ACCA FA1 Recording Financial Transactions
About This Course
Our Introduction to Bookkeeping course is the ideal starting point for future business leaders, accountants and entrepreneurs. You don’t need any previous knowledge of accounting.
This course will help you:
Prepare to take the ACCA exam Recording Financial Transactions (FA1)
Learn about business transactions, the banking system and double entry bookkeeping
Prepare payroll and ledger accounts
Understand reconciliation and preparing the trial balance.
What you will learn
In this course you will learn about:
business transactions, the banking system and double-entry bookkeeping
payroll and ledger accounts
reconciliation and preparing the trial balance.
Learning Objectives
Material Includes
- Online Study Materials
- Quizzes
- Questions and Answers
Requirements
- Just good English and Mathematical Numeracy Skills preferably at Grade 12 in South Africa, O'Level in other countries
- Registration with ACCA as a student (Final Assessment for this course is by Computer Based Examination)
Target Audience
- Junior accounts clerk/bookkeeper in a financial and/or cost accounting role
Curriculum
Syllabus A: Types of business transactions and documentation
1. Types of business transaction
2. Types of business documentation
3. Process of recording business transactions within the accounting system
Syllabus B: Duality of transactions and the double entry system
1. Books of prime entry
2. Double entry system
3. The journal
4. Elements of the financial statements
Syllabus C: C Banking system and transactions
1. The banking process
2. Documentation
Syllabus D: Payroll
Syllabus E: Ledger accounts
1. Prepare ledger accounts
a) Enter transactions from the books of prime entry into the ledgers.
b) Record journal entries in the ledger accounts.
c) Balance and close off ledger accounts
Syllabus F: Cash and bank
1. Maintain a cash book
2. Maintain a petty cash book
Syllabus G: Sales and credit transactions
1. Record sales
2. Determine customer account balances and control accounts
Syllabus H: Purchases and credit transactions
1. Record purchases
2. Supplier balances and reconciliations
Syllabus I: Reconciliation
1. Purpose of control accounts and reconciliation
2. Reconcile the cash book
3. Reconcile the receivables control account
4. Reconcile the payables control account
Syllabus J: Preparing the trial balance
1. Prepare the trial balance
2. Correcting errors
Earn a certificate
Add this certificate to your resume to demonstrate your skills & increase your chances of getting noticed.
Your Instructors
Student Feedback
Reviews (1)
This course has been very informative, I learnt to keep financial records.
R1,200.00
Material Includes
- Online Study Materials
- Quizzes
- Questions and Answers
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