FA – Financial Accounting

On successful completion of this paper, candidates
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.

Course Content

• The context and purpose of financial reporting.
• The qualitative characteristics of financial information. 
• The use of double-entry and accounting systems.
• Preparing a trial balance.
• Recording transactions and events.
• Preparing basic financial statements.
• Preparing simple consolidated financial statements.
• Interpretation of financial statements.

The syllabus is assessed by:

• A two hour computer-based examination.
• Questions will assess all parts of the syllabus and will test
  knowledge and some comprehension or application of this knowledge.
• The examination will consist of two sections. Section A will contain 35 two mark objective 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.

• The Association of Chartered Certified Accountants (ACCA)

  The Association of Chartered Certified Accountants (ACCA) offers a professional qualification, which has been recognised and respected across the world for over 100 years. ACCA is currently the largest British accountancy body with over 180,000 members and 480,000 students in 181 countries.

   

  
  Overview of the
  Association of Chartered Certified Accountants (ACCA) Programme

   

  SBCS Global Learning institute is an ACCA Approved Learning Partner and Approved Licensed Computer-Based Exam Centre.  We have been teaching the ACCA programme for 37 years and over this period have produced many ACCA Graduates and Prize winners. We are fully equipped to deliver classes online, blended and face to face, so rest assured, that no matter the situation your studies will not be interrupted.

  Our ACCA courses are taught by a team of highly qualified and experienced professionals, who are all superb teachers, and presently includes a partner at one of the big five audit firms and a CEO of a major international bank. Our teaching team and students are supported by our warm and competent ATEC administrators, whose primary focus is ensuring that our students receive a great teaching and learning experience.

  SBCS Global Learning Institute Ltd. offers a world-class ACCA teaching and learning experience that is geared towards you successfully completing your ACCA exams and achieving the prestigious ACCA designation.

   

  September 2024 - December 2024 Semester Class Offerings for ACCA
  

  • Timetable/ Class Schedule

  ACCA course outlines (September 2024)

  All students of the September 2024 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on June 30, 2025.

  Click for the ACCA programme registration form

  Click for payment options

   

  July 2024 - December 2024 Semester Classes for the ACCA Programme
  

  • Timetable/ Class Schedule

  ACCA course outline (July 2024)

  All students of the July 2024 semester will be granted nine (9) months access to the SBCS GLI E-Learning (Moodle) platform which will expire on March 30, 2025.

  Click for the ACCA programme registration form

  Click for payment options

   

  The ACCA Study School sessions for the July 2024 semester students will commence on Monday, October 21, 2024, geared towards the December 2024 exam sitting.

  • ACCA & FIA Study School Schedule

  Study School sessions will be hosted Online for the period October/November 2024 period.

   

  These sessions are open to external students and can be registered for at least two (2) days before the start date.

  • FIA Study School – Cost
  • ACCA Study School – Cost

   

  CBE schedule for FIA papers, ACCA Applied Knowledge papers and the LW - Corporate & Business Law paper.

  • Click for the CBE schedule January 2024 - December 2024

   

  *Click here for payment options

   

  For further information, contact our team at ATEC@sbcs.edu.tt.

   

  Collect more Certifications along your journey towards ACCA Membership!

  Gain a Diploma in Accounting and Business when you pass the first three exams of the ACCA Qualification Applied Knowledge modules (BT, MA and FA), and the Foundations in Professionalism (FIP) ethics module.

  An Advanced Diploma in Accounting and Business can also be achieved by successfully completing all exams in the  ACCA Applied Knowledge and ACCA Applied Skills exams (BT – FM) of the ACCA programme and the Ethics and Professional Skills module.

  Completion of the Advanced Diploma and successful completion of the Strategic Professional exams (SBL - Strategic Business Leader, SBR - Strategic Business Reporting and two option modules) will allow you to become an ACCA affiliate.

  As part of your journey to becoming a qualified ACCA member, you will be required to complete the Ethics and Professional Skills Module which supplements your technical knowledge of the programme by helping to develop ethical and professional behaviours. You must also demonstrate relevant skills and experience within a real work environment. This is what the PER (Practical Experience Requirement) is all about.

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  Expand your potential; go beyond ACCA!

  ACCA members can seamlessly progress to one of our Edinburgh Business School, Heriot-Watt University MBA or MSc programmes, which we have been offering for near 30 years.
   
  Progression to MBA/MSc: Subject to additional requirements, Heriot-Watt may award a maximum of 4 credit transfers including FDM, AFDM, Mergers & Acquisitions [MQ] and/or Corporate Governance [CG], where the ACCA qualification has been fully completed and required professional papers passed. Please click here for further information.
   
   

   

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  Alumni Voice

  Don't just take our word for it; read what our graduates have to say about pursuing ACCA at SBCS!

• Financial Accounting aims at developing knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.

  The syllabus for Paper 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 information. The syllabus then covers drafting financial statements and the principles of accounts preparation. The syllabus then concentrates in depth on recording, processing, and reporting business transactions and events. The syllabus then covers the use of the trial balance and how to identify and correct errors, and then the preparation of financial statements for incorporated and unincorporated entities. The syllabus then moves in two directions, firstly requiring candidates 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