Accounts : Fundamentals of Financial Accounting

Fundamentals of Financial Accounting

Become a CIMA Certified Professional by Learning Fundamentals of Financial Accounting!

The Fundamentals of Financial Accounting course will equip all our learners with fundamental Financial Accounting knowledge that you need to acquire as you go along your journey in becoming a CIMA Certified Professional. Whether you want to become an Accounting Manager or an Executive, Financial Accounting is one of the critical areas in Finance industry. Therefore after completing this course you would not only get yourself thoroughly prepared for the examination which leads the way to CIMA qualification but also wealth of experience required for real world working experience.

One of the primarily objectives of understanding practical accounting is to grasp the processes involved in preparing financial statements for single entities. These entities are prepared with conceptual and regulatory framework which requires an understanding of accounting standards along with role of legislation.

Reed courses certificate of completion

Digital certificate - Included

• 1 : Accounting Principles, Concepts and Regulation 11:00

  • 1: Accounting Principles, Concepts and Regulation 11:00

• 2: Recording Accounting Transactions 10:00

  • 2: Recording Accounting Transactions 10:00

• 3: Preparation of Accounts for Single Entities 49:00

  • 3: Preparation of Accounts for Single Entities 49:00

• 4: Analysis of Financial Statements 03:00

  • 4: Analysis of Financial Statements 03:00

• Practice Quiz 21:00

  • 5: Mock Quiz – Fundamentals of Financial Accounting [CIMA – BA3] 21:00

Syllabus Structure

• Accounting Principles, Concepts and Regulations
• Recording Accounting Transactions
• Preparation of Accounts for Single Entities
• Analysis of Financial Statements

COURSE CURRICULUM: Fundamentals of Financial Accounting

Chapter 1 - Accounting Principles, Concepts And Regulation

• Introduction To Accounting
• The Regulatory Framework
• Accounting Concepts
• Integrated Reporting

Chapter 2 - Recording Accounting Transactions

• Preparing Accounting Records
• Double Entry Principle
• Format Of The Statement Of Financial Position
• Format Of The Statement Of Profit Or Loss
• Accounting Codes
• Balancing Accounts
• Nominal Ledger
• The Trial Balance
• Transferring Items To SOFP And Profit Or Loss Account

Chapter 3 - Preparation Of Accounts For Single Entities

• Accruals And Prepayments
• IAS 16 Property, Plant And Equipment
• IAS 38 Intangible Assets
• Irrecoverable Debts And Allowances
• IAS 2 Inventory
• Sales Tax
• Accounting For Payroll
• Adjustments To Profit And Loss Account
• Bank Reconciliations
• Control Accounts
• Accounting For Limited Companies
• Manufacturing Accounts

Chapter 4 - Analysis Of Financial Statements

• Financial Ratios
• Limitations Of Financial Ratio Analysis

• School leavers
• Small business owners
• Undergraduates and graduates
• Anyone with an interest in pursuing a career in management accountancy

The Fundamentals of Financial Accounting does not require formal entry-level qualifications. Learners must be over the age of 16 and have basic knowledge in Mathematics, ICT and English Language.

Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the 3 modules in the CIMA Foundation Level Certificate. Companies worldwide, irrespective of their size require the services and knowledge of management accountants.