1. Financial accounting with IFRS - Chapter 1: Introduction to financial accounting

Overview - What will you learn? Overview diagram of Business, Accounting for transactions, Financial Accounting vs. Management Accounting, Financial Statements, and Types of Business Definitions of Financial Accounting and Financial Reporting, along with the 4-step Record to Report (R2R) process Comparison table between Financial Accounting and Management Accounting across 7 criteria. List of 5 main financial statements. Definition of SOFP and its 3 components: Assets, Equity, Liabilities. Sample Statement of Financial Position as at 31 December 20X3. Definition of SOCI/SOPLOCI and its 2 components: Income & Expenses. Sample SOCI for the year ended 31 December 20Y2 Definition of SOCF and 3 activity classifications: Operating, Investing, Financing. Definition and sample table of SOCIE for the year ended 31 December 20Y2 Notes to Financial Statements