The aim of the syllabus is 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.
On successful completion of this exam, 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
The main elements of this paper are as follows:
- Conceptual framework
- Regulatory framework
- Accounting Standards (IASs & IFRSs)
- Preparation of financial statements
- Business combinations
- Analyzing and interpreting