 2
ECON2206	Introductory Econometrics
ECON2209	Business Forecasting
ECON3208	Applied Econometric Methods
FINS1613	Business Finance
FINS2618	Capital Markets and Institutions
FINS2624	Portfolio Management
FINS3625	Applied Corporate Finance
FINS3635	Options, Futures and Risk Management
FINS3636	Interest Rate Risk Management
FINS5511	Corporate Finance
FINS5535	Derivatives and Risk Management Techniques
MARK2012	Marketing Fundamentals
MATH1041	Statistics for Life and Social Sciences
MGMT2004	Managing Organisational Behaviour
TABL2710	Business and the Law
TABL2751	Business Taxation

(UNSW Sydney) ACCT2511: Financial Accounting Fundamentals

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