Acca Fa (F3) A Complete Course On Financial Accounting

Fundamentals of International Financial Accounting - ACCA FA (F3) - CIMA (CO2) - CA - CAT

What you'll learn

This a complete course on fundamentals of Financial Accounting. The main purpose of this course is to teach students Financial Accounting from basics

It is a complete financial accounting course starting from zero level and then moving to advance levels.

The course contains videos for full syllabus, downloadable short notes for each chapter as well as videos for question and their solutions with explanations.

Book Keeping. Financial Accounting. Interpretation of Financial Statement.

Requirements

No previous knowledge is needed. We start from scratch and cover twenty six chapters to enable students to acquire knowledge about the subject and pass any exam related to Financial Accounting Fundamentals.

Description

COURSE DESCRIPTION – Last updated July 2021WHO THIS COURSE IS FOR:Students from ACCA FA (F3), CIMA (CO2), CA, CAT, BBA, MBAYoung Accountants.Individuals and Business owners who want to understand the process of accounting and how financial statements are prepared.COURSE OVERVIEW This course is focused on teaching students and young accountants the Fundamentals of Financial Accounting based on IFRS.It covers all the academic and theoretical topics of financial accounting which are actively used in the real life. Students as well as working accountants can equally benefit from this course.At the end of the course you can confidently claim to have complete knowledge of Financial Accounting Fundamentals.COMPLETE SYLLABUS- Introduction to accounting- The regulatory framework- The qualitative characteristics of financial information- Sources, records and books of prime entry- Ledger accounts and double entry- From trial balance to financial statements- Inventory- Tangible non-current assets- Intangible non-current assets- Accruals and prepayments- Irrecoverable debts and allowances- Provisions and contingencies- Sales Tax- Control accounts- Bank reconciliations- Correction of errors- Preparation of financial statements for sole traders- Incomplete records- Introduction to company accounting- Preparation of financial statements for companies- Events after the reporting period- Statements of cash flows- Introduction to consolidated financial statements- The consolidated statement of financial position- The consolidated statement of profit or loss and other comprehensive income- Interpretation of financial statementsHOW ACCOUNTANTS CAN GET BENEFIT FROM THIS COURSE:In this course we start to learn accounting from very basics on how to record the financial transactions in accounting books, make the journals, ledgers, trails balance and finally the preparation and interpretation of financial statements.HOW STUDENTS GET BENEFIT FROM THIS COURSEThis course is created to help students pass their ACCA FA (F3) exam with high marks in the very first attempt. The list of topics (chapters) and their sequence is from BPP Learning Media which is considered as one of the world’s best publishers of accounting books.However, students with other qualifications such as CIMA, CA, CAT, BBA or MBA can also get great value since the topics of Fundamentals of Financial Accounting remain same in all qualifications and degrees.The course includes video tutorials for full syllabus coverage of ACCA F3 as well as videos for practice questions with solutions and explanation by the tutor. As part of the learning materials students will also find course notes and chapter presentations in PDF format.ABOUT THE INSTRUCTORI am a qualified accounting and finance professional with over twenty years of professional experience. I have been teaching accounting and finance courses for over fifteen years and have taught more than twenty thousand delegates including students, young accountants, chief accountant and finance managers.

