Drafting Financial Statements (GBR)

Subject Contents:
General framework; Preparing financial statements; Cash flow statements; Interpretation of financial statements; Consolidated accounts

Objectives:
On completion of this paper, students will be able to:

• draft partnership and limited company financial statements to comply with relevant legislation and accounting standards
• correctly identify and implement adjustments, referring any issues and unresolved discrepancies to an appropriate person
• understand the importance of an organisation’s procedures and policies, including confidentiality procedures
• prepare and interpret a limited company cash flow statement
• identify the general purpose of limited company financial statements
• identify the elements of limited company financial statements and the relationship between them
• interpret the relationship between the elements of financial statements using ratio analysis drawing valid conclusions and presenting interpretations and conclusions to the appropriate people.