Financial Accounting

Basic framework - the role and context of accounting, accounting and decision making, the regulation of financial reporting; the conventional accounting model of the organisation - the transformation process and financial statements, financial statements and the accounting equation, fixed and intangible assets, stock, sources of finance, double entry bookkeeping, interpretation of accounts - ratio analysis, cash flow statements; limitations of the conventional model - problems with the conventional accounting model, accounting for prices, evaluation of alternative accounting methods; advance issues - conceptual frameworks and international harmonisation, introducing accounting for groups, intangibles revisited, summary review.