Summary Notes for the whole year

Financial Accounting 3 is an advanced accounting course that develops students’ ability to apply International Financial Reporting Standards (IFRS) to complex financial reporting situations. The course focuses on the recognition, measurement, presentation, and disclosure of financial information in accordance with applicable accounting standards. Students learn how to account for areas such as financial instruments, income taxes, leases, revenue, business combinations, consolidated financial statements, employee benefits, and earnings per share. Emphasis is placed on developing analytical and problem-solving skills through the preparation and interpretation of financial statements, journal entries, and accounting calculations. The course equips students with the technical knowledge and practical skills required for professional accounting practice and further studies in accounting.