ACCA FA1 Recording Financial Transactions

About This Course

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.

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

Are there any course requirements or prerequisites?

• No accounting experience required for this course

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