FINA 1190 Financial Accounting Principles

Introduction to financial reporting standards and the preparation of general purpose financial statements for external stakeholders.

About this course

FINA 1190 Financial Accounting Principles introduces you to the frameworks and standards that guide financial reporting. You will learn how organisations capture, process, and present financial information for external users such as investors, creditors, and regulators.

Through a mix of lectures, case studies, and hands-on exercises, you will practice preparing general purpose financial statements, including the balance sheet, income statement, and statement of cash flows. The course emphasises accuracy, clarity, and adherence to established reporting principles.

Who takes this course

This course is part of the Bachelor of Applied Business — Accounting program.

Credits: 3 · Hours: 45

Prerequisites

None

Learning outcomes

• Explain the role of financial reporting in decision-making for external stakeholders.
• Apply basic accounting principles and standards to record business transactions.
• Prepare general purpose financial statements including the balance sheet and income statement.
• Analyse the structure and content of financial reports to assess organisational performance.
• Communicate financial information clearly in written and visual formats.

Evaluation