Financial Accounting and Reporting 1

UNIVERSITI KUALA LUMPUR
Financial Accounting
& Reporting 1
Building the foundation of financial reporting
FAR 1
START YOUR JOURNEY

Welcome to FAR 1

Your journey into the world of financial accounting begins here.

This course introduces students to the conceptual framework for financial reporting as a basis for understanding financial statements, their concepts and elements.

You will also develop an understanding of the double-entry system and accounting principles used to record transactions, make adjustments and prepare financial statements.

COURSE HIGHLIGHTS

What Will You Learn?

By the end of this course, you will be familiar with the fundamental building blocks of financial accounting.

01
Accounting Fundamentals
Understand accounting concepts, the accounting equation and the double-entry system.
02
Recording Transactions
Learn how business transactions are recorded and summarised in the accounting system.
03
Adjustments & Financial Statements
Develop the skills to make adjustments and prepare basic financial statements.
04
Financial Reporting Concepts
Explore the principles and concepts that support useful financial information.
YOUR INSTRUCTOR

Let's Learn Together

Throughout this course, you will be guided step-by-step through the fundamental concepts and practical skills needed to understand financial accounting.

YOUR LEARNING JOURNEY

Learn. Practise. Apply.

Take your time, explore the learning materials and practise what you have learned. Each topic is designed to help you build your accounting knowledge step by step.

Learn
Explore the concepts and learning materials.
Practise
Test your understanding through exercises and activities.
Reflect
Check your progress and identify areas for improvement.
Apply
Apply your accounting knowledge to practical situations.
READY?

Start Your FAR 1 Journey

Explore the course materials, activities and learning resources available in UniKL Flex.

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Universiti Kuala Lumpur Business School
Financial Accounting & Reporting 1 (FAR 1)
Skill Level: Beginner