ACCA FA/FFA Financial Accounting | Complete Course (2026)

About the Course

• This course is primarily designed for ACCA FA/FFA Financial Accounting students.

• This course will provide the base knowledge for the ACCA FR subject.

• However, any other finance or accounting students who need a basic understanding of financial accounting can enrol in this course, such as ACCA, CA, AAT, CMA, CPA, BBA, and B Com students.

• The question-based explanation for better understanding.

• Well-structured teaching flow.

• At the end of this course, you will have a comprehensive knowledge of basic financial accounting concepts.

• No need to have any accounting knowledge to start this course because this course will cover everything from the beginning.

What you will get

• Video content

• Lifetime access

• Free downloadable materials

Areas Covered

• Context & Purpose of Financial Reporting

  • Purpose and scope of financial statements

  • Types of business entities (sole trader, partnership, company)

  • Users of financial statements & their needs

  • Regulatory framework (IFRS, IASB, etc.)

  • Responsibilities of directors / governance

  
  

• Accounting Principles & Concepts

  • Going concern

  • Accruals concept

  • Consistency, prudence, materiality

  • Business entity & duality

  • Historical cost vs current value

  • Substance over form

  • Qualitative characteristics (relevance, faithful representation, comparability, etc.)

  
  

• Double-Entry Bookkeeping & Accounting Systems

  • Accounting equation

  • Source documents

  • General ledger accounts

  • Journal entries

  • Computerised accounting systems

  
  

• Recording Transactions & Events

  • Sales & purchases (incl. VAT/sales tax)

  • Cash & petty cash

  • Inventories (FIFO, AVCO, IAS 2 rules)

  • Non-current assets

    • Tangible assets

    • Depreciation (SL & RB)

    • Revaluations

  • Intangible assets & amortisation

  • Accruals & prepayments

  • Receivables & payables

  • Irrecoverable debts & allowance

  • Provisions & contingencies

  • Capital structure (shares, loans, dividends, interest)

  
  

• Reconciliations

  • Bank reconciliations

  • Payables / supplier statement reconciliations

  
  

• Trial Balance & Errors

  • Preparation of the trial balance

  • Types of errors

  • Correction of errors

  • Suspense accounts

  
  

• Preparation of Financial Statements

  • Statement of Financial Position

  • Statement of Profit or Loss & OCI

  • Disclosure notes

  • Events after the reporting period (IAS 10 logic)

  • Statement of Cash Flows

  • Incomplete records

  
  

• Basic Consolidated Financial Statements

  • Subsidiaries

  • Associates

  • Goodwill (no impairment)

  • Non-controlling interest

  • Intra-group balances & unrealised profit
    (Basic level only – foundation for FR)

  
  

• Interpretation of Financial Statements

  • Purpose of analysis

  • Ratio analysis:

    • Profitability

    • Liquidity

    • Efficiency

    • Financial position

  • Drawing conclusions for users

About the Lecturer

• I have been teaching ACCA, CIMA, Cambridge, Edexcel Curriculums and other accounting qualifications for more than a decade.

• Well known among the students for formulating an easy and logical explanation for any complex concept, theory or calculation.

• I have produced several World Prize Winners and Country Prize Winners in finance professional qualifications.