Understand International Financial Statements


Description:
The package teaches the nature, purpose and scope of an external audit. It refers to the concept and importance of internal controls and specifically mentions internal audit. Throughout the materials, references are made to International Auditing Standards.


Contents:

  • Introduction to financial accounting
  • Double entry bookkeeping
  • The books of prime entry and flow of information
  • Accruals, prepayments, fixed assets, bad debts and stock adjustments
  • Control accounts and bank reconciliations
  • Stock valuation
  • Partnerships
  • Limited company financial statements
  • Incomplete records
  • VAT
  • Suspense accounts
  • Cash flow statements and income and expenditure accounts
  • Interpreting company accounts
  • The regulatory framework
  • Acquisition accounting

Estimated interactive learning hours: 25


For more information on this software package, please call +44 (0) 1506 472255 or email lmsupport@bpp.com