FAC2601 - Financial Accounting for Companies

Purpose: To gain knowledge of and insight into the following subject matter as well as the ability to apply this knowledge when preparing a set of annual financial statements: Companies Act requirements in respect of the preparation of a set of financial statements; the accounting framework; presentation of financial statements; share- and dividend transactions; introduction to financial instruments; property, plant and equipment; inventories; revenue; finance- and operating leases in the financial statements of lessees; the preparation of a set of financial statements with accompanying notes for a company in accordance with the requirements of the Companies Act and IFRS