FFATextbook Syllabus

The scope and purpose of FS for external reporting

Users’ and stakeholders’ needs

The main elements of financial reports

The regulatory framework

Duties and responsibilities of those charged with governance

The qualitative characteristics of financial information

Double-entry book-keeping principles

Ledger accounts, books of prime entry and journals

Sales and purchases

Cash

Inventory

Tangible non-current assets

Depreciation

Intangible non-current assets and amortisation

Accruals and prepayments

Receivables and payables

Provisions and contingencies

Capital structure and finance costs

Trial balance

Correction of errors

Control accounts and reconciliations

Bank reconciliations

Suspense accounts

Statements of financial position

Statements of profit or loss and other comprehensive income

Disclosure notes

Events after the reporting period

Statements of cash flows (excluding partnerships)

Incomplete records

Subsidiaries

Associates

Importance and purpose of analysis of financial statements

Ratios