Professional Documents
Culture Documents
Lecture 1,2
Lecture 1,2
Lecture 1,2
1
Financial Reporting And Analysis
Course Outlines
1. A conceptual and regulatory framework
2. Introduction to published accounts
3. Accounting concepts and policies
4. Tangible non-current assets
5. Intangible assets
6. Impairment of assets
2
Financial Reporting And Analysis
Course Outlines
7. Reporting financial performance
8. Leases
9. Substance over form
10. Financial assets and financial liabilities
11. Inventories and construction contracts
12. Provisions, contingent liabilities and
contingent assets
3
Financial Reporting And Analysis
Course Outlines
13. EPS
14. Interpretational of financial statements
15. Statement of cash flows
16. Principles of consolidated
17. FS Consolidated
18. SFP Consolidated IS
4
Financial Reporting And Analysis
Core areas of the syllabus
5
Financial Reporting And Analysis
Student’s Previous Knowledge
• Financial Accounting
• Management Accounting
6
Financial Reporting And Analysis
What I expect from you in this course?
9
Financial Reporting And Analysis
Meaning of the following accounting
concepts;
1. Going concern
2. Prudence
3. Materiality
4. Consistency
5. Accruals
10
Financial Reporting And Analysis
Going Concern
11
Financial Reporting And Analysis
Prudence
13
Financial Reporting And Analysis
• Information is material if its omission or
misstatement might reasonably be expected
to influence the economic decisions of users.
14
Financial Reporting And Analysis
Consistency
Items should be treated in the same way year
on year. This will enable valid comparisons to
be made. However, if circumstances change
then a business is allowed to change policies
to give a fairer representation of the financial
statements.
15
Financial Reporting And Analysis
Accruals / Matching
16