CAF-1 Financial Accounting and Reporting 1 by Sir Mutaza Quaid
This course is part of the CAF Group A Module
Students already enrolled: 10,000+
Fee: Rs 18,000
What you will Learn
This course is designed to equip future chartered accountants with the knowledge and skills necessary to understand how businesses operate and make informed financial and strategic decisions.
Financial Accounting and Reporting-I is one of the foundational courses in the program. It focuses on providing students with a solid understanding of accounting principles, financial reporting, and the preparation of financial statements. This course forms the basis for more advanced accounting and financial reporting courses in the program.
1. Preparation of financial statements includes creating statements of changes in equity and cash flows, analyzing the impact of errors, applying accounting policies and addressing changes, and comparing the usefulness of cash flow information with profit or loss statements. It also covers financial reporting for non-profit organizations.
2. Conceptual Framework and Interpretation of Financial Statements involve applying the conceptual framework, calculating and interpreting ratios for performance assessment, and understanding basic and diluted earnings per share concepts.
3. Accounting for Financial Transactions includes recognizing, measuring, and disposing of property, plant, and equipment, handling government grants and assistance, managing borrowing costs, dealing with asset impairments, and recognizing, measuring, and disclosing investment property transactions.