Theme Two – Corporate Reporting, Financial Principles and Essential Terminology
Recognising that the underlying principles of finance are related to three core concepts – Cash control, Asset utilisation and Profit generation (the CAP model) … ensuring a clear understanding of corporate financial reporting principles (GaaP v IFRS / CapEx v OpEx / 10K & 10Q / Revenue Recognition / Product v Services)
Understanding the structure, interpretation and essential principles of corporate reporting