WESTERN SYDNEY UNIVERSITY

ACCT 2005: Techniques in Financial Accounting

Final Examination Guide and Notes 2026

- 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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ACCT 2005: Techniques in Financial Accounting (Solutions) - WSU

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ACADEMIC YEAR 2025 - 2026

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

Designed specifically for students enrolled in ACCT 2005: Techniques in Financial Accounting at Western Sydney University, this comprehensive study material aims to enhance your understanding and performance in the final examination. It includes:

• Sample exam questions

• Detailed solutions

• Comprehensive marking schemes

• Final exam hints and tips

• Concentrate on key topics for the final exam

These resources are designed to help you effectively practise and test your understanding of the subject matter. With a focus on examinable topics and practical hints and tips, this guide ensures that you are well-prepared to excel in both academic and professional settings.

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.

Pre-requisite: ACCT 1007 - Financial Accounting Applications.

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 2005: Techniques in Financial Accounting (Solutions) - WSU

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