Drafting and Interpreting Financial StatementsThis unit is concerned with the drafting, analysis and interpretation of financial statements of limited companies. Drafting and Interpreting Financial Statements is a mandatory unit. It builds on the skills and knowledge acquired in the two Level 2 units, Introduction to Bookkeeping and Principles of Bookkeeping Controls, and the Level 3 unit Financial Accounting: Preparing Financial Statements. Drafting and Interpreting Financial Statements is a

sales and general ledgers

interpreting and reporting management accounting data

prepare and present financial statements from accounting data for single entities

businesses and companies

including the main elements and types of control in the business organisation and the role and importance of management information in the control process

F2 covers how to source long-term funds to finance capital investment projects

A Financing Capital Projects

Explain and discuss the law regulating contracts

describe the principal differences between UK GAAP and IFRS Standards and prepare simple extracts from financial statements in accordance with IFRS Standards

Prepare accounting records from incomplete information

control and evaluation of the performance of an organisation

A Accounting Principles