What will you in ACCA: FA (F3) Financial Accounting Course
- Explain the context and purpose of financial reporting and its qualitative characteristics.
- Demonstrate double-entry bookkeeping: recording transactions, trial balance, adjusting errors.
- Prepare basic financial statements for sole traders, companies, and simple consolidated groups.
- Interpret and analyze financial statements to assess business performance.
- Navigate accounting concepts like assets, liabilities, consolidations, cash flow, and more.
Program Overview
Module 1: Accounting Foundations & Regulation
⏳ ~30 mins
Understand the structure of financial statements and GAAP/IFRS frameworks.
Explore qualitative characteristics like relevance, reliability, comparability, and understand the regulatory setting.
Module 2: Double-Entry & Trial Balance
⏳ ~45 mins
Learn ledger posting: journals, ledgers, and balancing.
Identify and correct trial balance errors prior to preparing statements.
Module 3: Financial Statements Preparation
⏳ ~60 mins
Create statements for individuals and companies—P&L, balance sheet, cash flows.
Introduction to simple consolidation principles and treatment of subsidiaries.
Module 4: Statement Interpretation & Ratios
⏳ ~60 mins
Analyze key indicators: liquidity, profitability, solvency metrics, and benchmarking.
Draw insights from real-world company statements to assess financial health.
Module 5: Advanced Topics Overview
⏳ ~45 mins
Cover assets (intangible, non-current), accruals, provisions, tax, and foreign transactions.
Touch on consolidated group reporting and statement of cash flows fundamentals.
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Job Outlook
- High Demand: Core financial accounting skills are indispensable for entry-level finance, audit, and accounting roles.
- Career Foundation: Prepares candidates for ACCA, CIMA, CA, and CFA certification exams and roles in professional services.
- Salary & Opportunities: Entry accountants can expect ₹4–10 LPA in India and $50K–$70K in the US market.
- Freelancing/Consulting: Financial reporting, bookkeeping, and small-business advisory roles become accessible.
Specification: ACCA: FA (F3) Financial Accounting
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