Financial accounting principles concepts and procedures fac1502 pdf

Explain the meaning of the term generally accepted accounting principles gaap. Home fac 1502 financial accounting principles, concepts and procedures. Pretoria tshwane tuition offered by a chartered accountant for small groups of 4 or more. The first section is concepts and focuses on the overarching accounting concepts that require consistent reiteration throughout the course. Owner investments, owner withdrawals, net income, net loss. Topics in financial accounting and business accounting covered include generally accepted accounting principles gaap, financial statements such as the balance sheet and income statement, financial ratios, and. Explain the effect of various transactions on the accounting equation. With a clear understanding of the concepts, students are then ready to experience the second sectionaccounting applications. Fac1502 financial accounting principles, concepts and procedures at unisa. Book description isbn 9781626209534 32 pages this free ebook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organizations annual report and most internal monthly reports.

Fac1503 financial accounting principles for law practitionersfac 1503 assignment 2 first semester 2012. Financial accounting principles, concepts and procedures study group. Higher certificate,under graduate degree,diploma, semester module, nqf level. Fac1502 past papers 1 fac1502 past papers 2 fac1502 past papers 3 fac1502 unisa extra classes and study resources. Here is the best resource for homework help with fac 1502 at university of south africa.

Tutorial letter 201 fac1502 tutorial letter financial accounting. Basic accounting concepts and accounting standards. Application of principles of accounting and financial. Fac1502 financial accounting principles, concepts and procedures. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Accounting concepts, principles and policies financial. Summary notes for fac1502 fac1502 financial accounting. Our online classroom is open 247 and we offer top quality lecturer support and. Fac1502 financial accounting principles, concepts and procedures has 3336 members. Accounting concepts and accounting principles with examples financial accounting video is a discussion on what financial accounting is with a few more basic accounting concepts and accounting.

Describe the causes of change in owners equity, specifically. Financial accounting principles, concepts and procedures prescribed books for 2016 semester 2. Principles of accounting free ebook in pdf, kindle and. Tabaldi helps students pass their fac1502 exams with affordable, easytounderstand, bitesized video lectures. Fac 1502 october november 2017 memo fac1502 financial. Financial accounting principles, concepts and procedures fac1502. Basic accounting notes 17 accounting concepts accountancy in the previous lesson, you have studied the meaning and nature of business transactions and objectives of financial accounting. Each book, with cd, can be used independently according to each users needs. The pdf consist of the question paper mayjune paper 1 2017 as well as the solutions. Solved self evaluation exercises containing multiple choice questions, true or false, fill in the blanks have been added at the end of each chapter. International financial reporting standards ifrs and ias. This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Fac 1502 prescribed book fac1502 financial accounting.

Basic accounting concepts, principles, and procedures. Fac1502 financial accounting principles, concepts and procedures fac1503 financial accounting principles for law practitioners fac1601 financial accounting and reporting. Financial accounting principles, concepts and procedures fac1502 that forms the important foundation for unisa qualifications such as bcom degrees, and many more qualifications. Fac1502 financial accounting concepts principles and. General accepted accounting principles generally accepted accounting principles, or gaap as they are more commonly known, are rules for the preparation of financial statements. Fac1502 financial accounting concepts, principles and procedures 15 videos play all.

Fac150220112015 tutorial letter 20112015 financial accounting concepts, principles and procedures fac1502 semester 1 department of financial. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, quick tests, and other features of. Fac1502 exam 2nd semester 2011 page 1 of 6 internal exam fac1502 accounting concepts, principles and procedures date. Accounting concepts and accounting principles with. Fac1502 financial accounting principles, concepts and procedures has 3,116 members. Fac 1502 financial accounting principles, concepts and. Providing the reports and financial statements to people who are interested in the information, such as the businesss decision makers, investors, creditors, and. Fac1502 financial accounting principles, concepts and. Examining the statements to determine how the various pieces of information they contain relate to each other. Cpb developed the application of principles of accounting and financial reporting to public telecommunications entities the principles to provide guidance on accounting and reporting for public broadcasting entities. There are working out and detailed working out of the exam questions in 2017. To equip students with the fundamental concepts, standards and principles of financial accounting and to provide an informed understanding of the collection, processing and recording of relevant financial.

Chapter two sets forth the guiding principles, detailing the relevant concepts and conventions of. Fac study guide financial accounting principles fac1502. A wide variety of users are interested in the financial statements of public broadcasting entities. Financial accounting principles, concepts and procedures study group semester 1. We would like to welcome you as a student to module i fac1502 of the accounting i course. This document contains recent past papers with the memos and on sheet explanations on how the answers are determined. The books are built on a researchbased instructional design that improves clarity, learning. The pdf consist of the question paper mayjune paper 1 2017 as well as. The solutions are colour coded making it easy to understand when the values are carried to contra accounts. Fac1502 background to fac1502 how should i study for.

In order to maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. This module is the most important module in finance and accounting courses by far. Financial accounting principles, concepts and procedures. Fac150210232018 tutorial letter 10232018 financial accounting concepts. Find fac1502 study guides, notes, assignments, and much more. Financial accounting principles fac1502 uploaded by. Review the principles and understand accounting and master the subject. Study notes for fac1502 at university of south africa unisa stuvia. Fac1502 october november 2018 examination solutions.

The key purpose of designing this accounting policies and procedures manual is to. Financial accounting concepts, principles and procedures fac1502. Fac1502 financial accounting principles concepts and. To equip students with the fundamental concepts, standards and principles of financial accounting and to provide an informed understanding of the collection, processing and recording of relevant financial accounting data of an entity. This is the first module of a series of modules presented by the department of financial accounting at unisa. Summary of 92 pages for the course fac1502 financial accounting principles, concepts and procedures at unisa fac1502 notes. The title of this module is accounting concepts, principles and procedures. Find more study material on our fac1502 overview page. Financial accounting fac 2602 selected accounting standards and simple group structures. Basic accounting concepts n matching n revenues and expenses shown on the income statement must be matched for the period. Financial accountingprinciples and practices by jawahar lal. Fac1503 financial accounting principles for law practitioners location.