ACCA FA1 Recording Financial Transactions

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

Created by: Ruth McDougall
Accounting/ bookkeeping tutor

What Will I 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

Target audience

• 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