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Finance & Taxation

ACCA– Financial Accounting (FA)

Master the fundamentals of Financial Accounting and get prepared for ACCA examinations.

IFRS-aligned fundamentals: core accounting principles, double-entry bookkeeping, and the conceptual framework Financial statement preparation: recognition, measurement, and presentation of assets, liabilities, income, and expenses for single entities Exam-focused practice and analytical skills: past-paper questions, examiner techniques, and interpretation of financial statements for decision-making
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Signature Learning Experience
ACCA– Financial Accounting (FA)
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Earn an industry-recognized credential and get access to mentor-led guidance throughout your learning journey.

4.9/5 Program Rating
1,963 Learners Enrolled
All level Level
70 hrs Total Duration
English,Hindi Language
Globally trusted accreditations Recognitions that back every SkillsBiz graduate
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Program Overview

Experience a modern, outcome-driven curriculum

Built with industry mentors, this program blends immersive live sessions, simulation projects, and on-demand resources so you can master Mandarin Chinese with confidence.

This comprehensive course covers key concepts in Financial Accounting, providing the knowledge needed to prepare financial statements, understand accounting standards, and develop analytical skills for effective financial analysis.

Why learners love this program

Each element is crafted to accelerate fluency, cultural context, and career readiness.

  • IFRS-aligned fundamentals: core accounting principles, double-entry bookkeeping, and the conceptual framework
  • Financial statement preparation: recognition, measurement, and presentation of assets, liabilities, income, and expenses for single entities
  • Exam-focused practice and analytical skills: past-paper questions, examiner techniques, and interpretation of financial statements for decision-making
Lectures
35
Guided Hours
70 hrs.
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Learning Outcomes

Unlock the capabilities that matter in real-world communication

Every module stacks practical language skills with cultural fluency, so you can speak confidently in professional, academic, and social settings.

Explain the conceptual framework of financial reporting, including the qualitative characteristics of useful financial information and the accounting equation.
Apply double-entry bookkeeping to record and classify business transactions using journals, ledgers and subsidiary books.
Prepare and extract a trial balance and identify, locate and correct accounting errors and omissions.
Make year-end adjustments including accruals, prepayments, bad debts, provisions and depreciation, and reflect them in the ledgers and financial statements.
Prepare a complete set of financial statements (Statement of Profit or Loss and Statement of Financial Position) for sole traders and companies in accordance with relevant accounting standards.
Account for inventories and cost of sales using appropriate valuation methods and understand the impact on profit measurement.
Reconcile bank statements and control accounts, and resolve discrepancies through appropriate journal entries.
Apply basic principles of revenue recognition, and understand the accounting treatment for non-current assets (acquisition, disposal, and depreciation).
Interpret and analyse financial statements using key ratio analysis and other basic analytical techniques to assess liquidity, profitability and financial stability.
Demonstrate awareness of fundamental IAS/IFRS requirements relevant to Financial Accounting (e.g., presentation, inventories, property, plant and equipment) and incorporate them into accounting treatments.
Use professional judgement and ethical considerations when preparing, presenting and disclosing financial information.
Personalised guidance

Book a discovery call with our program specialists

Get tailored advice on learning paths, certification journeys, and industry opportunities before you enroll.

In a focused 20-minute consultation we map your current proficiency, clarify where you want to get to, and suggest the quickest route to fluency with milestones we can help you hit.

  • Understand the skill gaps holding you back and the modules that can close them in the next cohort.
  • Get a personalised cohort recommendation based on availability, trainer profile, and your weekly bandwidth.
  • Discover global project work and certification add-ons that enhance Mandarin credentials on your CV.

Reserve your slot

Share your details and we will connect within 24 hours to set up a personalised walkthrough.

Curriculum Architecture

Structured modules that build fluency session after session

Explore the complete roadmap—from foundational vocabulary to advanced professional expressions—crafted with practical immersion in mind.

