a) Recognise how the accounting equation, accounting treatments (as stipulated within sections D, E and examinable documents) and business entity convention underlie the statement of financial position.
b) Understand the nature of reserves.
c) Identify and report reserves in a company statement of financial position.
d) Prepare a statement of financial position or extracts as applicable from given information using accounting treatments as stipulated within sections D, E and examinable documents.
e) Understand why the heading retained earnings appears in a company statement of financial position.
a) Explain the purpose of disclosure notes
b) Draft the following disclosure notes
i) Non current assets including tangible and intangible assets
iii) Events after the reporting period