This course provides you with an understanding of the subjects covered in the 'Financial Accounting' ACCA paper. The 'FA' paper – is concerned with the preparation of financial accounts. The purpose of this paper is to develop knowledge and understanding of the underlying principles, concepts and regulations relating to financial accounting and technical proficiency in the use of double-entry accounting techniques. This is a structured course with interactive lectures & quizzes online.
Chapter 1: The Context and Purpose of Financial Reporting
LEARNING OUTCOME
1.1 Financial Reporting
1.2 Types of Business Entity
1.3 Information Needs by Different Users
1.4 Roles of the Regulatory System
1.5 Duties and Responsibilities of Directors and Other Parties
1.6 Chapter 1: Summary
Chapter 2: The Qualitative Characteristics of Financial Information
LEARNING OUTCOME
2.1 Qualitative Characteristics of Financial Information
2.2 Accounting Concepts
2.3 Chapter 2: Summary
Chapter 3: The Use Of Double-Entry and Accounting System
For registered users only
Chapter 4: Trial Balance
For registered users only
Chapter 5: Sales and Purchases
For registered users only
Chapter 6: Control Account and Reconciliation
For registered users only
Chapter 7: Cash
For registered users only
Chapter 8: Bank Reconciliation
For registered users only
Chapter 9: Correction of Errors and Suspense Account
For registered users only
Chapter 10: Inventory
For registered users only
Chapter 11: Tangible Non-Current Assets and Depreciation
For registered users only
Chapter 12: Intangible Non-Current Asset and Amortisation
For registered users only
Chapter 13: Accruals and Prepayments
For registered users only
Chapter 14: Irrecoverable Debt and Allowances
For registered users only
Chapter 15: Incomplete Records
For registered users only
Chapter 16: Provisions and Contingencies
For registered users only
Chapter 17: Capital Structure and Finance Costs
For registered users only
Chapter 18: Limited Liability Company Financial Statements
For registered users only
Chapter 19: Disclosure Notes
For registered users only
Chapter 20: Events After the Reporting Period
For registered users only
Chapter 21: Statement of Cash Flows
For registered users only
Chapter 22: Group
For registered users only
Chapter 23: Associates
For registered users only
Chapter 24: Ratio Analysis (Interpretation of Financial Statements)