The purpose of this course is to provide individuals with an understanding of the Basis of Modified Cash Standard to ensure a complete view of the financial position and performance of a department for the purposes of fair presentation, and without changing the basis of accounting, this Standard also prescribes disclosure requirements for accrual-basis financial information despite these items not qualifying for recognition.
We aid learners in understanding this requirement, the Standard distinguishes between primary (recognised, presented and disclosed) and secondary (recorded and disclosed) financial information.
Key concepts covered include:
- Financial Statement Presentation
- Appropriation Statement
- Cash Flow Statement
- Unauthorised, Irregular, and Fruitless & Wasteful Expenditure
Throughout the module, you will be required to apply all knowledge and skills by way of formative activities within each Module.