UPDATED 2020 Sem 2 Financial Accounting Theory (Part 1 of 2)

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I’ve done this subject, my advice to you is: - UNDERSTAND this subject, MEMORIZING will gain you nothing because exam questions will be made in a way to test your understanding instead of your memorizing skills -This is NOT IFA1 or 2 where you can memorize the debit and credit transactions to get some scores - This subject content has altered/changed (sequence is different, lecturer adds new content, etc.), BE mindful when buying outdated notes (my notes are revised based on 2020 Sem 2 content) These notes contain color coding: - GREEN highlight- separates every lecture - YELLOW highlight- separates each lecture into parts - LIGHT BLUE highlight- separates each part into points - Red word font - elaboration and explanation, skip them if you already understand the black sentences (notes are really NOT that long after you skip the red words) Important words/concepts are underlined and/or bolded Content coverage: 1. Objectives of Financial Accounting 2. The Decision Usefulness Approach to Financial Reporting 3. The Measurement Approach to Decision Usefulness 4. Application of Fair Value Measurement 5. Accounting Analysis 6. Ratio Analysis I wish you all the best for your assessments! :)