MACQUARIE UNIVERSITY 
ACCG1001: Accounting and Governance 
Final Examination Guide and Notes 2025 
 
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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Macquarie University - Accounting and Governance (ACCG1001)

$35.00

ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ACCG1001
Credit Points	10
Unit Name	Accounting and Governance
Notes Title	Final Examination Guide and Notes
Page Length	38

This guide is designed to assist you in preparing for the ACCG1001: Accounting and Governance Final Examination at Macquarie University. Updated with the latest exam revisions, it outlines the exam’s structure, style, and range of questions. It includes sample questions paired with detailed answers, helping you familiarise yourself with typical question formats and identify key topics for review. Additionally, the guide provides essential insights into the exam format, content coverage, and core concepts, along with practical advice on reading questions, managing test anxiety, and avoiding common pitfalls.

This unit focuses on the role of accounting in governance and accountability. The link between accounting and governance is discussed through the concepts of measurement, valuation, conceptual framework, reporting and communication of financial and non-financial information. The unit also acquaints students with how to apply computerised accounting software to record financial transactions and adjust accounting entries, and to prepare bank reconciliation and financial statements. On the completion of this unit, students are expected to understand the role of accounting in discharging accountability, provide accounting treatment for assets, liabilities and equity, analyse and interpret financial statements, and understand the regulatory accounting environment.

Main topics to be covered:

Introduction: accounting and governance
Accounting regulation and conceptual framework
Internal control and cash management
Accounting for receivables
Accounting for inventory I
Accounting for inventory II and GST implications
Accounting for non-current assets
Accounting for liabilities and equity
Financial Statement analysis
Accounting for partnerships

Prerequisite: ACCG1000

UNIT CODE	UNIT NAME
ACCG1000	Accounting in Society
ACCG1001	Accounting and Governance
ACCG2000	Management Accounting
ACCG2024	Financial Accounting and Reporting
ACCG2051	Business and Corporations Law
ACCG3008	Corporate Accounting and Business Advisory
ACCG3020	Taxation Law and Practice
ACST1001	Finance Fundamentals
ACST2001	Financial Modelling
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
ECON2032	Econometric Principles
ECON2041	Introductory Econometrics
ECON3033	Econometric Methods
ECON3061	Economic and Business Forecasting
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 and Governance (ACCG1001)

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