This is a basic accounting course offer at CQ University, Australia. In many cities like BranyanBrisbane, Cairns, Emerald, Mackay, Melbourne, Noosaville, Rockhampton, Sydney, this university has established its campuses.

Financial Accounting established the concepts of framework in financial accounting, and gives an idea about how these notions are these concepts are applied to accounting for receivables, inventories, non-current assets and liabilities. This subject is about a process of recording, summarizing and reporting the myriad of transactions from a business, so as to provide an accurate picture of its financial position and performance. 

Importance of this course for Australian students  
Financial accounting allows the students to know how these statements are analyzed and interpreted for effective decision making by both internal and external users. This course also examines a in-depth knowledge in specific financial statements and how these statements are analyzed and interpreted for effective decision making by both internal and external users. The students will know how to prepare a Cash Flow Statement and the role it plays in financial analysis.

1. There are three standard reports that a student has to create in Financial Accounting, first is the income statement which shows profits and losses, and second are the balance sheet which shows the firm’s assets and liabilities lastly the statement of cash flow.

2. Financial Accounting is acknowledged as the specialized branch in accounting which demands the students to present financial report or financial statement such as an income statement or a balance sheet.

3. Financial Accounting integrates real-world examples, business concepts, analysis and interpretation, international differences, ethical decision making, and leadership skills which a student have to co-up with.

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