FA-1 Fundamental Concepts of Financial Accounting Valid Up to 31 August 2025.
Fundamental Concepts of Financial Accoounting Focus Points:
Accounting, Cash Basis of Accounting and Accrual Basis of Accounting, Assets, Current Assets, Non Current Assets, Liabilities, Current Liabilities, Non Current Liabilities, Revenue, Direct Revenue, Indirect Revenue, Expenses, Direct Expenses, Indirect Expenses, Capital, Effects of Debit/Credit, Cash Book, Sales Day Book, Sales Day Book, Purchase Day Book, Petty Cash Book, Journal, Ledger, Voucher (Cash Basis), accounting equation, Capital and Equity, Drawings and Interest on Drawings, Income Statement (Profit & Loss Statement), Balance Sheet (Statement of Financial Position), Debtors, Creditors, Revenue Expenditure, Capital Expenditure, Prepaid Expenses and Accrued Expenses, Prepaid Income and Accrued Income, Depreciation and Accumulated Depreciation, Cash Flow, Separate Entity Concept, Matching Concept, Accounting and Accountancy, IFRS (International Financial Reporting Standards).
