WESTERN SYDNEY UNIVERSITY

ACCT 1005: Accounting in Context

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

One-on-One Tutoring Support

If you require academic support, our team of university tutors is available during business hours on weekdays to help you. We possess in-depth knowledge of the subject matter and are dedicated to providing you with guidance and assistance to ensure your success towards graduation.

Looking for additional study resources?

Find out about all the services and resources available for students at

Western Sydney University

ACCT 1005: Accounting in Context (Solutions) - Western Sydney University

$29.00

ACADEMIC YEAR 2025 - 2026

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ACCT 1005
Subject Name	Accounting in Context
Notes Title	Final Examination Guide and Notes
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCT 1005: Accounting in Context at Western Sydney University. 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.

Accounting in Context is the first core subject required in the accredited accounting program, it is designed to provide an overarching context about the purpose and usefulness of accounting information and explain a range of definitions and terms used in accounting and business. This subject introduces accounting reports and their interpretation, and explore the impact of policy and measurement methods on accounting information and business decisions. Successful completion of the subject will equip participants with an understanding of the importance of accounting to society and allow them to engage with the next core accounting subject; Financial Accounting Applications.

✔ Learning Outcomes:

Upon completion of this subject, graduates will be able to:

Examine the usefulness of accounting for decision making
Analyse the ethical, regulatory and sustainability dimensions of accounting
Apply real-world examples to illustrate how accounting concepts operate in 21st century businesses
Analyse how different accounting techniques impact on accounting information
Develop skills in research and communication

Equivalent:

ACCT1006 - Accounting in Context (WSTC).

SUBJECT CODE	SUBJECT NAME
ACCT 1005	Accounting in Context
ACCT 1010	Management Accounting Fundamentals
ACCT 2005	Techniques in Financial Accounting
ACCT 3003	Accounting Standards and Governance
BUSM 1027	Organisational Behaviour
ECON 1003	Financial Institutions and Markets
ECON 1006	Introduction to Economic Methods
ECON 1011	Principles of Economics
ECON 1013	The Australian Macroeconomy
ECON 1014	Consumers, Firms and Markets
ECON 2002	Corporate Financial Management
ECON 2007	Macroeconomic Theory
ECON 3001	Applied Econometrics
ECON 3003	Derivatives
ECON 3006	Economic and Financial Modelling
FINC 3008	Investment Management
FINC 3015	Security Analysis and Business Valuation
LAWS 1001	Enterprise Law
LAWS 3070	Taxation Law
MATH 1030	Statistics for Business
MKTG 1006	Marketing Principles

ACCT 1005: Accounting in Context (Solutions) - Western Sydney University

INFORMATION

SUBJECT OVERVIEW

RELATED SUBJECTS