1.2: Preparation of Financial Statements for ICT Firms

Financial Analysis revised

Page 44 of 54 pages. Chapter: 6: Module 1.2: Preparation of Financial Statements for ICT Firms

Module 1.2: Preparation of Financial Statements for ICT Firms

Chapter Learning Objectives

Understand financial reporting for internal and external users.
Appreciate how financial statements are prepared and what policy and regulatory issues affect the type of financial results produced.

Chapter Learning Outcomes
At the end of this chapter, the learner will have knowledge on the financial reporting required for the internal and external users and how policy and regulatory issues affect the numbers presented in financial statements. The students will learn how the financial statements are prepared and what constitutes the financial statements.
Important things to note in this chapter are that the regulators should have at least a basic knowledge on how the financial statements are prepared by the companies. This is important since financial statements can have different forms depending upon who is using the financial statements. Policy and regulations do affect the results presented in financial statements.

Session to be Covered
Session 1: Preparation of the Income Statement, Balance sheet and Cash flow statements.