ACCA Financial Accounting

What you will learn in FA The syllabus for Financial Accounting (FA)/FFA introduces the candidate to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful financial information. The syllabus then covers the principles of accounts preparation, including an in-depth look at recording, processing, and reporting business transactions and events. The syllabus also covers reconciliations, preparation of a trial balance, error correction and suspense accounts, all of which will lead to the preparation of financial statements for incorporated and unincorporated entities. The syllabus then moves in two directions, firstly requiring the preparation of basic consolidated financial statements from the individual financial statements of entities within a group; and secondly requiring candidates to be able to conduct a basic interpretation of financial statements. On successful completion of this exam, candidates should be able to: A. Explain the context and purpose of financial reporting B. Define the accounting principles, concepts and qualitative characteristics of useful financial information C. Demonstrate the use of double-entry and accounting systems D. Record transactions and events E. Perform reconciliations F. Prepare a trial balance G. Prepare financial statements H. Prepare basic consolidated financial statements I. Interpret financial statements

150

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Содержание

Syllabus A. The Context And Purpose Of Financial Reporting

A1. The Scope and Purpose of, Financial Statements

A2. Users’ and Stakeholders’ Needs

A3. The Main Elements of Financial Reports

A4. The Regulatory Framework

A5. Duties and Responsibilities of Those Charged with Governance

Syllabus B. The Qualitative Characteristics Of Fin. Information

B1. The Qualitative Characteristics of Financial Information

Syllabus C. The Use Of Double-entry And Accounting Systems

C1. Double-entry Book-keeping Principles

C2. Ledger Accounts, Books of Prime Entry and Journals

Syllabus D. Recording Transactions And Events

D1. Sales and Purchases

D2. Cash

D3. Inventory

D4. Tangible non-current assets.

D5. Depreciation

D6. Intangible non-current assets and amortisation

D7. Accruals and prepayments

D8. Receivables and payables

D9. Provisions and contingencies.

D10. Capital structure and finance costs

Syllabus E. Preparing A Trial Balance

Syllabus F. Preparing Basic Financial Statements

F1. Statements of financial position

F2. Statements of profit or loss and other comprehensive income

F3. Disclosure notes

F4. Events after the reporting period

F5. Statements of cash flows (excluding partnerships)

F6. Incomplete records

Syllabus G. Preparing Simple Consolidated Financial Statements

G1. Subsidiaries

G2. Associates.

Syllabus H. Interpretation Of Financial Statements

H1. Importance and Purpose of Analysis of Financial Statements

H2. Ratios