The aim of this module is to develop knowledge and understanding of the underlying principles and concepts relating to Financial Accounting and to develop technical proﬁciency in the use of double-entry accounting techniques including the preparation of basic ﬁnancial statements for single entities. The syllabus also introduces basic techniques for the interpretation of ﬁnancial statements.
On completion of this module, candidates will reach a competency level sufﬁcient to be able to:
(A) Explain the context, purpose and qualitative characteristics of ﬁnancial information
(B) Record transactions and events using the double-entry accounting system
(C) Prepare an extended (adjusted) trial balance
(D) Prepare basic ﬁnancial statements for incorporated and unincorporated entities.
(E) Interpret ﬁnancial statements
Remember: You will get the Examination Analysis Document (MAY 2020) Examination Sitting