Accounting and reporting concepts: the purpose of accounting regulations, standards and other requirements- the objectives of financial statements, giving appropriate examples- the qualitative characteristics of financial information- financial effects of transactions in accordance with the IASB Framework.
Preparation of single entity financial statements: statutory financial statements- policies and appropriate to financial reporting standards- International Public Sector Accounting Standards.
Preparation of consolidated financial statements: prepare and present consolidated financial statements- consolidated financial statements of an entity- subsidiary or associate of an entity according to financial reporting framework- continuing and discontinuing interests in subsidiaries and associates- present the consolidated financial statements.
Questions and Answer Section:
- What is Bin Card and Store Ledger? Write three reasons of discrepancy between Bin Card Balance and Store Ledger Balance.