Acca F3 Financial Accounting

Let's get to grasps of how to perform the basics of financial accounting.

Last updated 2022-01-10 | 4.7

- Explain the context and purpose of financial reporting
- Define the qualitative characteristics of financial information
- Demonstrate the use of double-entry and accounting systems

What you'll learn

Explain the context and purpose of financial reporting
Define the qualitative characteristics of financial information
Demonstrate the use of double-entry and accounting systems
Record transactions and events
Prepare a trial balance (including identifying and correcting errors)
Prepare basic financial statements for incorporated and unincorporated entities
Prepare simple consolidated financial statements
Interpretation of financial statements
And much more...

* Requirements

* None

Description

This course is designed to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements and assist students and learners to various accounting techniques that can be used in the every day world of finance as well as prepare for your exams.

Who this course is for:

  • Students wanting to study the Introduction to Financial Accounting

Course content

1 sections • 27 lectures

Introduction to accounting Preview 17:44

The regulatory framework Preview 05:52

The qualitative characteristics of financial information Preview 07:36

Sources, records and books of prime entry Preview 08:40

Ledger accounts and double entry Preview 12:26

From trial balance to financial statements Preview 12:38

Sales tax Preview 09:56

Inventory Preview 19:46

Tangible non-current assets Preview 23:08

Intangible non-current assets Preview 06:30

Accruals and prepayments Preview 06:28

Irrecoverable debts and allowances Preview 06:32

Provisions and contingencies Preview 10:40

Control accounts Preview 09:02

Bank reconciliations Preview 06:38

Correction of errors Preview 07:22

Preparation of financial statements for sole traders Preview 07:52

Incomplete records Preview 13:22

Introduction to company accounting Preview 16:56

Preparation of financial statements for companies Preview 08:18

Events after reporting period Preview 08:14

Statement of Cash Flows Preview 19:02

Introduction to consolidated financial statements Preview 12:50

The consolidated statement of financial position Preview 27:46

The consolidated statement of comprehensive income Preview 08:44

Interpretation of financial statements Preview 15:40

Quiz