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

£25.00

ACADEMIC YEAR 2025 - 2026

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

ACC1010: Introduction to Financial Accounting (Newcastle University). This guide gives a clear, concise version of the course content with plain explanations you can apply. It includes sample exam papers with full solutions and step-by-step workings, plus practical tips to avoid common mistakes and manage time under pressure. Use it to check understanding, target weaker areas, and prepare with confidence for the final examination. Fully updated to match the latest module requirements.

Aims:

To provide a basic foundation of knowledge and skill in financial accounting in order to:

Record business transactions using double-entry book-keeping.
Define financial accounting concepts.
Identify characteristics of different types of business entity.
Apply financial accounting concepts to transactions within the framework of financial reporting.
Report on the financial performance and position of different types of business entity.
Interpret financial statements of businesses.

Outline Of Syllabus:

The basic structure of accounting and double-entry book keeping
An introduction to the regulatory framework of accounting, with particular reference to International Financial Reporting Standards for Company reporting
Accounting for assets and liabilities, including an introduction to VAT
Accounting for different types of business entity.

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Newcastle University - ACC1010: Introduction to Financial Accounting

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