文档介绍：Accounting English
Aim of our course
It aims to develop you knowledge and understanding of the underlying principles, concepts and regulation relating to financial accounting.
You will need to demonstrate technical proficiency in the use of double entry techniques, including the preparation of basic financial statement for sole traders, partnerships and limited panies.
Skills are required
You are expected to demonstrate some skills throughout the course. This means that you need to show “knowledge prehension”. It is not sufficient to merely know the subject, you need to understand it and show that you understand.
★ You will need to not only know an accounting standard but also show how to use it in practice.
★ Double entry bookkeeping is a basic skill that you should master it.
★ You also need to be able to prepare basic financial statements.
Content of the course
Part A The Context and purpose of financial reporting
Part B The qualitative characteristics of financial information
Part C The use of double entry and accounting systems
Part D Recording transactions and events
Part E Preparing a trial balance
Part F Preparing basic financial statements
Part A The Context and purpose of financial reporting
Chapter1. Introduction to accounting
Chapter2. The regulatory framework
Chapter 1 introduction to accounting
Study guide :
1. The purpose of financial reporting
2. Types of business entity
3. Nature, principles and scope of financial reporting
4. User’s and stakeholder’s needs
5. The main elements of financial reports
1. The purpose of financial reporting
What is financial reporting ?
Financial reporting is a way of recording, analyzing and summarizing financial data.
Financial data is the name given to the actual transactions carried out by a business eg sales of goods , purchases of goods , payments of expenses.
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Business transactions are recorded in books of prime entry.
The transactions are analyzed in the books of prime entry a