Preparing financial statements and basic consolidated financial statements are in two sections in Financial Accounting (FA) / FFA Syllabus, they covers the following items:
1. Statements of financial position
2. Statements of profit or loss and other comprehensive income
3. Statements of cash flows
4. Disclosure notes, events after the reporting period and incomplete records
5. Consolidated financial statements including subsidiaries and associates
Questions relevant to Preparing financial statements are covered in the test below. It is expected to spend approximately 20 minutes to complete.
Questions relevant to Basic consolidated financial statements are covered in the test below. It is expected to spend approximately 20 minutes to complete.