MACQUARIE UNIVERSITY 
ACCG1000: Accounting for Decision Making 
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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Macquarie University - Accounting for Decision Making (ACCG1000)

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ACCG1000
Credit Points	10
Unit Name	Accounting for Decision Making
Notes Title	Final Examination Guide and Notes
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCG1000: Accounting for Decision Making at Macquarie University. It highlights essential information to help you understand and apply financial accounting principles effectively, ensuring a strong grasp of the unit material. Designed to support your exam preparation, these notes focus on helping you recall important concepts quickly. You don’t need to be an expert - just develop a solid understanding and the ability to apply what you learn. Use this guide as a reference to reinforce your knowledge, clarify complex topics, and improve your final exam performance.

This unit focuses on the role of accounting and the accounting profession in society. By exploring and discovering diverse accountability frameworks, students will learn to appreciate the role accounting plays. The unit aims to introduce basic accounting concepts and methods.

Main topics to be covered:

Accounting, Accountability and Society
Forms of Business Organisations
Financial Accounting for Business: Transaction Analysis
Elements of Financial Statements
Accounting Concepts and Principles
Qualitative Characteristics of Accounting Information
Financial Accounting for Business: Preparing General Journal Entries
Financial Accounting for Business: The General Ledger
Posting General Journal Entries
Preparing a Trial Balance
Financial Accounting for Business: Preparing Adjusting Journal Entries
Financial Accounting for Business: The Closing Process
Preparing Closing Journal Entries
Financial Accounting for Business: Preparing Financial Statements
Financial Accounting for Business: Interpreting Financial Statements
Management Accounting: Introduction to Management Accounting
Management Accounting: Cost-Volume-Profit Analysis
Business Ethics: What is it and why is it important?
Role of Ethics in Accounting
Code of Ethics for Professional Accountants
Sustainability Reporting: What it is and why is it important?
Role of Accountants
Disclosure and Reporting Requirements

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

Macquarie University - Accounting for Decision Making (ACCG1000)

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