Brief Course Description
1. Course Title:
ICAEW CFAB-Accounting
2. Language of Instruction:
Tiếng Anh
3. Course Code:
ACC507225
4. Credits:
3
5. Course Objectives:
The course "ICAEW_Financial Accounting 2 (ICAEW CFAB - Accounting)" aims to equip learners with knowledge and skills as a continuation of "Financial Accounting 1," helping them identify and evaluate the impact of errors on business performance results and make the necessary adjustments. Learners will be introduced to the fundamental elements of financial statements and guided on preparing basic financial statements, including the statement of financial position, income statement, statement of changes in equity, and cash flow statement using both the direct and indirect methods. In addition, the course provides fundamental requirements of several international accounting standards, such as the presentation of financial statements (IAS 1), revenue from contracts with customers (IFRS 15), and cash flow statements (IAS 7), aiming to help learners understand and apply these standards in the practice of financial reporting.
6. Brief Description of Course Content:
This course follows Financial Accounting 1, aiming to provide learners with the knowledge to identify and assess the impacts of errors on business performance and to correct errors. This course will introduce the basic elements of financial statements and guide learners in preparing simple financial statements, including the statement of financial position, the statement of profit or loss, the statement of changes in equity, and the cash flow statement using both the direct and indirect methods. Additionally, the basic requirements of certain accounting standards will also be introduced in the course content, including the standards on the presentation of financial statements (IAS 1), revenue from contracts with customers (IFRS 15), and the cash flow statement (IAS 7).