BA3 Fundamentals Of Financial Accounting

Embark on a new career direction, or continue along the same path and build up your accounting acumen, with this fantastic course based on the fundamentals of financial accounting, which can be used as a stepping stone to continue on to the highly-reputed CIMA Professional Chartered Management Accounting Qualification. As an entry requirement for the aforementioned course, it makes sense to invest in your future with a course such as this, to give yourself a chance to prepare for the big guns later down the line! This course is one of the entry requirements for the CIMA qualification, along with three other modules. Break the study down into manageable pieces and you’ll be well on your way to accounting freedom. The course should take approximately 25 study hours to complete and is available online, upon registration. The main objective of this subject is to obtain a practical understanding of financial accounting and the process behind the preparation of financial statements for single entities. These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There is an introduction to measuring financial performance with the calculation of basic ratios. Note: Students are required to be aware of the format and content of published accounts but are not required to prepare them. No detailed knowledge of any specific accounting treatment contained in the International Financial Reporting Standards (IFRSs) – including the International Accounting Standards (IASs), – is necessary, except in terms IAS 2 and the treatment of inventory, IAS 16 and IAS 38 for basic non-current asset transactions. IAS 1 and IAS 7 formats will form the basis of the financial statements. The terminology used for all entities will be that of