Learn Acca Financial Accounting At Applied Knowledge Level.

Learn Double Entry Accounting Principles, Journal Entries, Bank Reconciliation and drawing of Financial Statements.

What you'll learn

Understand Bookkeeping

Record Transactions using the Double Entry Principle

Prepare Financial Statements for Sole Traders and Companies

Analyze Financial Statements

Requirements

No Experience Required. You will learn from Scratch

You will need a Desktop or Laptop Computer

Description

ACCA Financial Accounting will equip you with the tools to pass the ACCA Financial Accounting Paper. Financial Accounting forms part of the ACCA Level 1 qualification. Your will learn Double Entry, Ledger Accounts, Bank Reconciliation, Trial Balance, Correction of Errors as well as Company Accounts. The course will also introduce you to various Financial Concepts such as nominal value of shares , rights issue and share premium. Having gone through the various topics and practiced the different questions, you will be able to sit the ACCA Financial Accounting Paper online. The ACCA Financial Accounting Paper consists of a multiple choice section as well as a longer version of questions which will test your skills on financial statements, Consolidation Accounts as well as Cash Flow Statements. Once you pass the ACCA Financial Accounting Paper, you can move up your ACCA journey by studying for the Financial Reporting Paper and the Strategic Business Reporting Paper. Upon completion of the course, you will also demonstrate proficiency in the interpretation of financial statements for Sole Traders and Companies as well as simple group of companies. The foundations of ACCA consists of 100% compulsory questions to assess your knowledge across the board. The ACCA Financial Accounting Exam can be taken online and on demand, therefore you decide the pace of your learning.

Overview

Section 1: Welcome and Introduction

Lecture 1 Introduction

Lecture 2 Using Colours for the Accounting Equation

Lecture 3 Owners and The Business

Lecture 4 The Accounting Equation

Section 2: Double Entry Bookkeeping

Lecture 5 Recording Transactions using Double Entry

Lecture 6 Illustrating Profits short Example

Lecture 7 Exam Practice Double Entry

Lecture 8 Journal Entries

Section 3: Recording Basic Transactions

Lecture 9 Double Entry Receivables Account

Lecture 10 Recording Transactions prior to Trial Balance

Lecture 11 Balancing Off Ledger Accounts

Lecture 12 Trial Balance

Lecture 13 Deriving a Statement of Profit or Loss and Statement of Financial Position