Purpose and Users of Financial Accounting
Explain who uses financial statements and why, and identify the main purposes of financial accounting.
2.00 hrs
Basic Accounting Concepts and Conventions
Describe fundamental accounting concepts such as accruals, going concern, and materiality, and explain their role in financial reporting.
2.00 hrs

Accounting Equation and Double-Entry System
Demonstrate the accounting equation and apply double-entry bookkeeping for simple transactions.
2.00 hrs
The Accounting Cycle: From Transactions to Reports
Outline each step of the accounting cycle and show how transactions flow into financial statements.
2.00 hrs

Source Documents and Recording Rules
Identify common source documents and apply rules for recording business transactions accurately.
2.00 hrs
The Journal: Recording and Formats
Prepare journal entries in proper format and explain the classification of debits and credits.
2.00 hrs

Posting to Ledgers and Subsidiary Books
Post journal entries to ledger accounts and maintain subsidiary books to track account balances.
2.00 hrs
Preparing a Trial Balance
Prepare a trial balance to verify ledger balances and detect arithmetical errors.
2.00 hrs
Error Detection and Correction
Identify common bookkeeping errors and apply correction techniques to restore accurate records.
1.00 hrs

Sales, Purchases and Returns Accounting
Account for sales, purchases, returns and allowances, and distinguish between cash and credit transactions.
2.00 hrs
Compound and Adjusting Entries for Complex Transactions
Prepare compound journal entries and apply adjustments for accruals, prepayments and other complex items.
2.00 hrs

Structure and Components of the Income Statement
Explain the layout of the income statement and classify income and expense items correctly.
2.00 hrs
Revenue and Expense Recognition Policies
Apply recognition criteria for revenue and expenses and assess their impact on profit measurement.
1.00 hrs

Assets, Liabilities and Equity Classification
Classify and measure assets, liabilities and equity, and explain their presentation on the balance sheet.
2.00 hrs
Presentation and Disclosure in the Balance Sheet
Apply presentation rules and necessary disclosures for balance sheet items under standard frameworks.
2.00 hrs

Cash Flow Statement: Structure and Preparation
Prepare a cash flow statement using direct and indirect methods and explain its purpose.
2.00 hrs
Operating, Investing and Financing Activities
Classify cash flows into operating, investing and financing activities and interpret their implications for liquidity.
1.00 hrs

Accruals, Prepayments and Revenue Matching
Adjust accounts for accruals and prepayments and apply the matching principle to period-end adjustments.
2.00 hrs
Adjusting Entries for Period End
Prepare and post period-end adjusting entries to ensure financial statements reflect the correct period.
2.00 hrs

Depreciation Methods and Calculations
Calculate depreciation using straight-line and reducing balance methods and understand their effect on financial statements.
2.00 hrs
Provisions, Contingencies and Impairment
Recognize provisions and contingencies, and assess impairment indicators and necessary adjustments.
1.00 hrs

Preparing Closing Entries
Prepare closing entries to transfer temporary account balances and reset accounts for the next period.
2.00 hrs
Post-Closing Trial Balance and Reversals
Prepare a post-closing trial balance and understand the use of reversal entries in the new period.
2.00 hrs

Role and Purpose of Accounting Standards
Explain the role of accounting standards like IFRS and the benefits they bring to financial reporting consistency.
1.00 hrs
Key Concepts: Recognition, Measurement and Presentation
Apply core standard concepts such as recognition, measurement bases and presentation requirements in reporting.
2.00 hrs

Applying Standards to Common Transactions
Interpret and apply relevant IFRS guidance to common accounting transactions and scenarios.
2.00 hrs
Disclosure Requirements and Notes to the Financial Statements
Prepare appropriate disclosures and notes required by standards to accompany primary financial statements.
2.00 hrs

FIFO and LIFO Methods
Explain FIFO and LIFO cost flows and demonstrate their effect on cost of sales and ending inventory.
2.00 hrs
Weighted Average and Other Costing Approaches
Apply the weighted average method and evaluate other cost flow assumptions for inventory valuation.
2.00 hrs

