Cima - Fundamentals of Financial Accounting: Study Text

C2 - Fundamentals of Financial Accounting: Paper C2 concentrates on building a basic understanding of financial accounting.

The object is to give students a good grounding in double entry bookkeeping.

Students will also learn the preparation of basic financial statements for sole traders, companies, non-profit making organisations and manufacturing accounts; an introduction to internal and external audit; and interpretation of accounts (cash flow statements and ratios).

The main sections are: * The conceptual and regulatory framework * Accounting systems and accounts preparation * Final accounts * Audit * Interpretation of accountsAll CIMA papers use international terminology and international financial reporting standards.

There is no UK stream.Paper C2 is examined by computer based assessment (CBA), which means that students can sit their CBA at any time during the year.

The C2 study text concentrates on the key areas of the syllabus and takes account of the examiner's guidance on how topics will be assessed.

It includes a step-by-step approach to topics that students may find difficult, such as control account reconciliations and suspense accounts.

There are lots of examples and questions in each Chapter to help you practice the techniques required.

There are also quick quizzes in the assessment style at the end of each chapter.

In addition, there is a question bank of computer based assessment style questions at the end of the text.