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

Home Study

The Home Study Package offers:

Textbooks
Practice and Revision Kits
Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform

You can now enrol for all your ACCA courses and make use of all the Online benefits.

You will receive user friendly study material such as:

Study Text
Exam Practice Kit

Online Classroom

The Full Online Classroom Package builds on the Home Study Package and provides you with the digital resources that may be available for your course as well as giving you access to the SACOB Online Classroom. The Online Classroom Package offers:

Video Kit
Study plans
Quizzes
Assessment downloads and uploads
SACOB Student Forum

As well as:

MyKaplan Access
Lecturer Resources Study Notes, Power Point Slides, Videos, Question Banks, Progress Tests and those much needed Mock Exams
24 hour lecturer and tutor support

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.