Aim

To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

 Main capabilities

On successful completion of this paper candidates should be able to:

On successful completion of this paper candidates should be able to:

A Discuss and apply a conceptual and regulatory frameworks for financial reporting

B Account for transactions in accordance with International accounting standards

C Analyse and interpret financial statements.

D Prepare and present financial statements for single entities and business combinations in accordance with International accounting standards