This subject will introduce you to basic business principles and how the different systems within business interact with each other.
You’ll learn the underlying concepts relating to financial accounting and develop proficiency in techniques, such as double entry accounting and the preparation of basic financial statements.
You’ll learn accountancy techniques to support management in planning, controlling and monitoring performance in a range of business contexts
The syllabus for Paper FA1, Recording Financial Transactions, introduces the candidate to the fundamentals of preparing and recording financial documentation from originating documents and processing ledger transactions up to the trial balance stage.
You’ll develop knowledge and understanding of the underlying principles and concepts relating to Maintaining Financial Records and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.
You’ll develop knowledge and understanding of managing costs and finance in an organization to support management in planning and budgeting.