NEWCASTLE UNIVERSITY 
ACC2005: Intermediate Financial Accounting 
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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Newcastle University - ACC2005: Intermediate Financial Accounting

£25.00

ACADEMIC YEAR 2025 - 2026

University	Newcastle University
Study Level	Undergraduate
Module Code	ACC2005
Module Name	Intermediate Financial Accounting
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	37

Prepare for ACC2005: Intermediate Financial Accounting at Newcastle University with a clear, focused exam guide. Get a precise view of how the final is marked and structured, the typical question styles you’ll face, and the pitfalls to avoid. Inside you’ll find exam-style questions, sample papers, and fully worked solutions with step-by-step explanations. Use it for steady revision through the term or a quick tune-up before the exam.

Aims:

To develop intermediate skills in financial accounting to be able to:
Prepare financial statements for a single entity in accordance with relevant IASB International Accounting Standards
Interpret a set of financial statements, including an understanding of the effect of different accounting policies on the statements being analysed
Understand the key principles of accounting for groups and other organisations

Outline Of Syllabus:

In this module we build on introductory financial accounting knowledge to cover regulatory and IASB frameworks governing the production of financial statements for single entities. We will consider how to account for a range of situations. Examples could include accounting for provisions, contingent liabilities and contingent assets, tangible and intangible assets, aspects of sustainability and how to bring this together in a set of financial statements for a single entity.

Although we will mostly concentrate on single corporate entities, we will introduce consolidation and the preparation of group financial statements. We will also provide an overview of other entities’ accounting requirements.

We will learn how to apply and discuss key ratios used for the interpretation of single entity financial statements, which encompasses an understanding of how an organisation’s choice of accounting policy affects their net income and capital.

MODULE CODE	MODULE NAME
ACC1003	Introduction to Accounting and Finance
ACC1010	Introduction to Financial Accounting
ACC1011	Introduction to Management Accounting and Finance
ACC1012	Professional Skills for Accounting and Finance
ACC1053	Introductory Quantitative Methods and Principles of Taxation
ACC2002	Managerial and Business Economics
ACC2005	Intermediate Financial Accounting
ACC2007	Reponsible 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 - ACC2005: Intermediate Financial Accounting

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