ACCA tasks and goals
• understand and explain the structure of international professional and conceptual framework of accounting; • apply appropriate accounting standards for key elements of accountability; • know and be able to apply requirements for disclosure of information in financial statements and notes thereto; • be able to prepare financial statements of individual companies and address key elements in accordance with International Financial Reporting Standards and their interpretations; • prepare financial statements (except for consolidated statements of cash flow), including subsidiaries, associates and joint ventures;
ACCA - DipIFR (Diploma in International Financial Reporting)
The examines documents which support figures within the financial statements, assesses the overall accounting principles used, and evaluates the overall financial statement presentation. A qualified opinion indicates that the CPA is not in agreement with aspects of the financial statements and/or methods used to prepare their financial documents.
