Topics in financial accounting and business accounting covered include generally accepted accounting principles gaap, financial statements such as the balance sheet and income statement, financial ratios, and. Describe the causes of change in owners equity, specifically. This module is the most important module in finance and accounting courses by far. Owner investments, owner withdrawals, net income, net loss. To enable students to prepare the statement of profit or loss and other comprehensive income, the. Find fac1502 study guides, notes, assignments, and much more. Tutorial letter 201 fac1502 tutorial letter financial accounting. Accounting concepts and accounting principles with. Application of principles of accounting and financial. Fac1503 financial accounting principles for law practitionersfac 1503 assignment 2 first semester 2012. Here is the best resource for homework help with fac 1502 at university of south africa. Home fac 1502 financial accounting principles, concepts and procedures. The solutions are colour coded making it easy to understand when the values are carried to contra accounts.
Basic accounting concepts and accounting standards. Basic accounting concepts, principles, and procedures. Examining the statements to determine how the various pieces of information they contain relate to each other. Fac 1502 october november 2017 memo fac1502 financial. Fac1502 financial accounting principles concepts and. General accepted accounting principles generally accepted accounting principles, or gaap as they are more commonly known, are rules for the preparation of financial statements. With a clear understanding of the concepts, students are then ready to experience the second sectionaccounting applications. Fac1502 financial accounting concepts principles and.
Financial accounting principles, concepts and procedures study group. Fac150220112015 tutorial letter 20112015 financial accounting concepts, principles and procedures fac1502 semester 1 department of financial. Find more study material on our fac1502 overview page. Fac1502 financial accounting principles, concepts and procedures has 3,116 members. Financial accounting principles, concepts and procedures.
Accounting concepts, principles and policies financial. Each book, with cd, can be used independently according to each users needs. Cpb developed the application of principles of accounting and financial reporting to public telecommunications entities the principles to provide guidance on accounting and reporting for public broadcasting entities. We would like to welcome you as a student to module i fac1502 of the accounting i course. Basic accounting concepts n matching n revenues and expenses shown on the income statement must be matched for the period. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Study notes for fac1502 at university of south africa unisa stuvia. Our online classroom is open 247 and we offer top quality lecturer support and. Fac study guide financial accounting principles fac1502. Fac 1502 financial accounting principles, concepts and procedures. Fac150210232018 tutorial letter 10232018 financial accounting concepts.
Financial accounting principles, concepts and procedures fac1502. The books are built on a researchbased instructional design that improves clarity, learning. Fac1502 background to fac1502 how should i study for. Financial accountingprinciples and practices by jawahar lal. Fac 1502 prescribed book fac1502 financial accounting. This is the first module of a series of modules presented by the department of financial accounting at unisa. Providing the reports and financial statements to people who are interested in the information, such as the businesss decision makers, investors, creditors, and. Tabaldi helps students pass their fac1502 exams with affordable, easytounderstand, bitesized video lectures.
Financial accounting principles, concepts and procedures prescribed books for 2016 semester 2. Chapter two sets forth the guiding principles, detailing the relevant concepts and conventions of. This document contains recent past papers with the memos and on sheet explanations on how the answers are determined. To equip students with the fundamental concepts, standards and principles of financial accounting and to provide an informed understanding of the collection, processing and recording of relevant financial accounting data of an entity. Financial accounting principles, concepts and procedures fac1502 that forms the important foundation for unisa qualifications such as bcom degrees, and many more qualifications. Every publicly traded company must release their financial statements each year.
The key purpose of designing this accounting policies and procedures manual is to. Fac1502 financial accounting principles, concepts and. The pdf consist of the question paper mayjune paper 1 2017 as well as the solutions. Financial accounting fac 2602 selected accounting standards and simple group structures. Financial accounting principles, concepts and procedures study group semester 1. A wide variety of users are interested in the financial statements of public broadcasting entities. Basic accounting notes 17 accounting concepts accountancy in the previous lesson, you have studied the meaning and nature of business transactions and objectives of financial accounting. Summary of 92 pages for the course fac1502 financial accounting principles, concepts and procedures at unisa fac1502 notes. Fac1502 past papers 1 fac1502 past papers 2 fac1502 past papers 3 fac1502 unisa extra classes and study resources.
Book description isbn 9781626209534 32 pages this free ebook explains all of the basic accounting concepts and terminology you will need to understand the three primary financial statements that appear in every organizations annual report and most internal monthly reports. Review the principles and understand accounting and master the subject. Solved self evaluation exercises containing multiple choice questions, true or false, fill in the blanks have been added at the end of each chapter. Fac1502 exam 2nd semester 2011 page 1 of 6 internal exam fac1502 accounting concepts, principles and procedures date. Fac1503 financial accounting principles for law practitioners location. Basic calculations, where necessary, must be shown. Summary notes for fac1502 fac1502 financial accounting.
Fac 1502 financial accounting principles, concepts and. This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. The title of this module is accounting concepts, principles and procedures. Principles of accounting free ebook in pdf, kindle and. Pretoria tshwane tuition offered by a chartered accountant for small groups of 4 or more. Fac1502 october november 2018 examination solutions. Explain the meaning of the term generally accepted accounting principles gaap. The first section is concepts and focuses on the overarching accounting concepts that require consistent reiteration throughout the course. Financial accounting principles fac1502 uploaded by. Explain the effect of various transactions on the accounting equation. Higher certificate,under graduate degree,diploma, semester module, nqf level. Fac1502 financial accounting principles, concepts and procedures fac1503 financial accounting principles for law practitioners fac1601 financial accounting and reporting. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, quick tests, and other features of.
To equip students with the fundamental concepts, standards and principles of financial accounting and to provide an informed understanding of the collection, processing and recording of relevant financial. In order to maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. Fac1502 financial accounting principles, concepts and procedures has 3336 members. There are working out and detailed working out of the exam questions in 2017. Financial accounting concepts, principles and procedures fac1502. International financial reporting standards ifrs and ias. The pdf consist of the question paper mayjune paper 1 2017 as well as. Fac1502 financial accounting concepts, principles and procedures 15 videos play all. Fac1502 financial accounting principles, concepts and procedures. Fac1502 financial accounting principles, concepts and procedures at unisa. Accounting concepts and accounting principles with examples financial accounting video is a discussion on what financial accounting is with a few more basic accounting concepts and accounting.