UNIVERSITY OF GREENWICH 
ACCO1083: Introduction to Financial Accounting 
Comprehensive Study and Exam Preparation Guide 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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University of Greenwich - ACCO1083: Introduction to Financial Accounting

£25.00

ACADEMIC YEAR 2024 - 2025

University	University of Greenwich
School	Greenwich Business School
Module Code	ACCO1083
Module Title	Introduction to Financial Accounting
Notes Title	Comprehensive Study and Exam Prep. Guide
Page Length	81

This guide provides a comprehensive summary of the key concepts covered in ACCO1083: Introduction to Financial Accounting at the University of Greenwich. It focuses on the essential information you need to understand and apply the course content effectively, helping you build a strong foundation in financial accounting. The features included are specifically designed to support your exam preparation by making it easier to apply what you've learned. You don’t need to be an expert in the module - just have a basic understanding and be able to recall key points quickly. Use these notes to deepen your knowledge and do well in the final exam.

The ACCO1083 module provides a thorough foundation in the principles and techniques of financial accounting. It covers the purpose and development of financial accounting, the qualitative characteristics of financial information, and the regulatory framework including IFRS and governance responsibilities. The module also introduces students to double-entry bookkeeping, the accounting equation, and the recording of various financial transactions. Learners will gain experience with accounting systems such as ledgers, journals, and books of prime entry, and will explore topics like depreciation, accruals, and capital structure.

Students will develop the skills to extract period-end balances, correct errors, and use control and suspense accounts, as well as complete bank reconciliations. The module enables students to prepare core financial statements for sole traders and incorporated businesses, including the statement of financial position, profit or loss statement, and cash flow statement. Finally, it introduces the basic analysis and interpretation of financial statements using elementary accounting ratios, helping students understand how financial information supports decision-making for various stakeholders.

MODULE CODE	MODULE TITLE
ACCO1083	Introduction to Financial Accounting
ACCO1095	Management Accounting
ACCO1124	Financial Accounting
ACCO1158	Quantitative Methods
BUSI1706	Introduction to Business Finance
ECON1006	Introduction to Economics for Business
ECON1008	Macroeconomics I
ECON1009	Microeconomics I
ECON1142	Quantitative Methods and Econometrics
ECON1143	Advanced Econometrics
ECON1145	Principles of Investment
ECON1176	Statistics for Economics and Finance
FINA1027	Finance
FINA1104	Financial Markets, Instruments and Institutions
FINA1126	Introduction to Finance and Economics
FINA1129	Corporate Financial Management
FINA1142	Introduction to Financial Management
MARK1107	Principles and Practice of Marketing

University of Greenwich - ACCO1083: Introduction to Financial Accounting

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