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General Financial Reporting - FAC3701
Diploma,Post Graduate Diploma,Advanced Diploma Semester module NQF level: 7 Credits: 12
Module presented in English Module presented online
Pre-requisite: FAC2601, FAC2602 & TAX2601
Recommendation: FAC3702, FAC3703 & FAC3704
Purpose: The purpose of the module is to equip students with the competencies for the preparation and presentation of financial statements according to the requirements of International Financial Reporting Standards. Students gain knowledge and understanding of the theories relevant in this accounting field, as well as the ability to apply this knowledge to the following subject matter: " Income Taxes " Accounting Policies, Changes in Accounting Estimates and Errors " Conceptual Framework for Financial Reporting 2018 " Preface to International Financial Reporting Standards " Presentation of Financial Statements " Events after the reporting period " Provisions, Contingent Liabilities and Contingent Assets " Fair value measurement " Revenue from contracts with customers