Do you think of Financial Statement formats, complex calculations, formulae and lots of numbers when you hear Financial Accounting? Most people do, but is that all there is to it?
Think of it this way - financial information (transactions, accounts, the stuff that happens every day etc.) is recorded and reported for management to make decisions and run the business on a daily basis.
To report to outside stakeholders, the information needs to be presented according to a specific set of rules/standards. For the sake of your studies, these standards will be IFRS.
IFRS requires accounts and transactions to be calculated and presented in a certain way, and in some cases, management’s information may be adjusted or presented differently from what they use for their daily purposes
Far from just being numbers and formats, IFRS is like a language, translating the information from what management uses, to what outside stakeholders require.
So, the good news is that IFRS doesn’t require super-intelligence, but rather understanding, practice and a consistent approach.
Our videos are great at simplifying all that you need to know, and our courses will give you all the knowledge and skills, as well as the exam technique you need for your exams. In our exam videos, we walk you through how to do exam-type questions, and help you with your communication skills and planning of answers, to ensure you’re totally prepared for your exams.
Via the discussion forums, you can engage with your fellow classmates and your lecturer will be available to answer questions, motivate you and check up on your progress.
Please note: These courses are designed to support the first semester of 2019 only. Purchase will give you access until the May/June examinations have been written.
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