Study ACCA Financial Accounting online! Learn bookkeeping, financial statement preparation, and analysis for exam and career success. Read more.
Shaktee Ramtohul is a seasoned professional with 20 years of experience in Banking, Finance, Consultancy, and Higher Education. With a career spanning several key sectors, he has demonstrated his expertise and passion for the financial industry, complemented by his commitment to education and continuous learning. Starting his career as a Corporate Assistant at Barclays Bank Plc Mauritius, Shaktee quickly advanced to the role of Corporate Relationship Manager at Banque Des Mascareignes Lt
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Get Started with All Access PassBuy Only This CourseAbout This Course
Who this course is for:
- Accounting and Finance Students
- Accounts Clerks
What you’ll learn:Â
- Understand the fundamentals of bookkeeping
- Record transactions using the double-entry principle
- Create financial statements for both sole traders and companies
- Analyze financial statements
Requirements:Â
- No prior knowledge is required to take this course.
This ACCA (Association of Chartered Certified Accountants) Financial Accounting course will provide you with the skills and knowledge to succeed in the ACCA Financial Accounting exam, which forms part of the ACCA Level 1 qualification. You will learn key topics such as double-entry bookkeeping, ledger accounts, bank reconciliation, trial balance, correction of errors, and company accounts.
The course also introduces essential financial concepts, including the nominal value of shares, rights issues, and share premiums. By mastering these topics and practicing various questions, you’ll be well-prepared to sit for the ACCA Financial Accounting exam online.
The ACCA Financial Accounting paper includes both multiple-choice questions and longer-format questions that assess your skills in financial statements, consolidation accounts, and cash flow statements. After passing the ACCA Financial Accounting paper, you can continue your ACCA journey by studying for the Financial Reporting and Strategic Business Reporting papers.
Upon completing this course, you will also demonstrate proficiency in interpreting financial statements for sole traders, companies, and simple groups of companies. The ACCA exam consists of 100% compulsory questions, ensuring a comprehensive assessment of your knowledge. Since the ACCA Financial Accounting exam can be taken online and on-demand, you have the flexibility to set your own learning pace.
Interested in learning from experienced professionals? Join my courses and gain expert guidance.
Our Promise to You
By the end of this course, you will have learned the fundamental principles of ACCA Financial Accounting, including double-entry bookkeeping, financial statement preparation, and financial analysis techniques.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Welcome And Introduction | |||
| Introduction | 00:00:00 | ||
| Using Colours For The Accounting Equation | 00:00:00 | ||
| Owners And The Business | 00:00:00 | ||
| The Accounting Equation | 00:00:00 | ||
| Section 2 - Double Entry Bookkeeping | |||
| Recording Transactions Using Double Entry | 00:00:00 | ||
| Illustrating Profits Short Example | 00:00:00 | ||
| Exam Practice Double Entry | 00:00:00 | ||
| Journal Entries | 00:00:00 | ||
| Section 3 - Recording Basic Transactions | |||
| Double Entry Receivables Account | 00:00:00 | ||
| Recording Transactions Prior To Trial Balance | 00:00:00 | ||
| Balancing Off Ledger Accounts | 00:00:00 | ||
| Trial Balance | 00:00:00 | ||
| Deriving A Statement Of Profit Or Loss And Statement Of Financial Position | 00:00:00 | ||
| Accounting Concepts | 00:00:00 | ||
| Section 4 - Returns, Discounts And Sales Tax | |||
| Sales Returns | 00:00:00 | ||
| Returns Outwards | 00:00:00 | ||
| Carriage Inwards And Carriage Outwards | 00:00:00 | ||
| Trade Discounts | 00:00:00 | ||
| Trade Discounts Practice | 00:00:00 | ||
| Early Settlement Discounts | 00:00:00 | ||
| Discounts Received | 00:00:00 | ||
| Introduction To Value Added Tax | 00:00:00 | ||
| VAT Practice Question | 00:00:00 | ||
| Input Tax And Output Tax | 00:00:00 | ||
| T Accounts Sales Tax | 00:00:00 | ||
| Section 5 - Inventory | |||
| Introduction To Inventory And Cost Of Sales | 00:00:00 | ||
| Calculating Gross Profit | 00:00:00 | ||
| Introduction To Valuing Inventory | 00:00:00 | ||
| IAS 2 Concept | 00:00:00 | ||
| Valuation Practice Question | 00:00:00 | ||
| Practice 2 Valuation Of Inventory | 00:00:00 | ||
| Introduction To FIFO And Average Cost | 00:00:00 | ||
| FIFO Practice Question | 00:00:00 | ||
| Periodic Weighted Average Cost | 00:00:00 | ||
