Level 4 Unit - Financial Accounting 1

The aim of this unit is to develop the financial reporting skills of those who manage or seek to manage the day to day finances and financial needs of small and medium enterprises (SMEs) and small and medium practices (SMPs). The unit will develop the ability to prepare financialstatements according to the International Accounting Standard for Smalland Medium-Sized entities (IFRS for SMEs) and to interpret financialstatements prepared according to that standard.