Financial Accounting & Reporting II is a continuous subject from Financial Accounting & Reporting I (FAR I). This subject will focus more on the preparation of all the Financial Statements (FS) that are necessary to be produced by a company. Along with the preparation of the FS, you will need to know the function of the statements individually and also act as a future potential investor in reading the key on the FS. This subject also pinpoints the use of additional equities to support the main business activities. You will need to strengthen your knowledge of FAR I because it will also be used in this subject.