Lecture 14 Accounting Concepts

Section 4: Returns, Discounts and Sales Tax

Lecture 15 Sales Returns

Lecture 16 Returns Outwards

Lecture 17 Carriage Inwards and Carriage Outwards

Lecture 18 Trade Discounts

Lecture 19 Trade Discounts Practice

Lecture 20 Early Settlement Discounts

Lecture 21 Discounts Received

Lecture 22 Introduction to Value Added Tax

Lecture 23 VAT Practice Question

Lecture 24 Input Tax and Output Tax

Lecture 25 T Accounts Sales Tax

Section 5: Inventory

Lecture 26 Introduction to Inventory and Cost of Sales

Lecture 27 Calculating Gross Profit

Lecture 28 Introduction to Valuing Inventory

Lecture 29 IAS 2 Concept

Lecture 30 Valuation Practice Question

Lecture 31 Practice 2 Valuation of Inventory

Lecture 32 Introduction to FIFO and Average Cost

Lecture 33 FIFO Practice Question

Lecture 34 Periodic Weighted Average Cost

Lecture 35 Continuous Weighted Average Cost

Lecture 36 FIFO and Gross Profit

Section 6: Non Current Assets and Depreciation

Lecture 37 Introduction to Non Current Assets

Lecture 38 Capital and Revenue Expenditure

Lecture 39 Examples of Capital and Revenue Expenditure

Lecture 40 Practice Question on Capital and Revenue Expenditure

Lecture 41 Straight Line Depreciation

Lecture 42 Reducing Balance Depreciation Method

Lecture 43 Question Practice Reducing Balance Method

Lecture 44 Pro Rata Depreciation

Lecture 45 Accounting Treatment of Depreciation

Lecture 46 Question Practice Treatment of Depreciation

Lecture 47 Changing Estimates

Lecture 48 Question Practice Changing Estimates

Section 7: Non Current Assets Disposal and Revaluation

Lecture 49 Introduction to Revaluation and Disposal

Lecture 50 Disposal of Non Current Assets

Lecture 51 Practice Question Disposal of Non Current Assets

Lecture 52 Introduction to Part Exchange

Lecture 53 Question Practice Part Exchange

Lecture 54 Introduction to Revaluation

Lecture 55 Practice Question Revaluation

Lecture 56 Practice 2 Revaluation

Lecture 57 Practice 3 Revaluation

Lecture 58 Depreciation of a Revalued Asset

Lecture 59 Excess Depreciation Transfer

Lecture 60 Disposal of a Revalued Asset

Section 8: Intangible Assets

Lecture 61 Introduction to Intangible Assets

Lecture 62 Question Practice Intangible Assets

Lecture 63 Research and Development Expenditure Introduction

Lecture 64 Recognition of Development Expenditure

Lecture 65 Amortization of Development Expenditure

Section 9: Accruals and Prepayments

Lecture 66 Introduction to Accruals Concept

Lecture 67 Question Practice Accrued Expenditure

Lecture 68 Practice 2 Accrued Expenditure

Lecture 69 Prepaid Expenditure

Lecture 70 MCQ Question Accruals and Prepayments

Lecture 71 Accrued Income

Section 10: Receivables

Lecture 72 Introduction to Receivables

Lecture 73 Irrecoverable Debts

Lecture 74 Irrecoverable Debts Recovered and Accounting Treatment

Lecture 75 Introduction to Allowance for Receivables

Lecture 76 Practice Question Allowance for Receivables

Lecture 77 Allowance for Receivables Practice Question 2

Lecture 78 Allowance for Receivables Exam Practice 3

Section 11: Payables, Provisions and Contingent Liabilities

Lecture 79 Introduction to IAS 37

Lecture 80 Discussion Points IAS 37

Lecture 81 Exam Practice IAS 37

Lecture 82 Summary IAS 37

Section 12: Capital Structure and Finance Costs

Lecture 83 Introduction to Capital Structure and Finance Costs

Lecture 84 Types of Shares and Loan Notes

Lecture 85 Redeemable and Irredeemable Preference Shares

Lecture 86 Nominal Value of Shares

Lecture 87 Recording Issue of Shares

Lecture 88 Rights Issue of Shares

Lecture 89 Accounting for Rights Issue of Shares

Lecture 90 Bonus Issue of Shares

Lecture 91 Rights Issue and Share Premium Combined

Lecture 92 Introduction to Dividend

Lecture 93 Introduction to Loan Notes

Lecture 94 Loan Notes Practice Question

Lecture 95 Introduction to Preference Dividend

Lecture 96 Practice Question Preference and Ordinary Dividend

Lecture 97 Introduction to Income Tax

Lecture 98 Income Tax Computation

Section 13: Control Account Reconciliations

Lecture 99 Introduction to Control Accounts

Lecture 100 Dealing with Returns in Control Accounts

Lecture 101 Dealing with early settlement discounts in Control Accounts

Lecture 102 Dealing with Contra Entry in Control Accounts

Lecture 103 Credit Balances in Receivable Ledger Control Accounts

Lecture 104 Preparing Receivables Ledger Control Accounts

Lecture 105 Control Account Reconciliation

Lecture 106 Practice Question Receivables Ledger Control Account

Section 14: Bank Reconciliations

Lecture 107 Introduction to Bank Reconciliation

Lecture 108 Timing Differences

Lecture 109 Items in the Bank Statement and not in the Cash Book

Lecture 110 Errors in the Cash Book

Lecture 111 MCQ Question on Bank Reconciliation

Lecture 112 Full Bank Reconciliation Question

Section 15: Trial Balance, Errors and Suspense Accounts

Lecture 113 Introduction to Correction of Errors

Lecture 114 Errors where Trial Balance Still Balances

Lecture 115 Errors not affecting the Trial Balance Part 2

Lecture 116 Journal Entries Correction of Errors

Lecture 117 Suspense Accounts

Section 16: Preparing Basic Financial Statements

Lecture 118 Introduction to Financial Statements

Lecture 119 Preparing Financial Statements Part 1

Lecture 120 Preparing Financial Statements Part 2

Section 17: Incomplete Records

Lecture 121 Incomplete Records Question 1

Lecture 122 Incomplete Records Question 2

Lecture 123 Incomplete Records Question 3

Lecture 124 Incomplete Records Question 4

Lecture 125 Gross Profit Mark up and Margin

Lecture 126 Incomplete Records Question 5

Lecture 127 Incomplete Records Question 6

Lecture 128 Incomplete Records Question 7

Lecture 129 Incomplete Records Question 8

Lecture 130 Incomplete Records Question 8

Section 18: Statement of Cash Flows

Lecture 131 Introduction to Statement of Cash Flow

Lecture 132 Components of Statement of Cash Flow

Lecture 133 Cash Generated from Operations

Lecture 134 Cash Flow from Investing and Financing Activities

Section 19: Interpretation of Financial Statements

Lecture 135 Introduction to Interpretation of Financial Statements

Lecture 136 Profitability Ratios Lecture 1

Lecture 137 Net Asset Turnover Ratio

Lecture 138 Liquidity Ratios

Lecture 139 Efficiency Ratios

Lecture 140 Gearing Ratios

Section 20: Consolidation Accounts

Lecture 141 Introduction to Group Accounts

Lecture 142 Structure of Group Accounts

Lecture 143 Goodwill Calculation

Lecture 144 Full Consolidation Question

Accounting and Finance Students,Accounts Clerk