Accounting program integrated professional certificates (ACCA)

1. Course Title:

ACCA_Financial reporting 1 (ACCA-F7)

2. Language of Instruction:

Tiếng Anh

3. Course Code:

ACC507239

4. Credits:

3

5. Course Objectives:

The objective of the course ""ACCA_Financial Reporting 1 (ACCA-F7)"" is to equip students with the knowledge and skills to understand and apply IFRS Standards and the conceptual framework in preparing financial statements for entities, including groups, as well as to develop the ability to analyze and interpret those financial statements. Students will gain a solid understanding of the Conceptual Framework for Financial Reporting, focusing on the qualitative characteristics of useful information and the fundamental accounting principles introduced in the ""ACCA_Financial Accounting 1, 2 (ACCA-F3)"" courses. The course aims to provide students with a clear understanding of the legal framework of accounting and the process of standard-setting, enabling them to apply this knowledge in preparing financial reports for single entities and groups, in accordance with generally accepted accounting principles (GAAP) and relevant IFRS Standards. Additionally, the course seeks to enhance students' ability to analyze and interpret financial information, allowing them to comprehensively assess an entity’s performance and financial position.

6. Brief Description of Course Content:

The aim of the course is to develop knowledge and skills in understanding and applying IFRS Standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements.

The course begins with the Conceptual Framework for Financial Reporting with reference to the qualitative characteristics of useful information and the fundamental bases of accounting introduced in the Financial Accounting (FA) course within the Knowledge module. It then moves into a detailed examination of the regulatory framework of accounting and how this informs the standard setting process.

The course covers the reporting of financial information for single companies and for groups in accordance with generally accepted accounting principles and relevant IFRS Standards.

The course also covers the analysis and interpretation of information from financial statements.