UNIVERSITY OF EXETER 
BEA1008: Introduction to 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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Introduction to Financial Accounting (BEA1008) - Solutions

£25.00

ACADEMIC YEAR 2025 - 2026

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

(BEA1008: Introduction to Financial Accounting - University of Exeter) This exam-focused guide helps you understand the updated final exam format and practise core question types. It explains how the final exam is marked and organised and shows you the main question styles to expect. Inside are exam-style questions with step-by-step solutions, clear explanations, and final-exam hints and tips, plus guidance on format, key marking points, timing, and model answers.

This is an introductory financial accounting module that is aimed at students who intend to major in accounting in their undergraduate studies, or who have a keen interest in gaining a technical understanding of elementary financial accounting. The first part of the module outlines the framework of accounting - its nature, purpose, and the context/environment in which it is practised. The module then covers the basics of accounting (i.e. concepts, conventions, principles and the accounting equation) and the recording/summarising mechanisms that underlie financial accounting. In addition, the recognition and measurement principles are also taught. Finally, the module covers the preparation of financial statements from the trial balance for various types of entities including sole traders, partnerships, limited companies, and non-for-profit entities. The module uses the International Financial Reporting Standards as reference.

The framework of accounting
The accounting equation, concepts and conventions
The transactions recording process, trial balance and basic financial statements
Adjustments
Non-current assets recognition and measurement as well as depreciation
Inventories and cost of sales
Other current assets and liabilities
Non-current liabilities and equity
Preparation of financial statements for sole traders and limited companies
Financial analysis

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

Introduction to Financial Accounting (BEA1008) - Solutions

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