With the ACCA FIA Financial Accounting (FFA) Study Text, you’ll develop your knowledge on the underlying concepts of financial accounting, with worked examples and activities to boost your knowledge. You’ll gain a thorough understanding of the use of double entry accounting techniques in the preparation of basic financial statements. And you can be confident the materials fully covers the syllabus, as the Study Text is ACCA approved.
Topics covered:
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The context and purpose of financial reporting
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The qualitative characteristics of financial information
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The use of double-entry and accounting systems
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Recording transactions and events
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Preparation of a trial balance (including identifying and correcting errors)
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Preparation of basic financial statements for incorporated and unincorporated entities
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Preparation of simple consolidated financial statements
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Principles of the regulatory framework relating to accounts preparation
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Interpretation of financial statements
