Financial Reporting Standards (FABL1)

8.InventoryThe videos include knowledge on below areas,● Cost of goods sold● Accounting for opening and closing inventories● Counting inventories● Valuing inventories● LKAS 2 Inventories 9.Tangible non-current assetsThe videos include knowledge on below areas,● Capital and revenue expenditure● Depreciation accounting● Depreciation: the mechanics● Revaluation of non-current […]

Financial Statements Analysis (FABL1)

24.Interpretation of financial statementsThe videos include knowledge on below areas, ● Information required by users● The broad categories of ratios● Profitability and return● Liquidity, working capital and solvency● Investor ratios● Interpreting information● Interpretation of financial statements: practice question● Limitations of ratio analysis● Information required by […]

Financial Reporting (FABL1)

16. Preparation of financial statements for sole proprietorsThe videos include knowledge on below areas,● Preparation of final accounts● Manufacturing accounts 17. Incomplete recordsThe videos include knowledge on below areas,● Incomplete records questions● The opening position● Credit sales and trade receivables● Purchases and trade payables● Establishing […]

Accounting Systems & Functions (FABL1)

5. Source documents and financial recordsThe videos include knowledge on below areas,● Importance of maintaining financial records● The role of source documents● The need for books of prime entry● Sales and purchase day books● Cash book● Petty cash 6. Double entry bookkeeping and ledger accountingThe […]

Conceptual Framework for Financial Reporting (FABL1)

2. Financial statements The videos include knowledge on below areas, The main elements of financial statements 3. The objectives of financial information The videos include knowledge on below areas, Objectives of financial statements Users’ and stakeholders’ financial information needs Limitations of financial information External environmental […]