A candidate who passes this paper should be able to:
- Demonstrate an understanding of the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company’s performance and financial position
- Identify and evaluate the information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information/various alternative sources of financial information
- Prepare financial statements, including consolidated financial statements, in accordance with IFRSs or other relevant standards
- Analyse financial statements and related disclosures
- Project financial statements such as statement of financial position, income statement, budgets among others