PURPOSE OF COURSE
course provides quantitative information, primarily financial in nature, about
economic entities that is intended to be useful in making economic decisions.
It also introduces standards that accountants use for guidance in the conduct
of their professional activities which are profession’s ultimate foundation.
These standards are the bedrock upon which the profession’s service to society
rests and upon which its public image and public trust are built. They are the
defining criteria that ensure quality in the services that accountants render.
These standards will help to enhance the professional ethical standards of
students at the end of this course.
the end of the course unit students should be able to;
the element of financial statements.
financial statements and accounting records for business organisations.
ratios and explain their use in the interpretation of accounting information.
Apply the requirements of International
Financial Reporting Standards(IFRSs)