Financial Accounting

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

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Chapter 4: Trial Balance

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Chapter 5: Sales and Purchases

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Chapter 6: Control Account and Reconciliation

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Chapter 7: Cash

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Chapter 8: Bank Reconciliation

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Chapter 9: Correction of Errors and Suspense Account

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Chapter 10: Inventory

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Chapter 11: Tangible Non-Current Assets and Depreciation

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Chapter 12: Intangible Non-Current Asset and Amortisation

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Chapter 13: Accruals and Prepayments

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Chapter 14: Irrecoverable Debt and Allowances

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Chapter 15: Incomplete Records

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Chapter 16: Provisions and Contingencies

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Chapter 17: Capital Structure and Finance Costs

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Chapter 18: Limited Liability Company Financial Statements

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Chapter 19: Disclosure Notes

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Chapter 20: Events After the Reporting Period

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Chapter 21: Statement of Cash Flows

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Chapter 22: Group

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Chapter 23: Associates

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Chapter 24: Ratio Analysis (Interpretation of Financial Statements)

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