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