Master the fundamentals of recording financial transactions and build a strong foundation in accounting principles.
FA1 - Recording Financial Transactions introduces you to the fundamentals of maintaining financial records and the role of bookkeeping in business.
This course provides a foundation for all subsequent financial accounting studies. You'll learn how to record transactions in day books and ledgers, perform bank reconciliations, and extract a trial balance. FA1 is the first step toward building a career in accounting and finance.
FA1 is essential for anyone starting their journey in accounting. It provides the fundamental knowledge needed to:
Ability to maintain accurate financial records using double-entry principles
Skills to record various business transactions in appropriate books
Enhanced numerical skills and attention to detail in financial calculations
Ability to reconcile bank statements with company records
Understanding of payroll accounting and statutory requirements
Skills to extract and verify trial balances from ledger accounts
Build a strong foundation in accounting with our comprehensive FA1 course