AIM
The aim of the module is to provide candidates with the skills to prepare single entity and group financial statements in accordance with IFRS, to support evaluation of financial statements, and to provide a basis of knowledge.
On completion of this module, candidates will reach a competency sufficient to be able to:
(A) Demonstrate an understanding of the international regulatory, legal and ethical frameworks, the International Accounting Standards Board (IASB) Conceptual Framework for Financial Reporting, and their practical implications for financial reporting
(B) Explain and apply appropriate accounting and financial reporting standards in the preparation of financial statements
(C) Prepare and present single entity financial statements in accordance with IFRSs
(D) Determine the approach to accounting for business combinations and prepare consolidated financial statements
(E) Analyse and interpret financial statements for relevant stakeholders and other users
Remember: You will get the Examination Analysis Document (MAY 2020) Examination Sitting
