Preparatory Course for Singapore Chartered Accountant Qualification - Foundation Programme – Principles of Financial Reporting by LSBF

The Principles of Financial Reporting module provides candidates with knowledge of the Conceptual Framework and the Singapore Financial Reporting Standards (SFRS) to produce a complete set of financial statements for single entities, including basic notes to the accounts. Candidates will also be able to explain and advise on the application fo the SFRS, demonstrating appropriate professional judgment. The Principles of Financial Reporting module provides foundation accounting knowledge for the Advanced Financial Reporting module and the Assurance module.

• Understand the components of the Conceptual Framework
• Assess the relevance and importance of ethics and professionalism in complying with accounting standards and position the body of knowledge within the wider legal framework in Singapore
• Apply the appropriate measurement and recognition criteria for the elements of the financial statements.
• Prepare a complete set of financial statements, including basic notes to the accounts, for a retail entity, a service entity, and a manufacturing entity.