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Free ACCA & CIMA online courses from OpenTuition

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FA1 Recording Financial Transactions

FA1 Recording Financial Transactions is part of INTRODUCTORY CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING


Free FA1 Course notes

Free FIA FA1 Notes
Free FIA FA1 Notes
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Copyright: Selling or profiting in any way from these notes without our permission is prohibited. If you would like to use our course notes in your college, please check our OpenLicence for details.


Essential FA1 Exam Links

FA1 Syllabus and Study Guide – September 2020 to August 2021 (for CBE exams from 23 September 2020)

Pilot paper / Specimen Exams

FA1 Past papers (Not published by ACCA – Purchase BPP Books with 20% discount)

Examiner’s Reports

Technical Articles

CBE FAQ


APPROACH TO EXAMINING THE FA1 SYLLABUS

The syllabus is assessed by a two hour paper-based or computer-based examination. Questions will assess all parts of the syllabus and will include both computational and non-computational elements. The examination will consist of 50 two mark questions.

The Aim of FIA FA1 exam is to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

When you complete FA1 paper you should be able to explain and understand the following:
• Types of business transactions and documentations
• Duality of transactions and the double entry system
• Banking system and transactions
• Payroll
• Ledger accounts
• Cash and bank
• Sales and Credit transactions
• Purchases and Credit transactions
• Reconciliation
• Preparing the trial balance.

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