WESTERN SYDNEY UNIVERSITY

ACCT 2005: Techniques in Financial Accounting

* Final Examination Guide and Notes 2024

- 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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Western Sydney University - ACCT 2005: Techniques in Financial Accounting

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ACADEMIC YEAR 2023 - 2024

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ACCT 2005
Subject Name	Techniques in Financial Accounting
Notes Title	Final Examination Guide and Notes
Page Length	38

* This guide allows you to understand how the ACCT 2005: Techniques in Financial Accounting, Western Sydney University - Final Examination 2024 will be assessed, structured, and the likely style and range of questions that will be asked. This self-study set has been thoroughly updated to cover all the examinable topics contained in the latest edition of the exam. It contains sample exam questions complete with a detailed answer guide to help you with question style and identify priority topics to review as you prepare for the exam. It also offers vital information on exam format, what will be on the exam, and key concepts you should focus your studies on. Students applaud the invaluable tips for how to read the questions, overcome test anxiety, and avoid common pitfalls, all of which help foster exam confidence!

Techniques in Financial Accounting is the third subject in the financial accounting stream and builds upon Financial Accounting Applications as part of the accredited accounting program. It introduces a company as a business structure and the accounting requirements for their formation and operations. Students develop skills in using tools required for accurate record keeping leading to compilation of financial statements, as well as how to account for receivables and payables, the disposal of non-current assets, and preparation of cash flow statements. Successful completion of the subject will equip participants with a practical and theoretical understanding of usefulness of general purpose financial reports.

✔ Subject Content:

Revision of Debit and Credits and Introducing Company Structure
Companies: Formation and Operations
Reconstruction of Accounts and Error Correction
End of Period Adjustments: Depreciation and Amortisation
Closing and Reversing Entries
Ten Column Worksheet and Financial Statement Compilation
Accounting for Receivables and Payables
Non-Current Asset Disposal
Preparation of Cash Flows
Accounting Theories

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

Western Sydney University - ACCT 2005: Techniques in Financial Accounting

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