Accounting Principles
Accounting Principles is the comprehensive proficiency in the foundation of financial management, including a clear understanding of rules, standards and guidelines that govern financial accounting practices. It encompasses the accurate interpretation and application of these principles for financial forecasting, analysis, and reporting.
Level 1: Emerging
At an emerging level, you are developing a basic understanding of accounting principles. You can identify and explain key concepts, use simple procedures, and apply foundational knowledge in practical situations.
Level 2: Proficient
At a proficient level you are able to apply accounting principles in various financial scenarios, analyzing complex transactions accurately and ensuring compliance with relevant standards and regulations in Finance and Accounting.
Level 3: Advanced
At an advanced level you are proficient in applying complex accounting principles to analyze financial data, prepare financial statements, and provide strategic insights for decision-making in finance and accounting.
