Financial Accounting
TIMOTHY DANDIRA
Head of Department
Timothy is a chartered accountant professional with vast knowledge of IFRS & IPSAS. He has good experience with teaching from BCTA, CTA and ITC levels and is a seasoned marker for all the professional examinations for chartered accountants. Timothy is so passionate about education and has been serving as the Subject Head for Financial Accounting & Reporting for more than 2 years now. Timothy is also a passionate contributor to the IFRS Community through coordinating research and responses to the IASB Comment letters.
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accounting is governed by International Financial Reporting Standards (IFRS). It includes the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements. IFRS are issued by the International Accounting Standards (IASs).
