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

What you'll learn
Explain the context and purpose of financial reporting
Define the accounting principles, concepts and qualitative characteristics of useful financial information
Demonstrate the use of double-entry bookkeeping and accounting systems
Record transactions and events
Perform reconciliations
Prepare a trial balance
Prepare financial statements
Prepare basic consolidated financial statements
Interpret financial statements
Requirements
There are no formal prerequisites for taking this course
Description
About the CourseThis 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 getVideo contentLifetime accessFree downloadable materialsAreas CoveredContext & Purpose of Financial ReportingPurpose and scope of financial statementsTypes of business entities (sole trader, partnership, company)Users of financial statements & their needsRegulatory framework (IFRS, IASB, etc.)Responsibilities of directors / governanceAccounting Principles & ConceptsGoing concernAccruals conceptConsistency, prudence, materialityBusiness entity & dualityHistorical cost vs current valueSubstance over formQualitative characteristics (relevance, faithful representation, comparability, etc.)Double-Entry Bookkeeping & Accounting SystemsAccounting equationSource documentsGeneral ledger accountsJournal entriesComputerised accounting systemsRecording Transactions & Events Sales & purchases (incl. VAT/sales tax)Cash & petty cashInventories (FIFO, AVCO, IAS 2 rules)Non-current assetsTangible assetsDepreciation (SL & RB)RevaluationsIntangible assets & amortisationAccruals & prepaymentsReceivables & payablesIrrecoverable debts & allowanceProvisions & contingenciesCapital structure (shares, loans, dividends, interest)ReconciliationsBank reconciliationsPayables / supplier statement reconciliationsTrial Balance & ErrorsPreparation of the trial balanceTypes of errorsCorrection of errorsSuspense accountsPreparation of Financial StatementsStatement of Financial PositionStatement of Profit or Loss & OCIDisclosure notesEvents after the reporting period (IAS 10 logic)Statement of Cash FlowsIncomplete recordsBasic Consolidated Financial StatementsSubsidiariesAssociatesGoodwill (no impairment)Non-controlling interestIntra-group balances & unrealised profit(Basic level only - foundation for FR)Interpretation of Financial StatementsPurpose of analysisRatio analysisrofitabilityLiquidityEfficiencyFinancial positionDrawing conclusions for usersAbout the LecturerI 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.
Who this course is for
ACCA Students
ACCA FA Students
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