Accounting for Managers 1
Unit 1 Introduction to Financial Accounting
After reading this unit, you will be able to:
Explain succinctly financial accounting concepts
Elucidate on different principles of financial accounting
Explicate the importance and scope of financial accounting
Understand Generally Accepted Accounting Principles(GAAP)
Identify limitations of Financial Accounting
Time Required to Complete the unit
Reading: It will need 3 Hrs for reading a unit2.
Reading with understanding: It will need 4 Hrs for reading and understanding aunit3.
Self Assessment: It will need 3 Hrs for reading and understanding a unit4.
Assignment: It will need 2 Hrs for completing an assignment5.
Revision and Further Reading: It is a continuous process
1.1 Introduction1.2 Role of Financial Accounting1.3 Principles of Financial Accounting1.4 Importance of Financial Accounting1.5 Benefits of Financial Accounting1.6 Limitations of Financial Accounting