ACCA FIA FA1 – Recording Financial Transactions

This is the first subject in the ACCA FIA Introductory Certificate in Financial and Management Accounting Programme. On completion of this subject students will have the understanding of basic accounting systems that get used daily in the workplace. This subject develops the understanding of the operational aspects of maintaining accounting records and procedures and how to record these transactions in the books of the organisation. Included is an introduction to the principles of double entry and how a computerised and a manual accounting system work.

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Description

This is the first subject in the ACCA FIA Introductory Certificate in Financial and Management Accounting Programme. On completion of this subject students will have the understanding of basic accounting systems that get used daily in the workplace. This subject develops the understanding of the operational aspects of maintaining accounting records and procedures and how to record these transactions in the books of the organisation. Included is an introduction to the principles of double entry and how a computerised and a manual accounting system work.

Please note regarding ACCA and the OLC. Click here for all the details.

Accreditation

The Association of Chartered Certified Accountants (ACCA)

Overview

Business transactions and documentation
Double entry system
Banking system and transactions
Payroll
Ledger accounts
Cash and Bank
Sales and Credit transactions
Purchases and Credit transactions
Reconciliation
Preparing the trail balance

Qualification

At the end of this subject you will be awarded a SACOB certificate of completion. On completion of both the FA1 and MA1 subject, ACCA will award you with a Certificate in Financial and Management Accounting.

Requirements

At least 16 years of age
Grade 10 with a good understanding of English and Mathematics

Duration

This subject can be completed in 3- 6 months

Packages

This course is available via two comprehensive support packages, Online Standard and Online Premium. Each Package includes the following:

Online Standard:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- A Mock Exam & Solutions

Online Premium:
- Textbooks
- Introduction Video
- Exam Info
- Q & A Platform
- Concept Videos
- Forums
- Exam Timetable
- Study Schedule
- Multiple Mock Exams & Solutions
- LIVE Webinars via Zoom
- Recording of the LIVE Webinars
- Quizzes
- Exam Walkthrough (Pre-recorded)

Assessment

This subject can be sat on demand, so when you feel ready to sit the exam you can do so at a Computer Based Exam (CBE) centre near you or if you?d prefer to do a paper-based exam you can do so in June and December.

*As ACCA is a professional accountancy body, it is important for them to ensure all students are aware of how to work and act in a professional and ethical manner. Because of this all students will need to complete Foundations in Professionalism. This can be done online and completed either before or after your exams.

What's next

You can continue your studies with SACOB and ACCA and complete more subjects that make up this qualification.