THE UNIVERSITY OF EXETER 
BEA1008: Introduction to Financial Accounting 
Final Examination Guide and Notes 2024 
 
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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University of Exeter

University of Exeter - BEA1008: Introduction to Financial Accounting

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ACADEMIC YEAR 2023 - 2024

University	University of Exeter
Module Code	BEA1008
Module Name	Introduction to Financial Accounting
Study Level	Undergraduate
Notes Title	Final Examination Guide and Notes
Page Length	38

This guide allows you to understand how the BEA1008: Introduction to Financial Accounting, University of Exeter - Final Examination 2024 will be assessed, structured and the likely style and range of questions that would be asked. This self-study set has been thoroughly updated to cover all the examinable topics planned in the latest edition of the final exam. It contains sample exam questions complete with a detailed answer guide to help students with question style and identify priority topics to review as they prepare for the exam. Students applaud the invaluable tips for how to read the questions, overcome test anxiety, and avoid common pitfalls, all of which help foster exam confidence.

The BEA1008 Introduction to Financial Accounting module equips students with the foundational knowledge and practical skills needed to understand and record financial transactions. Designed for both accounting majors and those seeking a general understanding, the course explores the core concepts, frameworks, and principles underlying financial accounting. You will learn the accounting equation, recording mechanisms, and international financial reporting standards (IFRS), along with the recognition and measurement principles used to prepare financial statements for various business structures, including sole proprietorships, partnerships, limited companies, and non-profit organisations.

Main topics to be covered:

The framework of accounting
The accounting equation, concepts and conventions
The transactions recording process, trial balance and basic financial statements
Control accounts, errors and omissions and computerised accounting
Non-current assets and depreciation
Inventories and cost of sales
Non-current liabilities and equity
Preparation of financial statements for sole traders and limited companies
Preparation of financial statements for partnerships and non-for-profit organisations

MODULE CODE	MODULE NAME
BEA1008	Introduction to Financial Accounting
BEA1010	Business Finance for Accountants
BEA1012	Introduction to Statistics for Accountants
BEA1013	Introduction to Accounting
BEA2010	Managerial Accounting
BEA2018	Corporate Finance
BEA2019	Financial Accounting A
BEA3008	Finance for Managers
BEA3018	Advanced Corporate Finance
BEA3026	Financial Modelling
BEE1006	Introduction to Finance
BEE1022	Introduction to Statistics
BEE1023	Introduction to Econometrics
BEE1025	Statistics for Business and Management
BEE1036	Economics I
BEE1037	Economics II
BEE2020	Introduction to Econometric Theory
BEE2025	Microeconomics II
BEE2027	Financial Markets and Decisions I
BEE2038	Intermediate Microeconomics
BEE3059	Asset Pricing
BEM1019	Fundamentals of Marketing

University of Exeter - BEA1008: Introduction to Financial Accounting

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