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ACCA FA · Applied Knowledge

G. Preparing financial statements

This section walks you through constructing basic income statements and balance sheets for sole traders and limited companies. You'll apply prior knowledge of ledgers and adjustments to prepare complete and coherent reports.

  • 24 lessons
  • 6 modules
  • 2.6h of video
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The lessons

24 lessons, module by module.

Corporate income tax

2 lessons
  1. 1 Background 3m
  2. 2 Recording corporate income tax 11m

Events after the reporting period

4 lessons
  1. 1 Fundamental concept 3m
  2. 2 Non-adjusting events 3m
  3. 3 Adjusting events 5m
  4. 4 Dividends 5m

Preparing financial statements

5 lessons
  1. 1 Main financial statements 3m
  2. 2 SOPL and OCI 10m
  3. 3 SOFP and SOCIE 8m
  4. 4 Adjustments 6m
  5. 5 Illustration 14m

Disclosure notes

2 lessons
  1. 1 Purpose of disclosure notes 2m
  2. 2 Examinable disclosures 9m

Statement of cash flows

6 lessons
  1. 1 Cash flow basics 2m
  2. 2 Statement of cash flows 2m
  3. 3 Operating activities 13m
  4. 4 Investing activities 6m
  5. 5 Financing activities 8m
  6. 6 Illustration 12m

Incomplete records

5 lessons
  1. 1 Incomplete records 1m
  2. 2 Accounting equation 7m
  3. 3 Ledger accounts 13m
  4. 4 Bank and cash statements 2m
  5. 5 Profit percentages 8m

Questions

About G. Preparing financial statements.

What does the G. Preparing financial statements section cover?

This section walks you through constructing basic income statements and balance sheets for sole traders and limited companies. You'll apply prior knowledge of ledgers and adjustments to prepare complete and coherent reports.

How much video is in this section?

G. Preparing financial statements has 24 video lessons, about 2.6 hours in total. Work through them at your own pace, with lifetime access.

Is this section included in the Financial Accounting exam?

Yes. The content in this section is assessed in the Financial Accounting ACCA exam.

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