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Financial Accounting Fundamentals (FAF) cmaX

About This Course

Though Management Accounting is the central discipline of the management accountant, Financial Accounting too plays an important supportive role. Those embarking on a career in management accounting should also be conversant with different facets of Financial Accounting with emphasis on financial analysis and reporting. This is the first course unit in the financial accounting stream that lays the foundation for other course units offered at operational, managerial and strategic levels. The main aim of this course unit is to provide an understanding of accounting concepts and the accounting process encompassing preparation of financial statements of sole proprietorships, partnerships and not-for-profit organizations

Learning Outcomes

On successful completion of the course the students will be able to:

  • Identify and describe the principles and concepts of financial accounting
  • Illustrate the impact of business transactions on the accounting equation
  • Record transactions in books of accounts
  • Prepare financial statements of sole proprietorships, partnerships and not-for-profit organizations
  • Prepare financial statements using incomplete records
  • Your Instructors

    Isuru Nadeesha Manawadu
    B.Sc.Accounting(sp) USJP,ACA
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