ACCA FA1 Recording Financial Transactions
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
Requirements
- No accounting experience required for this course
Description
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.
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
Course content
- Preview05:03
Instructor
![Ruth McDougall](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.1 Instructor Rating
- 220 Reviews
- 1,087 Students
- 3 Courses
My name is Ruth McDougall, I am a part qualified accountant through ACCA (The association of chartered certified accountants), and an ICB (Institute of Certified Bookkeepers) approved learning provider.
I started my accountancy studies many years ago with the ACCA's foundation in accounting and progress from there through the ACCA's fundamental papers and more recently the ACCA's professional papers. For two of my ACCA exams I placed within the top 10 highest scorers in the world. This prompted me to do a lot of research into teaching styles and learning techniques.
I love the learning portal provided by udemy. I believe it to be a very efficient and effective way of learning, one that lends itself very well to students studying towards ACCA foundation in accounting and ICB qualifications.