1) Describe the financial reporting environment in
Australia.
2) Discuss what accounting is and the accounting process.
3) Discuss the Conceptual Framework and the objective of financial
reporting.
4) Discuss the main elements of each of the four main financial
statements.
5) Discuss the accounting equation, double entry principle, what is
an account, rules for debiting and
crediting, chart of accounts and the accounting cycle.
6) Discuss the basic steps in the recording process, using the
transaction of Wong Ltd...