| Continuous Weighted Average Cost | 00:00:00 | ||
| FIFO And Gross Profit | 00:00:00 | ||
| Section 6 - Non Current Assets And Depreciation | |||
| Introduction To Non Current Assets | 00:00:00 | ||
| Capital And Revenue Expenditure | 00:00:00 | ||
| Examples Of Capital And Revenue Expenditure | 00:00:00 | ||
| Practice Question On Capital And Revenue Expenditure | 00:00:00 | ||
| Straight Line Depreciation | 00:00:00 | ||
| Reducing Balance Depreciation Method | 00:00:00 | ||
| Question Practice Reducing Balance Method | 00:00:00 | ||
| Pro Rata Depreciation | 00:00:00 | ||
| Accounting Treatment Of Depreciation | 00:00:00 | ||
| Question Practice Treatment Of Depreciation | 00:00:00 | ||
| Changing Estimates | 00:00:00 | ||
| Question Practice Changing Estimates | 00:00:00 | ||
| Section 7 - Non Current Assets Disposal And Revaluation | |||
| Introduction To Revaluation And Disposal | 00:00:00 | ||
| Disposal Of Non Current Assets | 00:00:00 | ||
| Practice Question Disposal Of Non Current Assets | 00:00:00 | ||
| Introduction To Part Exchange | 00:00:00 | ||
| Question Practice Part Exchange | 00:00:00 | ||
| Introduction To Revaluation | 00:00:00 | ||
| Practice Question Revaluation | 00:00:00 | ||
| Practice 2 Revaluation | 00:00:00 | ||
| Practice 3 Revaluation | 00:00:00 | ||
| Depreciation Of A Revalued Asset | 00:00:00 | ||
| Excess Depreciation Transfer | 00:00:00 | ||
| Disposal Of A Revalued Asset | 00:00:00 | ||
| Section 8 - Intangible Assets | |||
| Introduction To Intangible Assets | 00:00:00 | ||
| Question Practice Intangible Assets | 00:00:00 | ||
| Research And Development Expenditure Introduction | 00:00:00 | ||
| Recognition Of Development Expenditure | 00:00:00 | ||
| Amortization Of Development Expenditure | 00:00:00 | ||
| Section 9 - Accruals And Prepayments | |||
| Introduction To Accruals Concept | 00:00:00 | ||
| Practice 2 Accrued Expenditure | 00:00:00 | ||
| Prepaid Expenditure | 00:00:00 | ||
| MCQ Question Accruals And Prepayments | 00:00:00 | ||
| Accrued Income | 00:00:00 | ||
| Section 10 - Receivables | |||
| Introduction To Receivables | 00:00:00 | ||
| Irrecoverable Debts | 00:00:00 | ||
| Irrecoverable Debts Recovered And Accounting Treatment | 00:00:00 | ||
| Introduction To Allowance For Receivables | 00:00:00 | ||
| Practice Question Allowance For Receivables | 00:00:00 | ||
| Allowance For Receivables Practice Question 2 | 00:00:00 | ||
| Allowance For Receivables Exam Practice 3 | 00:00:00 | ||
About This Course
Who this course is for:
- Accounting and Finance Students
- Accounts Clerks
What you’ll learn:Â
- Understand the fundamentals of bookkeeping
- Record transactions using the double-entry principle
- Create financial statements for both sole traders and companies
- Analyze financial statements
Requirements:Â
- No prior knowledge is required to take this course.
This ACCA (Association of Chartered Certified Accountants) Financial Accounting course will provide you with the skills and knowledge to succeed in the ACCA Financial Accounting exam, which forms part of the ACCA Level 1 qualification. You will learn key topics such as double-entry bookkeeping, ledger accounts, bank reconciliation, trial balance, correction of errors, and company accounts.
The course also introduces essential financial concepts, including the nominal value of shares, rights issues, and share premiums. By mastering these topics and practicing various questions, you’ll be well-prepared to sit for the ACCA Financial Accounting exam online.
The ACCA Financial Accounting paper includes both multiple-choice questions and longer-format questions that assess your skills in financial statements, consolidation accounts, and cash flow statements. After passing the ACCA Financial Accounting paper, you can continue your ACCA journey by studying for the Financial Reporting and Strategic Business Reporting papers.
Upon completing this course, you will also demonstrate proficiency in interpreting financial statements for sole traders, companies, and simple groups of companies. The ACCA exam consists of 100% compulsory questions, ensuring a comprehensive assessment of your knowledge. Since the ACCA Financial Accounting exam can be taken online and on-demand, you have the flexibility to set your own learning pace.
Interested in learning from experienced professionals? Join my courses and gain expert guidance.
Our Promise to You
By the end of this course, you will have learned the fundamental principles of ACCA Financial Accounting, including double-entry bookkeeping, financial statement preparation, and financial analysis techniques.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today!
