ACCA – Financial Accounting – International

This is the third subject in the ACCA Qualification and falls under the Applied Knowledge Level. This subject covers the knowledge and understanding of the principles, concepts and regulations regarding financial accounting and the technical proficiency when using double-entry accounting techniques, as well as the preparation of basic financial statements.

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Description

This is the third subject in the ACCA Qualification and falls under the Applied Knowledge Level. This subject covers the knowledge and understanding of the principles, concepts and regulations regarding financial accounting and the technical proficiency when using double-entry accounting techniques, as well as the preparation of basic financial statements.

Accreditation

Association of Chartered Certified Accountants (ACCA)

Overview

•Context and purpose of financial reporting
•Qualitative characteristics of financial information
•The use of double-entry accounting systems
•Recording of transactions
•Preparation of trail balances
•Preparation of basic financial statements
•Preparation of simple consolidated financial statements
•Interpretation of financial statements

Qualification

This subject is a part of a national qualification. At the end of this course you will be awarded a SACOB certificate of completion.

Requirements

Grade 12 with a good understanding of English and Mathematics.

If you do not meet the minimum entry requirements for this course, you will need to complete this course under the Foundations in Accountancy series. If you complete the Diploma in Accounting and Business in the Foundations in Accountancy series you will be able to transfer over to the ACCA Qualification, claim exemption from the Applied Knowledge level and continue your studies from the Applied Skills Level onwards. Please visit the Foundations in Accountancy programme page for more information the courses that fall within its scope.

Duration

This subject can be completed in 3- 6 months

Packages

Home Study

The Home Study Package offers:

• Textbooks
• Study guides
• Workbooks - Not for all subjects
• Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform

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 maps
• Study plans
• Lecturer/Concept videos
• Quizzes
• Assessment downloads and uploads
• SACOB Student Forum

Assessment

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

A maximum of four courses can be taken per exam sitting. You will need to obtain 50% per exam in order to pass.

What's next

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