Subject 1 Fundamentals of financial accounting

Goal

To provide knowledge and skills in the field of accounting that enable՝

register economic transactions using the double registration method,
prepare annual financial statements of organizations in accordance with IFRS,
analyze financial statements:

Content

FUNDAMENTALS OF ACCOUNTING

Types of entrepreneurial activity
Foundation for International Financial Reporting Standards (FHMSH)
Principles of Financial Reporting Preparation
Accounting accounts and double registration

APPROACHES TO ACCOUNTING OF ACCOUNTING ITEMS

Non-current assets
Current assets
Non-current liabilities
Current liabilities
Equity capital
Contingent liabilities, contingent assets and events after the reporting period

FINANCIAL STATEMENTS. Introduction

The purpose of the financial statements, the users of the financial statements and the information they need;

Main characteristics of financial statements
Preparation of financial statements
Preparation of simple consolidated financial statements

INTERPRETATION AND ANALYSIS OF FINANCIAL STATEMENTS

Financial ratios, their interpretation and analysis

REGISTRATION OF ACCOUNTING OPERATIONS

Documentation and registration of transactions

Evaluation method

Candidates must pass an exam consisting of multiple choice questions (maximum 50% points) and practical questions:

The exam is considered passed if the participant scored 50 or more points out of 100 possible points: