ACCA FA 1 - Recording Financial Transactions

ACCA FA 1 Course: Recording Financial Transactions

The syllabus for FA1, Recording Financial Transactions, introduces the candidate to the fundamentals of preparing and recording financial documentation, from originating documents and processing ledger transactions up to the trial balance stage.

It also covers relevant banking procedures associated with bookkeeping, maintaining and reconciling cash and petty cash records, preparing the journal and relevant control accounts, and identifying and correcting errors.

Course Curriculum

Demo Lectures
5 Lessons
- Introduction to Assets, Liabilities and Accounting Equation (27:31)
  Preview
- Statement of Financial Position and Profit and Loss (11:04)
  Preview
- Elements of Accounting Explained (17:06)
  Preview
- Elements of Accounting Explained (17:03)
  Preview
- Financial Statements and Elements of Accounting (13:34)
  Preview
ACCA FA1 Recourses
6 Lessons
- Instructions to Follow Before Starting Your Course
  Start
- About Customized Study Planner (13:47)
  Preview
- Create your Customized Study Plan
  Start
- Download The Mobile App For The Study Planner
  Start
- FA1 Resources
  Start
- Using Vertex Portal - Watch Complete Video
  Start
Chapter 1 - Business Transactions and Documentation
8 Lessons
- 1. Introduction to Business Transactions (30:20)
  Start
- 2. Types of Transactions and Control (13:23)
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- 3. Personnel Department and Controls (11:33)
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- 4. Documents for Business Transactions (18:51)
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- 5. Practice Questions - 1 (27:21)
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- 6. Practice Questions - 2 (19:50)
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- Complete Study Notes
  Start
- Quiz - Business Transactions
  Start
Chapter 2 - Assets, Liabilities and Accounting Equation
13 Lessons
- 1. Introduction to Assets, Liabilities and Accounting Equation (27:31)
  Start
- 2. Statement of Financial Position and Profit and Loss (11:04)
  Start
- 3. Elements of Accounting Explained (17:06)
  Start
- 4. Elements of Accounting Explained (17:03)
  Start
- 5. Financial Statements and Elements of Accounting (13:34)
  Start
- 6. Accounting Equation With Example (27:26)
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- 7. Accounting Equation Questions (19:35)
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- 8. Debit and Credit - Grace Part 1 (44:13)
  Start
- 9. Completing General Journal - Grace Part 2 (26:51)
  Start
- 8. New - Practice Question Video - 1 (28:09)
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- 9. New - Practice Question Video - 2 (13:48)
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- Complete Study Notes
  Start
- Quiz - Assets, Liabilities and Accounting Equation
  Start
Chapter 3 - Recording, Summarising and Posting Transactions
12 Lessons
- 1. Source Douments and Books of Prime Entry (17:48)
  Start
- 2. Ledgers and T Accounts (20:40)
  Start
- 3. Recording Transactions in Books of Prime Entry 1 (14:50)
  Start
- 4. Cash Book and Bank Statement (16:31)
  Start
- 5. General Ledger and Control Account (14:29)
  Start
- 6. Sales Tax Introduction (33:31)
  Start
- 7. Sales Tax and Discounts (15:53)
  Start
- 8. Practice Kit MCQs (56:23)
  Start
- 9. Practice Kit MCQs 3.1 - 3.18 (48:45)
  Start
- Complete Study Notes
  Start
- Quiz - Recording, Summarizing and Posting Transactions
  Start
- Quiz - Sales Tax
  Start
Chapter 4 - Completing Ledger Accounts and Financial Statements
16 Lessons
- 1. Debit and Credit - Grace Part 1 (44:13) - Repeat From Chapter 2 Lecture 8
  Start
- 2. Completing General Journal - Grace Part 2 (26:51) - Repeat From Chapter 2 Lecture 9
  Start
- 3. Introduction to Ledgers - Grace Exercise (21:52)
  Start
- 4. Ledger Posting Using T Accounts - Grace Exercise (26:43)
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- 5. Closing Lesders and Trial Balance - Grace Exercise (26:48)
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- 6. Grace Example - Income Statement and Balance Sheet (18:22)
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- 7. Income Statement and Balance Sheet - Blubbermouth (19:45)
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- 8. Income Statement and Balance Sheet - Alpha Co (27:16)
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- 9. Correction of Errors - 1 (28:00)
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- 10. Correction of Errors - 2 (16:46)
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- 11. Practice Questions Kit MCQs - 1 (37:25)
  Start
- 12. Practice Questions Kit MCQs - 2 (20:51))
  Start
- 13. Additional MCQs - Correction of Errors - 1 (30:05)
  Start
- 14. Additional MCQs - Correction of Errors - 2 (16:58)
  Start
- 10. Complete Study Notes
  Start
- Quiz - Completing Ledger Accounts and Financial Statements
  Start
Chapter 5 - Receiving and Checking Money
5 Lessons
- 1. Receiving and Checking Payments (23:57)
  Start
- 2. Control Over Cash Receipts (22:56)
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- 3. Mixed Bank (1:05:45)
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- Complete Study Notes
  Start
- Quiz - Receiving and Checking Money
  Start
Chapter 6 - Banking Monies Received
7 Lessons
- 1. Banking and Clearing System (12:40)
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- 2. Banker and Customer Relationship (08:46)
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- 3. Rights and Duties of Banker and Customer (11:26)
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- 4. Procedure for Banking Cash (09:36)
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- 5. New - Practice Question Video (18:09)
  Start
- Complete Study Notes
  Start
- Quiz - Banking and Money Received
  Start
Chapter 7 - Recording Monies Received
5 Lessons
- 1. Control Over Recording Monies Received (20:59)
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- 2. Posting to Ledgers (11:10)
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- 3. New - Practice Question Video (17:05)
  Start
- Complete Study Notes
  Start
- Quiz - Recording Monies Received
  Start
Chapter 8 - Authorising and Making Payments
7 Lessons
- 1. Authorizing and Making (16:20)
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- 2. Expenses Claim Form (04:11)
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- 3. Timing and Methods of Payments (12:21)
  Start
- 4. Methods of Payments Explained (22:57)
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- 5. New - Practice Question Video (29:52)
  Start
- Complete Study Notes
  Start
- Quiz - Authorising and Making Payments
  Start
Chapter 9 - Recording Payments
5 Lessons
- 1. Payment Control and Recording (29:56)
  Start
- 2. Posting Payments in Ledgers (16:45)
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- 3. New - Practice Question Video (18:32)
  Start
- Complete Study Notes
  Start
- Quiz - Recording Payments
  Start
Chapter 10 - Maintaining Petty Cash Records
5 Lessons
- 1. Introduction to Petty Cash (13:32)
  Start
- 2. Imprest System (10:50)
  Start
- 3. New - Practice Question Video (26:03)
  Start
- Complete Study Notes
  Start
- Quiz - Maintaining Petty Cash Records
  Start
Chapter 11 - Bank Reconciliations
8 Lessons
- 1. Bank Reconciliation (29:00)
  Start
- 2. Questions 2.35 -2.41 (21:52)
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- 3. Questions Bank Reconciliation (40:14)
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- 4. Topic discussion (36:58)
  Start
- 5. Bank Reconciliation Mixed Questions (1:13:51)
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- Complete Study Notes
  Start
- Quiz 1 - Bank Reconciliation Theory
  Start
- Quiz 2 - Bank Reconciliation Calculation
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Chapter 12 - Sales and Sales Returns Day Book
8 Lessons
- 1. Introduction to Sales Day Book and Sales Returns Book (26:00)
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- 2. Analysed Day Books (05:44)
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- 3. Posting the Day Books (08:51)
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- 4. Sales Tax and Sales Day Book (13:41)
