• Appreciate and understand the general principles in the financial statements.
  
• Appreciate the elements in the financial statements particularly items in income Statement, Balance Sheet, Cash Flow Statements, Changes in Equity Statement and also understands the purpose of notes to the accounts.
  
• Appreciate the difference between the Management account and Annual Report purpose of notes the accounts.
  
• Appreciate the difference between the Management account and Annual Report
  
• Appreciate items in Balance Sheet items such as:-
  - Tangible assets
  - Long term liabilities
  - Intangible assets
  - Paid up capital
  - Current assets
  - Authorised capital
  - Current liabilities
  
• Appreciate items in Income statements such as:-
  - Revenue
  - Other expenses
  - Cost of good sold
  - Finance cost
  - Cross profit
  - Depreciation
  - Other expenses
  - Amortisation
  - Profit from operating activities
  - Net profit before tax
  - Other income
  - Net profit after tax
  
• Understanding cash flow statement items such as:-
  - Cash flow from operating activities
  - Net cash from investing activities
  - Net cash from financing activities
  
• Appreciate and understanding the basic skill in preparing the Financial statements particularly in
  - Income Statement
  - Cash Flow Statement
  - Balance Sheet
  - Change in Equity Statements
  
• Understand on the financial performance measurement from different perspective or interested party such as:-
  - Investor
  - Inland revenue
  - Shareholder
  - Loan provider
  - Management
  - Others
  
  

Executives and Managers