Introduction to Financial Statements

1. Who is Leonardo da Vinci?
2. Definition of Accounting
3. Four stages of accounting
4. Differentiate between accounting and bookkeeping
5. Cost Accounting vs Financial Accounting
6. Reporting of accounting information 
7. Function of Financial Statements
8. Objective of financial statements
9. Users of financial statements
10. Components of Financial Statements
11. Elements of Financial Statements
12. Account classification Exercise
13. Accounting equation
14. The DC ADEP LERS
15. Form of business entities and different reporting requirements
16. Underlying Assumptions on Preparation of Financial Statements
17. Qualitative Characteristics of Financial Statements
18. Statements of Profit or Loss (SOPL)
19. Statements of Financial Position (SOFP)