ACCA FA1 Recording Financial Transactions

Understanding the basic types of business transactions documentationUnderstanding duality of transactions the double entry systemUnderstanding the basics of the banking system transactionsUnderstanding the basics of payrollIntroduction to ledger accountsUnderstanding to the basics of cash bankIntroduction to sales credit transactionsIntroduction to purchases credit transactionsIntroduction to reconciliationsPreparing the trial balanceACCA’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 bookkeepingPayroll and ledger accountsReconciliation 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