Acca Fa1 Recording Financial Transactions

Tags: ACCA

ACCA Foundation level. Foundation in Accountancy (FIA). Introductory certificate in financial and management accounting.

Last updated 2022-01-10 | 4

- Understanding the basic types of business transactions & documentation
- Understanding duality of transactions & the double entry system
- Understanding the basics of the banking system & transactions

What you'll learn

Understanding the basic types of business transactions & documentation

Understanding duality of transactions & the double entry system

Understanding the basics of the banking system & transactions

Understanding the basics of payroll

Introduction to ledger accounts

Understanding to the basics of cash & bank

Introduction to sales & credit transactions

Introduction to purchases & credit transactions

Introduction to reconciliations

Preparing the trial balance

* Requirements

* No accounting experience required for this course

Description

ACCA's FA1 Recording financial transactions paper is the first paper in the ACCA's foundation level qualification. It is an international course which aims to introduce students to the basic accounting systems up to the trial balance stage and the types of documentation you would encounter in the workplace.

No previous knowledge of accounting, additional material or software is required for this paper. In order to sit the ACCA exam students must apply direct to ACCA for student membership and exam entry.

In this course students will learn about:

Business transactions, the banking system and double entry bookkeeping
Payroll and ledger accounts
Reconciliation and preparing the trial balance

This course is for complete beginners, providing a starting point for those wanting to pursue a career in accounting as an accounting technician or those wanting to become a professional accountant but who may not meet the entry requirements to start their studies straight away with the ACCA qualification.

Who this course is for:

This course is for complete beginners, providing a starting point for those wanting to pursue a career in accounting as an accounting technician or those wanting to become a professional accountant but who may not meet the entry requirements to start their studies straight away with the ACCA qualification