NEWCASTLE UNIVERSITY 
ACC3001: Advanced Financial Accounting and Reporting 
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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Advanced Financial Accounting and Reporting (ACC3001)

£25.00

ACADEMIC YEAR 2025 - 2026

University	Newcastle University
Study Level	Undergraduate
Module Code	ACC3001
Module Name	Advanced Financial Accounting and Reporting
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	37

This set of notes helps you understand the updated final exam format and practise core question types. Work through sample papers with worked solutions and step-by-step explanations, supported by clear diagrams for quick recall under time pressure. You’ll also get practical hints and tips tailored to the final. Fully updated to match current requirements, it gives you a simple, logical structure for revision so you can approach the exam with confidence.

Aims:

Apply the requirements of international financial reporting standards to the preparation of single company and consolidated financial statements. Propose and justify the most appropriate accounting treatment for given scenarios.
Identify and critically evaluate the choices that specific international financial reporting standards make available and the potential misuse of such choices for earnings management purposes.
Describe and apply the main features of the UK Corporate Governance Code.
Identify ethical threats and evaluate appropriate actions and safeguards to mitigate those threats.
Describe and critically evaluate the benefits and implications of ESG and sustainability accounting within a corporate accountability framework.

Outline Of Syllabus:

Company financial statements
The frameworks of financial reporting
Contemporary issues in accounting
Consolidated accounting issues

Learning Outcomes:

Describe the requirements of international financial reporting standards to single company and consolidated financial statements.
Identify the choices that specific financial reporting standards make available.
Describe the main features of the UK Corporate Governance Code.
Identify ethical threats.
Describe the benefits of ESG and sustainability accounting within a corporate accountability framework.

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	Responsible 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

Advanced Financial Accounting and Reporting (ACC3001)

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