Overview

Section 1: Chapter 1 - Introduction to Accounting

Lecture 1 Introduction

Lecture 2 Introduction to Accounting

Lecture 3 Elements of Accounting

Lecture 4 Objective of Financial Statements

Section 2: Chapter 2 - The Regulatory Framework

Lecture 5 Regulatory Framework

Lecture 6 Regulatory Framework - Part 2

Lecture 7 Chapter 2 - Part 3 - Questions and Answers

Section 3: Chapter 3 - The Qualitative Characteristics of Financial Information

Lecture 8 Conceptual Framework

Lecture 9 Accounting Conventions

Lecture 10 Questions and Solutions

Section 4: Chapter 4 - Sources, records and books of prime entry

Lecture 11 Source Documents

Lecture 12 Books of Prime Entry

Section 5: Chapter 5 - Ledger Accounts and Double Entry

Lecture 13 Debits and Credits - Introduction to Double Entry

Lecture 14 Preparing Journals

Lecture 15 Exercise for Journal Entries

Lecture 16 Posting in Ledger Accounts

Lecture 17 Preparing the Trial Balance

Section 6: Chapter 6 - From Trial Balance to Financial Statements

Lecture 18 Chapter 6 - Income Statement and Balance Sheet Example

Lecture 19 Case Study 1 - Income Statement and Balance Sheet

Lecture 20 Case Study 2 - Income Statement and Balance Sheet

Lecture 21 Explanation of Opening and Closing Balances and T Accounts

Section 7: Chapter 7 - Inventory

Lecture 22 Introduction to Invnentory

Lecture 23 Valuation Methods - FIFO- LIFO - Method

Lecture 24 Valuation Methods - Average Cost Methods

Lecture 25 Questions and Solutions - BPP Kit

Section 8: Chapter 8 - Tangible Non Current Assets

Lecture 26 Introduction

Lecture 27 Concept and Methods of Depreciation

Lecture 28 Revaluation of Assets

Lecture 29 Disposal of Non Current Assets

Lecture 30 Chapter 8 - Part 5 - Q&A 1

Lecture 31 Chapter 8 - Part 6 - Q&A 2

Lecture 32 Chapter 8 - Part 7 - Q&A 3

Lecture 33 Chapter 8 - Part 8 - Q&A 4

Lecture 34 Chapter 8 - Part 9 - Q & A

Section 9: Chapter 9 - Intangible Non Current Assets

Lecture 35 Introduction to Intangible Assets

Lecture 36 Capitalization Criteria of Intangible Assets

Section 10: Chapter 10 - Accruals

Lecture 37 Accruals Complete Chapter

Lecture 38 Questions and Solutions - Part 1

Lecture 39 Question and Solutions - Part 2

Section 11: Chapter 11 - Provisions and Contigencies

Lecture 40 Provisions and Contingent Liabilities - Introduction

Lecture 41 Provisions and Contingent Liabilities

Lecture 42 Questions and Solutions

Section 12: Chapter 12 - Receivables and Allowances

Lecture 43 Irrecoverable Debts and Allowances - Part 1

Lecture 44 Irrecoverable Debts and Allowances - Part 2

Lecture 45 Bad Debts Questions - Part 1

Lecture 46 Bad Debts Questions - Part 2

Lecture 47 Bad Debts Questions - Part 3

Lecture 48 Extra Session Bad Debt Question

Section 13: Chapter 13 - Sales Tax

Lecture 49 Sales Tax - Part 1

Lecture 50 Sales Tax - Part 2

Lecture 51 Questions and Solutions - Part 1

Lecture 52 Questions and Solutions - Part 2

Section 14: Chapter 14 - Control Account

Lecture 53 What is a control account or nominal ledger

Lecture 54 Receivables Ledger Control Account - RLCA

Lecture 55 Questions and Solutions

Section 15: Chapter 15 - Bank Reconciliation

Lecture 56 Bank Reconciliation - Complete Chapter

Lecture 57 Questions and Solutions

Lecture 58 Questions and Solutions

Section 16: Chapter 16 - Correction of Errors

Lecture 59 Part 1 - Errors Where Two Sides of Trial Balance Remain Equal

Lecture 60 Part 2 - Errors Where Two Sides of Trial Balance Become Unequal

Lecture 61 Part 3 - Questions and Solutions

Lecture 62 Part 4 - Questions and Solutions

Lecture 63 Part 5 - Questions and Solutions

Lecture 64 Part 6 - Questions and Solutions - Suspense Account

Section 17: Chapter 17 -Incomplete Records

Lecture 65 Incomplete Records - Complete Chapter

Lecture 66 Questions and Solutions

Section 18: Section 18 - Preparation of Financial Statements for Sole Traders

Lecture 67 Preparation of Financial Statements for Sole Traders - Complete Chapter

Section 19: Chapter 19 - Company Accounting

Lecture 68 Part 1 - Introduction to Company Accounting

Lecture 69 Part 2 - Rights Issues and Bonus Issues

Lecture 70 Part 3 - Accounting Treatment

Lecture 71 Part 4 - BPP MCQs 1

Lecture 72 Part 5 - BPP MCQs 2

Lecture 73 Capital Structure Interest Calculation - 1

Lecture 74 Capital Structure Interest Calculation - 2

Section 20: Section 20 - Presentation of Financial Statements

Lecture 75 Statement of Financial Positions

Lecture 76 Statement of Comprehensive Income

Lecture 77 Statement of Changes in Equity

Section 21: Section 21 - IAS 10 Events After the Reporting Period

Lecture 78 Events After the Reporting Period - Complete Chapter

Section 22: Section 22 - Statement of Cash Flows

Lecture 79 IAS 7 - 1. Statement of Cash Flow - Introduction

Lecture 80 IAS 7 - 2. Statement of Cash Flow - Structure of Cash Flow Statement

Lecture 81 IAS 7 - 3. Statement of Cash Flow - Direct Method

Lecture 82 IAS 7 - 4. Statement of Cash Flow - Indirect Method

Lecture 83 Part 5 - Questions and Solutions 1

Lecture 84 Part 5 - Questions and Solutions 2

Lecture 85 Cash Flow Questions Kaplan

Section 23: Chapter 23 - Consolidated Statement of Cash Flows

Lecture 86 Introduction to Consolidated Financial Statements - Part 1

Lecture 87 Consolidated Financial Statements - Part 2

Section 24: Chapter 24 - Consolidated Statement of Financial Position

Lecture 88 Part 1 - Consolidated SOFP

Lecture 89 Part 2 - Questions and Solutions

Lecture 90 Part 3 - Questions and Solutions

Lecture 91 Part 4 - Questions and Solutions

Section 25: Chapter 25 - Consolidated Statement of Profit and Loss

Lecture 92 Consolidated Profit and Loss Questions

Section 26: Chapter 26 - Interpretation of Financial Statements

Lecture 93 Part 1 - Interpretation of Financial Statements - Introduction

Lecture 94 Part 2 - Interpretation of Financial Statements - Overview

Lecture 95 Part 3 - Profitability and Liquidity Ratios

Students from ACCA FA (F3), CIMA (CO2), CA, BBA, MBA as well as young accountants.