Financial Accounting (FA)

Categories: Applied Knowledge
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About Course

To teach the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements.

What Will You Learn?

  • to demonstrate technical proficiency in the use of double-entry and accounting systems
  • how to record, process and report business transactions
  • to understand the context and purpose of financial reporting
  • apply the qualitative characteristics of financial information
  • how to prepare a trial balance (including identifying and correcting errors)
  • how to prepare basic financial statements for incorporated and unincorporated entities
  • how to prepare simple consolidated financial statements
  • how to interpret financial statements.

Course Content

Syllabus Area A – The context and purpose of financial reporting

Syllabus Area B – Accounting Principles, concepts and qualitative characteristics

Syllabus Area C – Double Entry Bookkeeping and accounting systems

Syllabus Area D – Recording transactions and events

Syllabus Area E – Reconciliations

Syllabus Area F – Preparing a trial balance

Syllabus Area G – Preparing financial statements

Syllabus Area H – Preparing basic consolidated financial statements

Syllabus Area I – Interpretation of financial statements