ACCT 2005 Financial Accounting
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The ACCT 2005 Financial Accounting course module aims to provide students with knowledge about accounting transactions. He studies the structure and purpose of financial reporting. In addition, it focuses on defining, understanding and identifying various elements of financial reporting based on selected international financial reporting standards and underlying theory.
Financial accounting is the process of recording, summarizing and presenting the business transactions of a company through financial reporting. Financial accounting reports include: income statement, balance sheet, cash flow statement and retained earnings statement. Financial accounting (or financial accounting) is an area of ??accounting associated with the summarization, analysis and reporting of financial transactions related to the business. The ACCT 2005 Financial Accounting course includes the preparation of financial statements for public use. Shareholders, suppliers, banks, employees, government agencies, business owners and other interested parties are examples of people who are interested in obtaining such information for decision making.
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