ACCA – Financial Accounting (FA)
The Financial Accounting (FA) subject introduces you to the the regulatory framework for accounts preparation
Summary
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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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Provider
LGCA is a multi-accredited UK learning provider specialising in, but not limited to, the areas of governance, risk, compliance, financial services and cybersecurity.
LGCA is an accredited training partner (ATP) of the Chartered Institute for Securities & Investment (CISI), offering fully online training courses for a great number of CISI qualifications. In addition to the CISI, the LGCA is also an accredited training institution the International Governance & Compliance Association (IGCA), the Association of Accounting Technisians (AAT), the International Association of Privacy Professionals (IAPP), and an accredited training provider of EXIN.
LGCA is part of the European Institute of Management and Finance (EIMF) Group, one of Europe’s leading institutions for certified and executive education, eLearning and bespoke learning solutions in the financial sector. The Group specialises in providing practical & essential knowledge and skills for professionals to excel in their careers and meet the demands of today’s financial sector.
Invested in your future
Our business is financial education, and we are passionate and committed to your personal and professional development in financial services.
Our 200+ specialised courses cover a wide range of subjects, including regulatory compliance, financial crime, risk management, accounting, banking, compliance office skills, taxation, marketing, corporate governance, leadership, law and more.
As well as accredited courses, we provide many vocational and other specific programs to assist in your daily responsibilities and career progression.
Made for tomorrow, relevant today
Whether it is complaints handling or financial crime, compliance monitoring or sanctions updates, MiFIR transaction reporting or blockchain, at the LGCA we have courses designed to accommodate your mode of study and level of ability.
Our faculty of expert trainers are leading specialists in their fields. Their passion for their subjects, practical experience and years of training ensure that you get the most out of the courses; you gain relevant knowledge and practical skills that have a measurable impact on your personal and professional progression.
LGCA is your training partner!
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Legal information
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