While ARA provides a broad view of accounting and its applications as a whole for students who may not pursue further accounting studies, IFA introduces more niche accounting concepts, particularly with a strong focus on T-accounts and the general journal treatments of transactions. Overall, the subject was well organized, coherently delivered, and generally straightforward to offer insight into the preparation of financial statements from an internal perspective.

This subject requires lots of practice (tutorial questions, textbook questions and practice exams) but it is a great introduction to Financial Accounting. It is important to grasp the knowledge of IFA1 well to prepare for IFA2.

The workload is pretty amped up in this subject compared to its prerequisite, ARA. To do well, it's important to continuously do the practice questions each week and discuss any doubts in the tutorial. Assignments and exams are of moderate difficulty, nothing crazy!

This subject covers a lot of topics, so it’s important not to cram everything during SWOTVAC if you want a decent score. Overall the content is pretty interesting and there are lots of exercises provided for practice (tutorial questions and past exams). There are two assignments and two quizzes. The quizzes are easy while assignments are more time consuming and requires a lot of effort.

To do well in this subject, you need to master the lectures and tutorial questions. Consistent practice and making summaries are necessary (at least for me). To score well on the final exam, do bunch of past papers because Warren's exam questions are similar to previous papers. Overall, great introductory subject for accounting major.

This subject is a good continuation from ARA. As someone who hasn’t done any Accounting in high school, it wasn’t difficult to grasp the content in this subject, though consistent practice was still required. Make sure to stay on top of things as each week builds upon another, and completing and understanding tutorials timely would help greatly. Overall, a great introductory Accounting subject! :)

Everything was hard for me. My tutor was especially helpful though!

Hi this is an excellent subject to educate yourself about the realm of accounting!

Coming from the standard actuarial pathway, this felt like my easiest subject for the semester, and (pairing with FNCE10002), should definitely be the easiest CT/part I exemption for actuarial students to obtain. Exam was harder than I was expecting, so I'm glad I still studied as hard as I otherwise would have, with the intention of it being a WAM booster. Ultimately just requires a lot of practice and revision/understanding of the theory and concepts to achieve a H1. Pretty good lecturer, and awesome tutors/useful tutorials, although leture slides were a bit all over the place (especially when compared to the ARA slides)

One of the best accounting subject so far!