Anything financial and accounting related has always been my thing. I did not rely on the lecturer to pass this subject. The subject was very straight foward and I will be more than willing to guide other students through the same

This unit provides an introduction to the generally accepted accounting principles and practices underlying financial accounting and reporting. The unit introduces students to the concepts and skills required to prepare, analyse, and interpret financial statements.

You will learn basic financial accounting concepts. After this course, you will know the basics of financial statements. It's a pretty easy course but dry at times.

Although this is a basic subject, the knowledge is like built up step by step, so you gotta keep up the pace. The content is relatively easy before mid-semester exam because it is very systematic. Topics after mid are not that tightly related to each other. It is necessary to practice more because understanding a given answer is nothing like coming up with one by yourself. Pay attention to the details in the financial statements, they may cause you to lose marks even though your answer is on the right track.

Be very careful about the midterm! It seems easy in the classes but the exam is no joke!

The subject introduces the most basic and fundamental knowledge about Accounting, including financial statements and some basic accounts. Tips:-Understanding instead of memorizing -Finding the inter-relations between diffent concepts and accounts