The
Syllabus outlines the content of the paper and
how that content is examined.
The
ability to understand and interpret financial
statements is an essential skill for professionals
who are involved in such tasks as investment
decisions, assessing the performance of an organisation,
extending credit to businesses and assessing
the performance of management.
AIM
To develop understanding and appreciation of
the contents of financial statements, the meaning
of terminology used in the statements, how to
interpret the performance of an organisation
using the contents of the financial statements
and the various accounting concepts which underpin
the preparation of the statements.
CONTENT
Regulation of Financial Statements
-
standard setting procedure
-
legal framework
Financial Information
users of financial information
the needs of the different users
making financial information useful
Financial Statements
Balance Sheet, Profit and Loss Account.
Cash Flow Statement, Value Added Statement.
Directors' Report, Chairman's Statement.
Analysis
of Financial Statements
financial ratios: liquidity, profitability,
stock market, solvency, efficiency, cash flow
and risk. Calculation and interpretation.
For detailed syllabus
on paper 1 click
here and for study guide
click here. |
