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Practical commentary
The accounting practice area steps you through:
- The sources of reporting obligations for reporting and non-reporting corporate and non-corporate entities
- How to identify the accounting standards applying to the preparation of all financial reports, and the requirements of the accounting standards of general application
- The process and adjustments most commonly required to prepare a set of external financial statements from management accounts
- How to calculate and understand the key measures of financial health of an entity from the information presented in the financial statements