Presents validation of the Eulerian approach for unsteady two‐phase flows, whose behaviour depends on the coupling between the two phases, on the basis of the study of attentuation and dispersion of an acoustic wave propagating into a one dimensional two‐phase flow. This approach and the corresponding numerical aspects are accurate enough for later applications in more complex geometries, where “vortex shedding” phenomena take place. Attenuation and dispersion of a pressure wave in a two‐phase medium of rest was previously studied by Temkin and Dobbins. Present work is an extension of this theory to the case of a two‐phase flow. This theoretical approach leads to a numerical solution of the problem. Compares the derived results with those obtained from a direct numerical simulation based on MacCormack scheme in a finite volume formulation. Verifies that analytical and numerical approaches are in good agreement.