THE UNIVERSITY OF SYDNEY
ACCT2011: Reporting on Business Performance
Final Examination Guide and Notes for 2023
 
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 Sydney - ACCT2011: Reporting on Business Performance

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ACADEMIC YEAR 2022 - 2023

University	University of Sydney
Study Level	Undergraduate
Unit Code	ACCT2011
Unit Name	Reporting on Business Performance
Guide Title	Final Examination Guide and Notes
Page Length	38

This guide will help you understand the structure, likely style, and range of questions for the ACCT2011: Reporting on Business Performance final examination at the University of Sydney in 2023. The self-study set has been thoroughly updated to cover all topics included in the latest edition of the exam. It contains sample exam questions accompanied by a detailed answer guide to help you understand question styles and identify priority topics for review as you prepare. It also provides essential information about the exam format, content coverage, and key concepts to focus on during your studies. Students appreciate invaluable tips on reading questions, overcoming test anxiety, and avoiding common pitfalls, which foster greater confidence.

This unit of study examines the application of key accounting standards to financial statements, focusing on publicly listed entities. Beginning with an overview of the financial reporting environment it develops an understanding of how managerial accounting policy choices are made. The unit covers a range of important topics such as revenue recognition, intangible assets, and an introduction to financial instruments; the underlying importance of different measurement approaches ranging from historical cost to fair value is a consistent theme throughout. The unit also explores the role of credible disclosures not directly covered by accounting standards.

Major topics to be covered include:

Introduction and conceptual framework for financial reporting
Measurement and choice of accounting methods
Accounting for assets - property, plant, and equipment
Accounting for assets - intangible assets
Accounting for leases
Provisions; ethics
Revenue
Accounting for income tax
Accounting for financial instruments
Equity
Accounting for the extractive industries
Presentation of financial statements

UNIT CODE	UNIT NAME
ACCT2011	Reporting on Business Performance
ACCT2019	Management Accounting
ACCT3011	Financial Accounting B
BUSS1020	Quantitative Business Analysis
BUSS1030	Accounting, Business and Society
CLAW1001	Foundations of Business Law
CLAW3201	Australian Taxation System
ECMT1010	Introduction to Economic Statistics
ECON1001	Introductory Microeconomics
ECON1002	Introductory Macroeconomics
ECOS2001	Intermediate Microeconomics
ECMT1020	Introduction to Econometrics
ECMT3120	Applied Econometrics
ECMT3130	Forecasting for Economics and Business
ENVX1002	Introduction to Statistical Methods
FINC3019	Fixed Income Securities
FINC2011	Corporate Finance I
FINC2012	Corporate Finance II
FINC3012	Derivative Securities
FINC3017	Investments and Portfolio Management
MKTG1001	Marketing Principles
WORK1003	Foundations of Work and Employment

University of Sydney - ACCT2011: Reporting on Business Performance

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