Course Curriculum
| Section 1 - Welcome And Introduction | |||
| Introduction | 00:00:00 | ||
| Using Colours For The Accounting Equation | 00:00:00 | ||
| Owners And The Business | 00:00:00 | ||
| The Accounting Equation | 00:00:00 | ||
| Section 2 - Double Entry Bookkeeping | |||
| Recording Transactions Using Double Entry | 00:00:00 | ||
| Illustrating Profits Short Example | 00:00:00 | ||
| Exam Practice Double Entry | 00:00:00 | ||
| Journal Entries | 00:00:00 | ||
| Section 3 - Recording Basic Transactions | |||
| Double Entry Receivables Account | 00:00:00 | ||
| Recording Transactions Prior To Trial Balance | 00:00:00 | ||
| Balancing Off Ledger Accounts | 00:00:00 | ||
| Trial Balance | 00:00:00 | ||
| Deriving A Statement Of Profit Or Loss And Statement Of Financial Position | 00:00:00 | ||
| Accounting Concepts | 00:00:00 | ||
| Section 4 - Returns, Discounts And Sales Tax | |||
| Sales Returns | 00:00:00 | ||
| Returns Outwards | 00:00:00 | ||
| Carriage Inwards And Carriage Outwards | 00:00:00 | ||
| Trade Discounts | 00:00:00 | ||
| Trade Discounts Practice | 00:00:00 | ||
| Early Settlement Discounts | 00:00:00 | ||
| Discounts Received | 00:00:00 | ||
| Introduction To Value Added Tax | 00:00:00 | ||
| VAT Practice Question | 00:00:00 | ||
| Input Tax And Output Tax | 00:00:00 | ||
| T Accounts Sales Tax | 00:00:00 | ||
| Section 5 - Inventory | |||
| Introduction To Inventory And Cost Of Sales | 00:00:00 | ||
| Calculating Gross Profit | 00:00:00 | ||
| Introduction To Valuing Inventory | 00:00:00 | ||
| IAS 2 Concept | 00:00:00 | ||
| Valuation Practice Question | 00:00:00 | ||
| Practice 2 Valuation Of Inventory | 00:00:00 | ||
| Introduction To FIFO And Average Cost | 00:00:00 | ||
| FIFO Practice Question | 00:00:00 | ||
| Periodic Weighted Average Cost | 00:00:00 | ||
| Continuous Weighted Average Cost | 00:00:00 | ||
| FIFO And Gross Profit | 00:00:00 | ||
| Section 6 - Non Current Assets And Depreciation | |||
| Introduction To Non Current Assets | 00:00:00 | ||
| Capital And Revenue Expenditure | 00:00:00 | ||
| Examples Of Capital And Revenue Expenditure | 00:00:00 | ||
| Practice Question On Capital And Revenue Expenditure | 00:00:00 | ||
| Straight Line Depreciation | 00:00:00 | ||
| Reducing Balance Depreciation Method | 00:00:00 | ||
| Question Practice Reducing Balance Method | 00:00:00 | ||
| Pro Rata Depreciation | 00:00:00 | ||
| Accounting Treatment Of Depreciation | 00:00:00 | ||
| Question Practice Treatment Of Depreciation | 00:00:00 | ||
| Changing Estimates | 00:00:00 | ||
| Question Practice Changing Estimates | 00:00:00 | ||
| Section 7 - Non Current Assets Disposal And Revaluation | |||
| Introduction To Revaluation And Disposal | 00:00:00 | ||
| Disposal Of Non Current Assets | 00:00:00 | ||
| Practice Question Disposal Of Non Current Assets | 00:00:00 | ||
| Introduction To Part Exchange | 00:00:00 | ||
| Question Practice Part Exchange | 00:00:00 | ||
| Introduction To Revaluation | 00:00:00 | ||
| Practice Question Revaluation | 00:00:00 | ||
| Practice 2 Revaluation | 00:00:00 | ||
| Practice 3 Revaluation | 00:00:00 | ||
| Depreciation Of A Revalued Asset | 00:00:00 | ||
| Excess Depreciation Transfer | 00:00:00 | ||
| Disposal Of A Revalued Asset | 00:00:00 | ||
| Section 8 - Intangible Assets | |||
| Introduction To Intangible Assets | 00:00:00 | ||
| Question Practice Intangible Assets | 00:00:00 | ||
| Research And Development Expenditure Introduction | 00:00:00 | ||
| Recognition Of Development Expenditure | 00:00:00 | ||
| Amortization Of Development Expenditure | 00:00:00 | ||
| Section 9 - Accruals And Prepayments | |||
| Introduction To Accruals Concept | 00:00:00 | ||
| Practice 2 Accrued Expenditure | 00:00:00 | ||
| Prepaid Expenditure | 00:00:00 | ||
| MCQ Question Accruals And Prepayments | 00:00:00 | ||
| Accrued Income | 00:00:00 | ||
| Section 10 - Receivables | |||
| Introduction To Receivables | 00:00:00 | ||
| Irrecoverable Debts | 00:00:00 | ||
| Irrecoverable Debts Recovered And Accounting Treatment | 00:00:00 | ||
| Introduction To Allowance For Receivables | 00:00:00 | ||
| Practice Question Allowance For Receivables | 00:00:00 | ||
| Allowance For Receivables Practice Question 2 | 00:00:00 | ||
| Allowance For Receivables Exam Practice 3 | 00:00:00 | ||
Course Review
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This is a excellent course
I am so much better with my bookkeeping and financial accounting now.