FAC1602 Elementary Financial Accounting and Reporting (FAC1602)

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FAC1602 Exam Pack 2024

FAC1602 EXAM PACK 2023

FAC1602 EXAM PACK 2023

FAC1602 EXAM PACK 2023

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Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

FAC1602 Assignment 5 Semester 2 2022 FAC1602 Assignment 5 Semester 2 2022

Fac1602 ELEMENTRY FINANCIAL ACCOUNTING AND REPORTING 3. Module objective of FAC1602 The main objective of this module is to teach you certain aspects of financial accounting and reporting so that you are able to do the following: • Discuss specified aspects of the Conceptual Framework for the preparation and presentation of financial statements. • Understand and apply the concept of International Financial Reporting Standards (IFRS). • Prepare the financial statements for sole propr...

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