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- 5. Coding (13:45)
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- 6. MCQs Chapter 10, 11, 12 Questions (59:11)
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- Complete Study Notes
  Start
- Quiz - Sales and Sales Returns Day Book
  Start
Chapter 13 - The Receivables Ledger
7 Lessons
- 1. Introduction to Receivables (9:42)
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- 2. Personal Ledgers (9:23)
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- 3. Costs and Benefits of Giving Credit (22:10)
  Start
- 4. Receivables Ledger (24:43)
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- 5. BPP MCQs 3.1 - 3.18 (54:12)
  Start
- Complete Study Notes
  Start
- Quiz - The Receivables Ledger
  Start
Chapter 14 - Purchases and Purchases Returns Day Books
5 Lessons
- 1. Introduction to Purchase Day Books (21:36)
  Start
- 2. Purchase Return Day Book (10:59)
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- 3. Practice Question Video (14:05)
  Start
- Complete Study Notes
  Start
- Quiz - Purchases and Purchases Returns Day Books
  Start
Chapter 15 - Payables Ledger
4 Lessons
- 1. Introduction to Payables Ledgers (23:19)
  Start
- 2. Normal Balance of Payables Ledgers (07:31)
  Start
- Complete Study Notes
  Start
- Quiz - Recording Payments
  Start
Chapter 16 - Control Accounts
8 Lessons
- 1. Introduction to Control Accounts (15:30)
  Start
- 2. Discounts and Nominal Ledgers (24:00)
  Start
- 3. Control Accounts topic discussion & MCQ-s 3.7 - 3.14 (18:13)
  Start
- 4. Practice Questions (38:14)
  Start
- 5. Practice Question Video (28:31)
  Start
- 6. Control Accounts topic discussion & MCQ-s 3.7 - 3.14 (18:13)
  Start
- Complete Study Notes
  Start
- Quiz - Control Accounts
  Start
Chapter 17 - Recording Payroll Transactions
5 Lessons
- 1. Payroll Complete Lecture (36:41)
  Start
- 2. BPP Revisionn kit questions 4.1 4.11 (38:35)
  Start
- 3. Mock question (16:46)
  Start
- Complete Study Notes
  Start
- Quiz - Recording Payroll Transactions
  Start
Mixed Bank BPP Practice Kit - Question Videos
8 Lessons
- 1. BPP Kit Mix Bank Question - 5.1 - 5.19 (1:05:05)
  Start
- 2. BPP Kit Mix Bank Question - 5.20 - 5.43 (1:12:11)
  Start
- 3. BPP Kit Mix Bank Question - 5.44 - 5.50 (33:52)
  Start
- 4. BPP Kit Mix Question Bank - 6.1 - 6.28 (1:13:02)
  Start
- 5. BPP Kit Mix Question Bank - 6.29 - 6.39 (40:55)
  Start
- 6. BPP Kit Mix Question Bank - 7.1 - 7.10 (26:46)
  Start
- 7. BPP Kit Mix Question Bank - 7.11 - 7.31 (1:02:31)
  Start
- 8. BPP Kit Mix Question Bank 7.32 - 7.50 (1:09:21)
  Start
Final Mock
2 Lessons
- VLS FA1 Section 1 BPP Pt 1 (1:09:48)
  Start
- VLS FA1 Section 1 BPP Pt 1 (1:09:48)
  Start
Revision Sessions
16 Lessons
- Section A - Kaplan Q1, 4, 5,6,7,8,11,12,33,38
  Start
- FA1 7 March - Section A (40:56)
  Start
- VLS FA1 Section A Kaplan Pt 1 (40:34)
  Start
- VLS FA1 Section A Kaplan Pt 2 (53:56)
  Start
- FA1 Sales Tax (38:57)
  Start
- Sales Tax - Kaplan (110, 111, 112, 113, 114, 116) (20:02)
  Start
- Sales Tax - Kaplan (115, 116, 117, 118) (28:40)
  Start
- FA1 -Errors & Suspense Account 21st June (35:03)
  Start
- Bank Reconciliation
  Start
- FA1 Section B MCQs (55:50)
  Start
- Kaplan - Chapter before Payroll (176, 181, 182, 183) (19:58)
  Start
- Payroll Kaplan MCQs (189, 190, 191, 192, 196, 197, 198) (29:36)
  Start
- VLS FA1 29th Feb - Section B (26:15)
  Start
- VLS FA1 Section 2 BPP (34:41)
  Start
- VLS FA1 Section 1 BPP Pt 1 (1:09:48)
  Start
- VLS FA1 Section 1 BPP Pt 2 (40:01)
  Start

Course Pricing

ACCA FA 1 - 6 Months Access

$90 USD

Complete Course With Tutor Support
- Redeem coupon code "SP10" to get 10% discount
- Access and tutor support for six months period
- Detailed video lectures covering complete syllabus
- Video lectures for exam questions and solutions
- Exam focused short notes
- Online time constrained quizzes with solutions
- Online community board to discuss topics
- Telegram group to access the tutor
- Regular update on materials
- Final Mock Exam

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