To explain the context and purpose of financial reporting

To define the qualitative characteristics of financial information and the fundamental bases of  accounting

To demonstrate the use of double-entry and accounting systems.

To record transactions and events.

To apply accounting principles to the solution of relevant problems.

Upon completion of this course students will be able to:

1. Understand the context and purpose of financial Reporting with the use of regulatory framework.

2. Identify the accounting fundamentals and its characteristics.

3. Develop an ability to correctly use the double entry and accounting systems.

4. Introduce the basic principles of recording transactions and events.

5. Prepare accounts in clear metrological manner.

6. Adopt and apply accounting principles.