What you'll learn
Draft the Statement of profit or loss and other comprehensive income (Income Statement) of Companies according to requirements of the companies Act
Record the Statement of financial position (Balance Sheet) of Close Corporation and list important Notes
Prepare the Statement of cash flow and show notes pertaining to Cash flow statement
Draw up Non profit organizations Membership fees account, Income and Expenditure account and Trading account
Prepare Partnerships Profit and loss account and Appropriation account
Description
This course will assist you in understanding Financial Accounting I level Exam paper topics. It will give you an insight to previous Exam question paper layout and what is typically asked and how to answer the required section. Together we will get rid of exam anxiety and stress!!
Master and Understand Previous University Exam Paper for Financial Accountng I
Learn how to efficiently work through Tertiary Exam question paper to be able to understand and calculate additional information and adjustments.
Recognised what is expected and required from you and how to give correct answers.
Work thouroughly through the memorandum and explain and understand every aspect of the solution
Topics that are covered in this course will be: Companies, Close Corporations, Cash flow statement, Non profit organisations and Partnership
I have created this course for students that need to pass Financial Accountng I (First year level for Tertiary education).
We'll learn about different entities and business's Financial Statements and Accounts.
I'll make it easy for you to be able to draw up the Statment of profit or loss and other comprehensive income (Income Statement) of Companies.
You'll be able to draft the Satement of financial position (Balance sheet) of a Close corporation.
I'll explain in detail the layout of the Cash flow statement.
You'll be able to complete important Ledger accounts applicable to Non profit organisations and Partnerships.
Here is exactly what we will cover
I've designed this Financial Accounting I course to be easily understood, as you'll be able to work through previous Financial Accountng I exam papers with the instructor.
In this course we'll work together to solve previous exam paper questions and I'll explain the memorandum step by step.
With the given attached Exam paper and alongside the instructor, you'll be able to draft the Statement of profit or loss and other comprehensive income (Income statement) of a Company according to the Companies Act, as well as, calculations on the Issue of shares, Dividends and show the Satement of changes in equity.
I'll also cover the recording of the Statement of financial position (Balance sheet) of a Close corporation and show notes like: Members contribution, Loan from members, Transaction with members and Members net investment statement.
In this course we'll fixed that problem of understanding the topic of the Cash flow statement and we'll draw up a Cash flow statement together.
Have you ever tried to understand the topic of Non profit organisation, I'll show you how to easily draw up the Trading account, Membership fees account, Income and Expenditure account and more.
We'll learn about Partnership as an entity and I'll demonstrate how to prepare the partnership's Profit and loss account, as well as, the Appropriation account.
On completion of this course you'll benefit greatly on writing your own Financial Accounting I Exam paper (first year tertiary level) and increasing your chance of passing this subject.
Who this course is for
Financial Accounting I for Tertiary level or High school learners
Requirements
You'll need to have knowledge of the basic fundamental and introduction principles of Financial Accounting
Homepage

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