NEWCASTLE UNIVERSITY 
ACC1010: Introduction to Financial Accounting 
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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Newcastle University - ACC1010: Introduction to Financial Accounting

£35.00

ACADEMIC YEAR 2024 - 2025

University	Newcastle University
Study Level	Undergraduate
Module Code	ACC1010
Module Name	Introduction to Financial Accounting
Notes Title	Final Examination Guide and Notes
Page Length	81

The ACC1010: Introduction to Financial Accounting, Newcastle University - Final Examination Guide and Notes 2025 provides students with a unique summarised version of the core information contained in the full course, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in exams. You do not need to be an expert in the course, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination. This updated exam preparation guide helps you identify your weak areas, so you will pass the final exam on your first attempt.

The Intermediate Financial Accounting course (LAC2005) at Newcastle University Business School, is designed to enhance students' understanding of financial reporting practices and their impact on companies. The course aims to develop students' skills in preparing and interpreting accounts, with a particular focus on group accounts preparation. The course content is primarily related to companies reporting to shareholders, covering a range of accounting situations such as provisions, contingent liabilities and assets, financial instruments, and consolidation of group companies, all in accordance with international accounting standards.

Major topics covered:

Company Financial Statements
Frameworks of Financial Reporting
Preparation of Consolidated Group Accounts
By the end of the course, students should be able to:
Apply Company Law and International Financial Reporting Standards
Assess the effects of accounting policy choices
Prepare and interpret financial statements of limited companies.

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ACC1010	Introduction to Financial Accounting
ACC1011	Introduction to Management Accounting and Finance
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ACC1053	Introductory Quantitative Methods and Principles of Taxation
ACC2002	Managerial and Business Economics
ACC2005	Intermediate Financial Accounting
ACC2007	Corporate Finance
ACC3001	Financial Accounting
ACC3004	Derivative Markets
ACC3006	International Financial Management
BUS1001	Introduction to Management and Organisation
ECO1007	Statistical Methods for Economics
ECO1009	Analysing Economic Data
ECO1017	Introductory Economics
ECO1020	Introductory Macroeconomics
ECO2009	Econometric Analysis
ECO3001	Advanced Microeconomics
ECO3018	Financial Economics
MKT1002	Introduction to Marketing

Newcastle University - ACC1010: Introduction to Financial Accounting

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