Inventory Accounting Examples and Exercises
Work through practical inventory valuation problems to reinforce method application and error identification.
1.00 hrs
Inventory Errors, Valuation Adjustments and Disclosures
Identify inventory errors, make valuation adjustments and prepare required disclosures in financial statements.
2.00 hrs

Classification of Costs: Fixed, Variable and Mixed
Differentiate fixed, variable and mixed costs and explain their relevance to decision making and reporting.
2.00 hrs
Cost Allocation and Overhead Absorption
Apply cost allocation techniques and calculate overhead absorption rates for product costing.
2.00 hrs

Job, Batch and Process Costing Overview
Describe job, batch and process costing methods and determine when each method is appropriate.
2.00 hrs
Reconciling Cost Accounting with Financial Statements
Reconcile differences between cost accounting outputs and financial accounting reports for management use.
1.00 hrs

Profitability and Liquidity Ratios
Calculate key profitability and liquidity ratios and interpret what they indicate about business performance.
2.00 hrs
Efficiency, Gearing and Investment Ratios
Compute efficiency, gearing and investment ratios and use them to assess financial stability and performance.
2.00 hrs

Payroll Basics: Calculations, Taxes and Reporting
Calculate payroll figures including gross pay, deductions and employer obligations and explain reporting requirements.
1.00 hrs
Comprehensive Review and Final Assessment
Review core topics and complete a final assessment to demonstrate integrated understanding of financial accounting concepts.
2.00 hrs
Upcoming Batches

Pick a schedule that fits your routine

We run multiple live cohorts so you can line up a batch with your goals, weekly bandwidth, and preferred mode of learning.

New cohorts are being planned

Share your interest and we will notify you as soon as the next batch opens.

Learner Voices

Stories from professionals who accelerated with SkillsBiz

Hear how learners leveraged mentor feedback, immersive projects, and certification support to reach their Mandarin goals.

N
Navdeep Kaur Gill
Learning FA gave me clarity on financial reporting basics. The structured approach helped me prepare confidently for the exam.
A
Anushka Mehta
FA preparation helped me see how every transaction impacts financial statements. Step-by-step explanations made the subject less intimidating.
A
Aarohi Chhabra
ACCA Financial Accounting helped me understand the basics of accounting in a very clear way. Preparing financial statements now feels organised and logical.
D
Danish Farooqi
Understanding ledger postings and adjustments became easier with consistent guidance. Financial Accounting training strengthened my core accounting foundation.
T
Tanishk Bhatia
FA preparation improved my confidence in preparing trial balances and final accounts. Working through practical questions made concepts easy to retain.
Y
Yuvraj Malhotra
ACCA Financial Accounting helped me build a strong base in accounting principles. Understanding double-entry bookkeeping and financial statements became much clearer with regular practice.
Frequently Asked Questions

Your questions, answered in one place

Everything you need to know before you commit—from certification timelines to support during the program.

The course duration is 70 hours.
The price of the course is INR 25000.
This course is suitable for intermediate level students.
The course is taught in English.
Yes, a certificate of completion will be awarded after successfully finishing the course.
The course is offered online for flexibility.
Yes, you will have lifetime access to the course materials.
The course is taught by experienced accounting professionals and ACCA members.
The course includes video lectures, quizzes, and downloadable resources.
Yes, you can reach out for support via email or during live Q&A sessions.

Global recognitions that power your profile

We are trusted by leading accreditation bodies, ensuring your certificate is respected by employers worldwide.

Nasscom Certification Six Sigma Certification ISO Certification MSME Certification ISO 9001 Certification Startup India Certification EU Certification MCA Certification Future Skills Certification Nasscom Logo
Awards & Recognitions

Celebrated for excellence in outcome-driven education

Our pedagogy, learner outcomes, and mentor network have been acknowledged by industry councils and global education forums.

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