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ACCA – Financial Accounting (FA)
- 42 Hours
- Beginner
The syllabus then moves in two directions, firstly requiring you to be able to conduct a basic interpretation of financial statements; and secondly requiring the preparation of simple consolidated financial statements from the individual financial statements of group incorporated entities.
Learning Outcomes
On successful completion of this subject, you should be able to:
- Explain the context and purpose of financial reporting.
- Define the qualitative characteristics of financial information.
- Demonstrate the use of double-entry and accounting systems.
- Record transactions and events
- Prepare a trial balance (including identifying and correcting errors)
- Prepare basic financial statements for incorporated and unincorporated entities.
- Prepare simple consolidated financial statements.
- Interpretation of financial statements
Note: The Financial Accounting (FA) exam is part of the Applied Knowledge Level of the ACCA qualification. If you are AAT qualified or graduated with a degree accredited by ACCA you are exempt from this subject.
Registration and Access
Once you complete an online purchase you will receive confirmation of account activation. Please allow 48 hours to get access to all the modules and for your eLearning account to be set up.
If you wish to receive an invoice instead of paying online, please contact us at info@lgca.uk. Access to the course is valid for 180 days.
Course Access Duration
Enjoy 6 months of unlimited access to all course materials, including videos, assignments, and resources. This period is designed to provide ample time for you to fully engage with and complete the course at your own pace.
Extension Options
Need more time? Extend your access with:
- 3-Month Extension: £50 + VAT
- 6-Month Extension: £90 + VAT
To arrange an extension, contact us at info@lgca.uk. Our support team is here to help.
Certification
Upon the successful completion of the subject Financial Accounting (FA), you can advance to the next subject of the ACCA Applied Knowledge Level or If you have already completed other subjects, can proceed to the next Level.
- The context and purpose of financial reporting
- The qualitative characteristics of financial information
- The use of double-entry and accounting systems
- Recording transactions and events
- Preparing a trial balance
- Preparing basic financial statements
- Preparing simple consolidated financial statements
- Interpretation of financial statements
- Study planner and guidance
- Access to AccountingWise Learn
- Comprehensive pre-recorded lectures
- Extensive question practice (including mock exams and feedback)
- Tutor support via phone or email
The ACCA qualification is ideal for people who want a career in finance and business.
Format: Computer Based
Availability: On Demand
Pass: A score of 50%
Length: 2 Hours
Questions: The exam consists of two sections: Section A will contain 35 two-mark objective test questions. Section B will contain 2 fifteen-mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.
Please Note: Official Exam is not provided; it should be purchased separately.
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