Define the qualitative characteristics of financial information
- Qualitative characteristics of financial information
Demonstrate the use of double-entry and accounting systems
- Double entry book keeping
Record transactions and events
- Recording basic transactions and balancing the ledger
- Returns, discounts and sales tax
- Inventory
- Non-current assets: acquisition and depreciation
- Non-current assets: disposal and revaluation
- Intangible assets
- Accruals and prepayments
- Receivables
- Payables, provisions and contingent liabilities
- Capital structure and finance costs
Preparing basic financial statements for incorporated and unincorporated entities
- Trial balance, errors and suspense accounts
Preparing basic financial statements for incorporated and unincorporated entities
- Preparing basic financial statements
- Incomplete records
- Statement of cash flows
Preparing simple consolidated financial statements
- Introduction to financial reporting
Interpretation of financial statements
- Preparing consolidated financial statements
Multi Task Questions
- 7 Questions