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CIMA : Fundamentals of Financial Accounting

Update on 2023 | CPD Certified | Free Digital Certificate | Free Exam | Lifetime Access

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1.8 hours · Self-paced
No formal qualification
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Welcome to CIMA : Fundamentals of Financial Accounting, a comprehensive and engaging course designed to provide you with in-depth knowledge and practical skills in CIMA. Throughout this course, we will explore various aspects of CIMA and delve into its fundamental concepts, advanced techniques, and real-world applications.

Our primary objective in CIMA : Fundamentals of Financial Accounting is to equip you with a solid foundation in CIMA. Whether you are a beginner or an experienced professional looking to expand your expertise, this course will cater to your needs and help you achieve your learning goals.

During our journey together, you will have the opportunity to:

  • Gain a thorough understanding of the core principles and theories that underpin CIMA.
  • Acquire practical skills through hands-on exercises, projects, and real-world examples.
  • Explore cutting-edge advancements and emerging trends in the field of CIMA.
  • Prepare for future opportunities, such as further education, career advancement, or entrepreneurship, in the field of CIMA.
  • Reflect on your learning journey, celebrate your achievements, and gain the confidence to excel in CIMA.

By the end of CIMA : Fundamentals of Financial Accounting, you will have gained a comprehensive understanding of CIMA and developed the skills necessary to succeed in this dynamic field. Whether you choose to pursue further education, enter the job market, or embark on entrepreneurial ventures, this course will lay a strong foundation for your future endeavours.

We are excited to have you join us on this educational journey, and we look forward to helping you unlock your full potential in CIMA : Fundamentals of Financial Accounting. Let's get started!

Why should you choose Course Line?

When it comes to quality education and professional development, Course Line stands out as one of the most prestigious learning providers. As a certified institution by UKRLP & CPD Group, we have a proven track record of excellence, having successfully taught over 20,000+ students and counting.


1h 45m

Course media


Welcome to the course outline for CIMA : Fundamentals of Financial Accounting. In this comprehensive learning journey, we will explore the depths of CIMA, delving into its core principles, practical examples, and advanced techniques. Through a series of engaging lectures and exercises, you will gain the knowledge and skills necessary to excel in the field of CIMA : Fundamentals of Financial Accounting.

*****CIMA : Fundamentals of Financial Accounting Course Syllabus*****

Lecture 1: Introduction to Financial Accounting

  • Lesson-1 Understanding the Role of Financial Accounting
  • Lesson-2 Accounting Principles and Concepts
  • Lesson-3 The Accounting Equation
  • Lesson-4 Double-Entry Bookkeeping

Lecture 2: Recording Financial Transactions

  • Lesson-1 Recording Transactions in Journals
  • Lesson-2 Posting Transactions to Ledger Accounts
  • Lesson-3 Balancing Ledger Accounts

Lecture 3: Financial Statements

  • Lesson-1 Preparing the Trial Balance
  • Lesson-2 Income Statement (Profit and Loss Account)
  • Lesson-3 Balance Sheet (Statement of Financial Position)
  • Lesson-4 Statement of Changes in Equity

Lecture 4: Revenue Recognition and Expense Accounting

  • Lesson-1 Recognizing Revenue
  • Lesson-2 Matching Expenses to Revenue
  • Lesson-3 Accruals and Prepayments

Lecture 5: Cash Flow and Working Capital

  • Lesson-1 Preparing a Cash Flow Statement
  • Lesson-2 Understanding Working Capital
  • Lesson-3 Managing Cash Flow

Lecture 6: Inventory and Fixed Assets

  • Lesson-1 Accounting for Inventory
  • Lesson-2 Depreciation of Fixed Assets
  • Lesson-3 Revaluation and Impairment of Fixed Assets

Lecture 7: Bank Reconciliation and Petty Cash

  • Lesson-1 Bank Reconciliation
  • Lesson-2 Petty Cash Management

Lecture 8: Financial Ratios and Analysis

  • Lesson-1 Key Financial Ratios
  • Lesson-2 Financial Analysis Techniques
  • Lesson-3 Interpreting Financial Statements

Lecture 9: Regulatory Framework and Ethics

  • Lesson-1 UK Accounting Standards (GAAP)
  • Lesson-2 International Financial Reporting Standards (IFRS)
  • Lesson-3 Ethical Considerations in Accounting

Lecture 10: Revision and Practice

  • Lesson-1 Review of Key Concepts
  • Lesson-2 Practice Questions and Mock Exams

Assessment Process

Upon completing the CIMA : Fundamentals of Financial Accounting course, you will be required to undertake a multiple-choice evaluation in order to gauge your understanding of the material covered.

If you do not achieve the minimum passing score, you will have the opportunity to retake the assessment without incurring any additional cost.


After successfully completing this CIMA : Fundamentals of Financial Accounting course, you will get an instant Free digital certificate.

Who is this course for?

CIMA : Fundamentals of Financial Accounting is designed to cater to a wide range of individuals who are eager to enhance their knowledge and skills in CIMA.

This course is suitable for:

  1. Beginners in CIMA
  2. Professionals
  3. Students
  4. Career changers

No matter your background or level of experience, CIMA : Fundamentals of Financial Accounting offers a comprehensive learning experience that caters to your specific needs. Join us on this educational journey and unlock your potential in CIMA today!


Requirements for the CIMA : Fundamentals of Financial Accounting course:

  • No Prior Knowledge Required
  • Basic Computer Skills.
  • Internet access.
  • Familiarity with English

Career path

Completing CIMA : Fundamentals of Financial Accounting course can open exciting career opportunities in various fields related to CIMA. Here are three potential career paths you can pursue after completing CIMA : Fundamentals of Financial Accounting:

  • CIMA Specialist
  • CIMA Researcher
  • CIMA Educator

Questions and answers

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Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.


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What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.