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

4.9

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1,963+

Learners enrolled

70 hrs

Total duration

English,Hindi

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Live, mentor-led classes Recognized certificate Placement support Hands-on projects Lifetime access

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Live, mentor-led classes
Recognized certificate
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Program overview

About this program

This Finance & Taxation program blends live, mentor-led sessions with hands-on projects and real-world case studies, so you build genuinely job-ready skills — not just theory. You'll learn from working industry experts, apply what you learn on practical assignments, and finish with a portfolio, a recognized certificate, and dedicated placement support to help you land the right role.

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

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

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

Hours

All level

Level

Globally trusted accreditations

Recognitions that power your profile

Trusted by leading accreditation bodies — so your certificate is respected by employers worldwide.

Learning outcomes

What you'll be able to do

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.

Curriculum

Structured modules that build real skills

19 modules · designed for progressive, hands-on learning.

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

Your credential

The certificate you'll earn

Earn an industry-recognized certificate on successful completion of this program.

ACCA– Financial Accounting (FA) certificate

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Reviews

What our learners say

Learning FA gave me clarity on financial reporting basics. The structured approach helped me prepare confidently for the exam.

NKNavdeep Kaur Gill

FA preparation helped me see how every transaction impacts financial statements. Step-by-step explanations made the subject less intimidating.

AMAnushka Mehta

ACCA Financial Accounting helped me understand the basics of accounting in a very clear way. Preparing financial statements now feels organised and logical.

ACAarohi Chhabra

Understanding ledger postings and adjustments became easier with consistent guidance. Financial Accounting training strengthened my core accounting foundation.

DFDanish Farooqi

FA preparation improved my confidence in preparing trial balances and final accounts. Working through practical questions made concepts easy to retain.

TBTanishk Bhatia

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.

YMYuvraj Malhotra

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