UNIVERSITY OF WOLLONGONG 
ACCY111 - Accounting Fundamentals in Society 
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

University of Wollongong - ACCY111: Accounting Fundamentals in Society

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ACADEMIC YEAR 2024 - 2025

University	University of Wollongong
Study Level	Undergraduate
Subject Code	ACCY111
Subject Name	Accounting Fundamentals in Society
Notes Title	Final Examination Guide and Notes
Page Length	81

The ACCY111: Accounting Fundamentals in Society, University of Wollongong - Final Examination Guide and Notes 2025 provides you with a unique summarised version of the core information contained in the full course, as well as the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in the exam. You do not need to be an expert in the subject, you just need a basic understanding and be able to quickly recall the information that you've learned. You can use these notes as a reference to understand the topics better and improve your grades in the final examination. This updated exam preparation guide helps you identify your weak areas, then you can pass the final exam on your first attempt.

This subject, Accounting Fundamentals In Society (ACCY111) - introduces the role of accounting information in society including its social and ethical aspects relating to both the individual and the organisation. The subject introduces basic accounting language, concepts and techniques to identify, classify, process, record and present accounting and financial information. The subject also considers accounting information that can be used for making decisions about past and future economic events in a variety of business and social settings.

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

demonstrate an understanding of the role of accounting in society by exploring the various roles of accounting, including an appreciation of ethical aspects of accounting practice for both individuals and organisations;
demonstrate an acquisition of an elementary technical competence in accounting practice through the use of basic accounting language, concepts and techniques to identify, classify, process, record, summarise and communicate accounting and financial information;
identify and explain different forms of economic entities and understand the diversity of economic sectors and the consequences of this diversity for accounting practice;
demonstrate competence in using accounting information to analyse, interpret and forecast financial information that is useful in decision making;
and - demonstrate an understanding of the use of specified information and communication technologies.

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 - ACCY111: Accounting Fundamentals in Society

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