ACCA FA – Financial Accounting

Categories: ACCA & Accountancy
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Course Content

Recorded Class Sessions
Every live class with Ali, in order. Watch, read the notes, then test yourself.

  • Class 1 — What Financial Accounting Is For
  • Class 2 — Users, Regulation and the Qualities of Good Information
  • Class 3 — The Accounting Equation
  • Class 4 — Double Entry: Debits and Credits
  • Class 5 — Ledger Accounts, Books of Prime Entry and the Trial Balance
  • Class 6 — Sales Tax
  • Class 7 — Inventory: Cost, Net Realisable Value and Valuation
  • Class 8 — Non-Current Assets: Recognition and Capital vs Revenue
  • Class 9 — Depreciation: Methods and Entries
  • Class 10 — Disposals, Part-Exchange and the Asset Register
  • Class 11 — Accruals and Prepayments
  • Class 12 — Irrecoverable Debts and the Allowance for Receivables
  • Class 13 — Provisions, Contingent Liabilities and Contingent Assets
  • Class 14 — Bank Reconciliation
  • Class 15 — Control Accounts and Reconciliations
  • Class 16 — Correction of Errors and the Suspense Account
  • Class 17 — Preparing the Statement of Profit or Loss
  • Class 18 — Preparing the Statement of Financial Position
  • Class 19 — Incomplete Records
  • Class 20 — Company Accounts: Share Capital, Reserves and Tax
  • Class 21 — Statement of Cash Flows
  • Class 22 — Consolidation 1: The Group, Goodwill and the Consolidated Position
  • Class 23 — Consolidation 2: Consolidated Profit or Loss and Associates
  • Class 24 — Interpretation 1: Profitability and Efficiency Ratios
  • Class 25 — Interpretation 2: Liquidity, Gearing and the Limitations of Ratios
  • Class 26 — Exam Technique and the Multi-Task Questions
  • Class 27 — Final Revision and Mock Debrief
  • Course Materials — Study Text & Exam Kit

Getting Started
What financial accounting is for, who uses it, and how the exam is set.

Double Entry & the Accounting Equation

Recording Transactions
Sales, purchases, cash, inventory, non-current assets and the ledgers that hold them.

Period-End Adjustments
Accruals, prepayments, depreciation, irrecoverable debts and provisions.

From Trial Balance to Financial Statements
Corrections, suspense accounts, and building the statements themselves.

Consolidated Financial Statements
Simple groups: goodwill, the consolidated position and performance.

Interpretation & Exam Practice

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