Financial-Accounting Topic Coverage with Clear Explanations
IT Finance Financial-Accounting Exam Specifications
- Exam Code:
- Financial-Accounting
- Exam Name:
- Financial Accounting
- Provider:
- IT Finance
- Time:
- 60 min
- Passing Percentage:
- 0%
- Version:
- 7.1
Question Types with Explanations
- 5 Single Select
5 Questions with Answers
- PDF Printable (Q & A)
- 3 Months
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Real Exam-like Questions and Answers (5 total)
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IT Finance Financial-Accounting Exam Outline
For Financial Accounting, the syllabus focuses on applying the conceptual framework and standards to produce reliable financial reports, including asset measurement for property, plant, and equipment and intangible assets, and the accounting for liabilities, provisions, contingencies, and equity. It also covers revenue recognition and inventory valuation, handling financial instruments and hedging, consolidation and foreign currency translation, and presenting cash flows with strong internal controls.
Exam Domains
- Conceptual framework, standards interpretation, and qualitative characteristics
- Asset accounting and measurement for property, plant and equipment, and intangible assets
- Liabilities, provisions, contingencies, and equity accounting
- Revenue recognition and revenue measurement
- Inventory valuation and cost of goods sold
- Financial instruments, valuation, and hedging
- Consolidation, group reporting, and foreign currency translation
- Cash flows, internal controls, and financial statement presentation
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