CPA- Intermediate Financial Reporting and Analysis

By Jacob Tuda Categories: CPA
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About Course

This paper is intended to equip the candidate with knowledge, skills and attitudes that will
enable him/her to account for more complex financial transactions and to prepare as well as
analyse financial statements in the private and public sectors.
A candidate who passes this paper should be able to:
 Account for various assets and liabilities
 Prepare financial statements including published financial statements for various types
of organisations
 Account for specialised transactions
 Prepare group financial statements
 Analyse and interpret financial statements
 Apply International Financial Reporting Standards (IFRSs) and International Public
Sector Accounting Standards (IPSASs) in preparing non-complex financial statements

Course Content

Accounting for Assets and Liabilities [Assets and liabilities as covered in Financial Accounting (Foundation Level) are also relevant here]


Accounting for Specialized Transactions
Revenue recognition (Basic application of revenue recognition principles to Hire Purchase, Consignment sales, construction contracts and joint arrangements) 2.2 Effects of changes in exchange rates (Only foreign currency denominated transactions) 2.3 Borrowing Costs

Preparation of Financial Statements for different entities/Transactions

Preparation of Published Financial Statements

Accounting and Financial Statements for Interests in Other Entities

Public Sector Accounting Standards

Public Sector Accounting Standards 6.1 Presentation of Financial Statemen

Analysing Financial Statements
Analysing financial statements using ratios covered in Financial Accounting 7.2 Analysing Financial Statements using common size approach for the statement of profit or loss and statement of financial position


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