MACQUARIE UNIVERSITY 
ACCG2024: Financial Accounting and Reporting Analysis 
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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ACCG2024: Financial Accounting and Reporting Analysis (Solutions)

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ACCG2024
Credit Points	10
Unit Name	Financial Accounting and Reporting Analysis
Notes Title	Final Examination Guide and Notes
Page Length	37

This guide helps you understand how the final exam for ACCG2024: Financial Accounting and Reporting Analysis at Macquarie University will be structured and assessed. It outlines the likely style and range of questions that may appear on the exam. This updated self-study set covers all examinable topics from the latest edition of the exam. It includes sample exam questions with a detailed answer guide to help you understand question formats and identify key topics to prioritise in your revision. Additionally, this guide provides essential information on the exam format, what to expect on the exam, and the core concepts you should focus on while preparing.

This unit builds on first year accounting units, exploring financial reporting environment in greater depth and challenging students to question the foundations of financial reporting. Areas and topics within International Financial Reporting Standards (IFRS) and its Australian equivalents Australian Accounting Standards Board (AASB) are reviewed. On the completion of this unit, students will be familiar with the regulatory environment for financial reporting, be able to apply relevant accounting standards to key business processes, prepare a complete set of financial statements based on both accrual and cash accounting, describe the alternative reporting frameworks such as the Global Reporting Initiative (GRI and be able to show the accounting entries for company financing.

Main topics to be covered:

Introduction to the Regulatory Environment and Conceptual Framework
Introduction to Financing a Company - Equity and Debt Financing
Accounting for Income Tax
Accounting for Property, Plant and Equipment
Accounting for Intangibles
Accounting for Impairment
Accounting for Leases
Revenue Recognition and Financial Statements
Accounting Policies, Estimates and Errors
Accounting Theory and its Impact on Accounting Policy Choices
Statement of Cash Flows - Overview and Direct Method
Statement of Cash Flows - Indirect Method, Notes and Limitations
Alternative Reporting Frameworks

Prerequisite: ACCG1001.

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

ACCG2024: Financial Accounting and Reporting Analysis (Solutions)

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