This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to prepare financial statements for various entities and account for specialised transactions in both the public and private sectors.
A candidate who passes this paper should be able to:
Account for various assets and liabilities
Prepare financial statements including published financial statements for various types of organisations
Account for specialised transactions
Prepare group financial statements
Analyze and interpret financial statements
Apply International Financial Reporting Standards (IFRSs) and International Public Sector Accounting Standards (IPSASs) in preparing non-complex financial statements.