THE UNIVERSITY OF NOTTINGHAM 
BUSI2039 - Financial Accounting and Reporting 1 
Final Examination Guide and Notes 2024 
 
Part 01. Revision Notes 
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 Nottingham

University of Nottingham - BUSI2039: Financial Accounting and Reporting 1

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ACADEMIC YEAR 2023 - 2024

University	University of Nottingham
Study Level	Undergraduate
Module Code	BUSI2039
Module Name	Financial Accounting and Reporting 1
Notes Title	Final Examination Guide and Notes
Page Length	79

The BUSI2039: Financial Accounting and Reporting 1, University of Nottingham - Final Exam Guide and Notes 2024 provides students with a unique summarised version of the core information contained in the full module, and the essentials you need in order to fully comprehend and apply. These features have been specifically designed to help you apply your knowledge in exams. You do not need to be an expert in the module, you just need a basic understanding, and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final exam.

The aim of this Financial Accounting and Reporting module is to ensure that students build upon the year 1 Fundamentals of Financial and Management Accounting module and understand a wider range of International Financial Reporting Standards. They will be able to prepare single entity financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS); basic consolidated financial statements and should be able to explain accounting and reporting concepts and ethical issues, and the application of specified IFRS to a given single entity.

This module develops a knowledge & understanding of:

The main current technical language and practices of accounting in a specified socio-economic domain
The sources, uses and management of finance
The use of accounting and other information systems for planning, control, and decision making
Skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business financial analysis and projections
Contemporary theories and empirical evidence concerning accounting in at least one of its contexts and the ability to critically evaluate such theories and evidence
The development of appropriate policies and strategies within a changing environment to meet stakeholder interests

MODULE CODE	MODULE NAME
BUSI1008	Quantitative Methods 1B
BUSI1020	Business Finance
BUSI1093	Fundamentals of Financial and Management Accounting
BUSI1095	Introduction to Economics
BUSI1099	Microeconomics for Business
BUSI1100	Business Economics
BUSI2001	Introductory Econometrics
BUSI2039	Financial Accounting and Reporting 1
BUSI2052	Financial Accounting and Reporting 2
BUSI2146	Corporate Finance (Level 2)
BUSI2147	Management Accounting
BUSI2172	Marketing Management
BUSI3027	Financial Economics
BUSI3030	Applied Econometrics
BUSI3184	Financial Markets: Theory and Computation
BUSI4445	Derivative Investment
ECON1043	Foundations of Economics
ECON1047	Quantitative Methods
ECON2003	Macroeconomic Theory
ECON2018	Principles of Macroeconomics
ECON2045	Econometric Theory

University of Nottingham - BUSI2039: Financial Accounting and Reporting 1

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