ACCA – Financial Accounting (FA)
The Financial Accounting (FA) subject introduces you to the the regulatory framework for accounts preparation
London Governance & Compliance Academy
Summary
Overview
The Financial Accounting (FA) subject introduces you to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information. The syllabus then covers drafting financial statements and the principles of accounts preparation. It concentrates in depth on recording, processing, and reporting business transactions and events. Additionally, the syllabus covers the use of the trial balance and how to identify and correct errors, and then the preparation of financial statements for incorporated and unincorporated entities.
The syllabus then moves in two directions, firstly requiring you to be able to conduct a basic interpretation of financial statements; and secondly requiring the preparation of simple consolidated financial statements from the individual financial statements of group incorporated entities.
Qualification
ACCA Diploma in Accounting and Business (RQF Level 4)
Course media
Description
Syllabus structure
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The context and purpose of financial reporting
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The qualitative characteristics of financial information
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The use of double-entry and accounting systems
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Recording transactions and events
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Preparing a trial balance
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Preparing basic financial statements
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Preparing simple consolidated financial statements
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Interpretation of financial statements
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Main Capabilities
On successful completion of this subject, you should be able to:
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Explain the context and purpose of financial reporting.
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Define the qualitative characteristics of financial information.
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Demonstrate the use of double-entry and accounting systems.
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Record transactions and events
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Prepare a trial balance (including identifying and correcting errors)
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Prepare basic financial statements for incorporated and unincorporated entities.
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Prepare simple consolidated financial statements.
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Interpretation of financial statements
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Who is this course for?
The ACCA qualification is ideal for people who want a career in finance and business.
Requirements
The Financial Accounting (FA) exam is part of the Applied Knowledge Level of the ACCA qualification. If you are AAT qualified or graduated with a degree accredited by ACCA you are exempt from this subject.
Questions and answers
Hi, will i receive a ACCA Diploma in Accounting and Business at the end of this course?
Answer:Dear Ella, No, to obtain ACCA Diploma you will have to take an ACCA exam that has to be booked separately and is not included in our course' cost.
This was helpful.Hi, I'm currently working in a finance role. Am i able to complete this course in my spare time and remotely?
Answer:Dear Ella, Absolutely, it's a self-paced e-learning course that can be completed at your own leisure from any device anywhere in the world, as long as there is internet access.
This was helpful.
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Legal information
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