FAC3704
FAC1502
PART A
THE BASIC PRINCIPLES AND
SPHERES OF ACCOUNTING
Financial Accounting I:
Financial Accounting
Concepts, Principles and
Procedures
1
, TOPIC A
THE BASIC CONCEPTS, PRINCIPLES
AND OBJECTIVES OF ACCOUNTING
Learning outcome
You should be able to describe, to calculate and to record the financial performance and
the financial position of a sole proprietor, using the basic accounting equation and the
double-entry system of accounting to record the various types of transactions.
.
2
, CONTENTS
Study units
THE BASIC CONCEPTS, PRINCIPLES AND OBJECTIVES
OF ACCOUNTING
THE FINANCIAL POSITION
THE FINANCIAL PERFORMANCE (RESULT)
4 THE DOUBLE-ENTRY SYSTEM AND THE ACCOUNTING PROCESS
3
FAC1502
PART A
THE BASIC PRINCIPLES AND
SPHERES OF ACCOUNTING
Financial Accounting I:
Financial Accounting
Concepts, Principles and
Procedures
1
, TOPIC A
THE BASIC CONCEPTS, PRINCIPLES
AND OBJECTIVES OF ACCOUNTING
Learning outcome
You should be able to describe, to calculate and to record the financial performance and
the financial position of a sole proprietor, using the basic accounting equation and the
double-entry system of accounting to record the various types of transactions.
.
2
, CONTENTS
Study units
THE BASIC CONCEPTS, PRINCIPLES AND OBJECTIVES
OF ACCOUNTING
THE FINANCIAL POSITION
THE FINANCIAL PERFORMANCE (RESULT)
4 THE DOUBLE-ENTRY SYSTEM AND THE ACCOUNTING PROCESS
3
