SUMMARY

Thank you for joining this basic course on financial statements! We've explored how financial information is organized and presented, focusing on the importance of tracking a company’s performance through the Statement of Comprehensive Income (SOCI) and its financial health using the Statement of Financial Position (SOFP). Let's take a moment to review what we've learned.

Throughout this course, we provided simple tips and ideas to help you understand financial statements. We encouraged you to practice analysing both SOCI and SOFP, try new methods of interpretation, and learn from any challenges you encountered. Remember, understanding financial statements starts with mastering the basics and grows with continuous practice.

Thank you for being part of this learning journey. I hope you found the course informative and engaging. Keep practicing, stay curious, and always strive to improve your understanding of financial data. All the best!

REFERENCE

Main References

Abd Rauf, F., Abu, A., & Mahmud, R. (2022). Financial Accounting for Non-accounting Students (7th ed.). Kuala Lumpur:     McGraw-Hill Education (Malaysia) Sdn Bhd.

Mohamed Zawawi, S., Abu, A., Mohamad, R., & Haron, R. (2021). Fundamentals of Accounting Concept and Practical  Approach (2nd ed.). Kuala Lumpur: McGraw-Hill Education (Malaysia) Sdn Bhd.

Additional References

Sangster, A., & Gordon, L. (2021). Frank Wood's Business Accounting, An Introduction to Financial Accounting (15th ed.).  Harlow: Pearson Education Limited.

Tong, T. L. (2017). Malaysian Private Entities Reporting Standard (The MPERS Framework) (2nd ed.). Kuala Lumpur: Wolters Kluwer CCH.

MASB. (2020). FRF MASB. Retrieved from FRF MASB: https://www.masb.org.my/