ABM-FABM2 12 Q1 W1 Module 1 Summary

Overview

• Module Title: Fundamentals of Accountancy, Business, and Management (FABM2)
• Target Audience: Grade 12 accounting students
• Format: Independent learning module to be completed at home

Key Components

• Topic: Statement of Financial Position (SFP)
  • Students will learn to identify elements of the SFP.
  • Students will prepare an SFP using appropriate classifications of current and non-current items.
• Module Structure:
  • Introductory sections to assess prior knowledge.
  • Specific learning objectives and usage reminders.

Learning Objectives

• Understand and identify the components of the Statement of Financial Position.
• Develop skills for classifying financial items into current and non-current.
• Prepare a Statement of Financial Position in a report format.

Usage Instructions

• Complete the module independently at home.
• Utilize the introductory sections to gauge existing knowledge.
• Follow outlined objectives and reminders to effectively use the module.

Additional Information

• Development Team: Information about the development team and copyright details are provided.
• Assessment: Students are expected to complete assessments to demonstrate their understanding of the SFP.