Financial Accounting
LEARNING OUTCOMES
Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements. You’ll demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.
SYLLABUS
- The scope and purpose of financial
statements for external reporting - Users’ and stakeholders’ needs
- The main elements of financial reports
- The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
- Duties and responsibilities of those
charged with governance.
- The qualitative characteristics of
financial information
- Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
- Ledger accounts, books of prime entry, and journals
- Sales and purchases
- Cash
- Inventory
- Tangible non-current assets
- Depreciation
- Intangible non-current assets and amortisation
- Accruals and prepayments
- Receivables and payables
- Provisions and contingencies
- Capital structure and finance costs
- Trial balance
- Correction of errors
- Control accounts and reconciliations
- Bank reconciliations
- Suspense accounts
- Statements of financial position
- Statements of profit or loss and other comprehensive income
- Disclosure notes
- Events after the reporting period
- Statements of cash flows
- Incomplete records
- Subsidiaries
- Associates
- Importance and purpose of analysis of financial statements
- Ratios
- Analysis of financial statements
Financial Accounting
Association of Chartered Certified Accountants
LEARNING OUTCOMES
Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements. You’ll demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.
SYLLABUS
- The scope and purpose of financial
statements for external reporting - Users’ and stakeholders’ needs
- The main elements of financial reports
- The regulatory framework (legislation and regulation, reasons and limitations, relevance of accounting standards)
- Duties and responsibilities of those
charged with governance.
- The qualitative characteristics of
financial information
- Double-entry book-keeping principles including the maintenance of accounting records and sources of accounting information
- Ledger accounts, books of prime entry, and journals
- Sales and purchases
- Cash
- Inventory
- Tangible non-current assets
- Depreciation
- Intangible non-current assets and amortisation
- Accruals and prepayments
- Receivables and payables
- Provisions and contingencies
- Capital structure and finance costs
- Trial balance
- Correction of errors
- Control accounts and reconciliations
- Bank reconciliations
- Suspense accounts
- Statements of financial position
- Statements of profit or loss and other comprehensive income
- Disclosure notes
- Events after the reporting period
- Statements of cash flows
- Incomplete records
- Subsidiaries
- Associates
- Importance and purpose of analysis of financial statements
- Ratios
- Analysis of financial statements
EXAM PATTERN
Exam Duration
2 hours
Passing Marks
50/100
Mode of Exam
Online
All Attempts
On Demand
ACCA Course By Tishadz
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