Financial Accounting (FA)

The Financial Accounting (FA) course introduces fundamental financial reporting principles, focusing on preparing and analysing financial statements. It covers essential accounting concepts, standards, and practices. Build a strong foundation for accurate financial reporting and compliance. Enhance your expertise to support informed business decisions in finance.

Begin Free Trial

Get in Touch With Us

Who will be funding the course?

My employer I will Not sure

Full Name

Phone Number

+44

Company Email

Message (Optional)

Learning Options

Blended Learning
Online self paced
Onsite

Live Interactive Sessions
Dedicated 1-to-1 Tutor Support (30-min Weekly)
Expert Trainers with Industry Experience
Flexible Schedule
Networking Opportunities
High Pass Rates
24/7 Personalised Support

Overview

Financial Accounting (FA) equips learners with essential financial reporting skills, focusing on preparing, analysing, and interpreting financial statements. This course is critical for understanding accounting standards, ensuring compliance, and fostering confidence in financial decision-making, making it invaluable for anyone pursuing a career in finance or accounting.

This course is ideal for learners aspiring to establish or advance their careers in accounting or finance. It supports professional development by providing a strong foundation in financial accounting, enhancing skills to meet industry demands, and paving the way for career progression in finance and business management.

This course, provided by MPES, is part of the ACCA Applied Knowledge Suite. It is designed to build core accounting expertise and prepare learners for advanced studies within the ACCA pathway. Completing this course enables learners to develop in-demand skills, enhancing employability and contributing to professional success.

Course Objectives

Understand key accounting principles and their applications
Learn to prepare financial statements
Analyse and interpret financial reports effectively
Develop knowledge of key accounting standards
Ensure compliance with financial regulations
Gain insight into maintaining accurate financial records
Build foundational skills for advanced accounting studies

Upon completing this course, learners will gain practical skills in financial accounting, enabling them to prepare, analyse, and interpret financial information with accuracy and confidence, contributing effectively to organisational success.

Average completion time

1 Month

with unlimited support

100% online

Start anytime

Study At Your Own Pace

Blended Learning

Study At Your Own Pace

Course Includes

Expert-led Sessions
Digital Delegate Pack
24/7 Tutor Support
Downloadable Resources & Challenges
Interactive Learning
Exercise Files
Scenario-Based Learning

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

Educational Background: You need at least two A Levels and three GCSEs in five subjects including English & Mathematics
Language Proficiency: Learners should have a good command of English, as all course materials, assessments, and discussions are conducted in English.
Interest in Accounting: This course is ideal for individuals with a keen interest in building real life application-level knowledge and pursuing further ACCA qualifications.

Learning Outcomes

Financial Statement Preparation: Learn to prepare accurate financial statements, ensure compliance with accounting standards and support informed decision-making.
Analysing Financial Information: Develop the ability to analyse and interpret financial data, identify trends and support strategic business decisions effectively.
Understanding Accounting Standards: Gain comprehensive knowledge of key accounting standards, ensuring accurate reporting and adherence to financial regulations.
Building Foundational Skills: Establish a solid foundation for advanced accounting studies and practical application in professional financial accounting roles.

Target Audience

This course is ideal for individuals seeking to build or enhance their financial accounting skills for career growth in finance:

Aspiring Accountants
Finance Officers
Business Analysts
Audit Assistants
Tax Professionals
Financial Controllers
Entrepreneurs

Course content

Module 1: The Context and Purpose of Financial Reporting

Module 2: Accounting Principles, Concepts and Qualitative Characteristics

Module 3: The Use of Double-entry Bookkeeping and Accounting Systems

Module 4: Recording Transactions and Events

Module 5: Reconciliation

Module 6: Preparing a Trial Balance

Module 7: Preparing Financial Statements

Module 8: Preparing Basic Consolidated Financial Statements

Module 9 Interpretation of Financial Statements

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
Get expert guidance from tutors available online to assist with your studies.
Check your eligibility for exemptions with the relevant professional body before starting.
Our supportive team is here to offer study advice and support throughout your course.
Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

ACCA Salary Growth

Career Growth Stories

Discover how MPES Learning transforms careers with real success stories.

Aaron Allcote

As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.

Aaron Allcote

Finance Officer

Bob Beaumont

I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.

Bob Beaumont

Senior Accountant

Arvy Pasanting

As a qualified accountant, studying with MPES has been very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just at excel in my current role as an auditor, but also inspired me to expand my horizons.

Arvy Pasanting

Audit Senior

David Ford

I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising online learning opportunities that fit around the needs of my employer.

David Ford

Accountant

Aaron Allcote

Aaron Allcote

Finance Officer

Bob Beaumont

Bob Beaumont

Senior Accountant

Arvy Pasanting

Arvy Pasanting

Audit Senior

David Ford

David Ford

Accountant

ACCA Roadmap

Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What does this course cover?

The course covers recording financial transactions, preparing statements, adhering to IFRS, and understanding the fundamentals of financial accounting processes.

Q. Do I need prior experience to register for this course?

No prior experience is necessary. This course is suitable for beginners or those starting their journey in financial accounting and reporting.

Q. What skills will I gain from this training?

You’ll learn transaction recording, financial statement preparation, and compliance with international accounting standards, building a strong foundation for advanced finance roles.

Q. How is the course delivered?

The course includes theoretical lessons, practical exercises, and case studies, ensuring participants understand and apply financial accounting concepts effectively.

Q. Will I receive a recognised qualification?

Yes, upon completion, you’ll earn the ACCA Applied Knowledge Financial Accounting Certification, recognised globally and valued by employers worldwide.

Q. What does the Financial Accounting (FA) course cover?

The Financial Accounting (FA) course covers essential topics such as preparing and interpreting financial statements, understanding accounting standards, and ensuring compliance with financial regulations. Learners gain skills to analyse financial data effectively, supporting informed decision-making. This foundational course is crucial for advancing in finance and accounting roles and provides practical knowledge applicable in real-world scenarios.

Q. How does this course benefit my career in accounting or finance?

This course equips learners with vital financial reporting skills, building confidence in preparing and analysing financial data. It strengthens your accounting knowledge, enhances employability, and prepares you for advanced studies in the ACCA pathway. Employers value these skills, which are essential for roles in financial management, auditing, or business decision-making.

Q. Is the Financial Accounting (FA) course suitable for beginners?

Yes, the course is ideal for beginners or those with limited accounting experience. It introduces fundamental financial accounting concepts and focuses on building essential skills. This makes it a perfect starting point for learners aiming to pursue a career in finance or accounting.

Q. What skills will I develop by completing this course?

Learners will gain practical skills in financial statement preparation, financial data analysis, and understanding accounting standards. These competencies ensure accurate reporting, compliance with regulations, and support effective financial decision-making.

Q. How is the knowledge gained in this course applicable to real-world scenarios?

The course provides practical accounting skills that can be immediately applied in professional settings. Learners will confidently handle tasks like preparing financial statements, interpreting data, ensuring compliance with standards, supporting businesses effectively.

Related Courses

Explore additional courses designed to complement your learning journey and enhance your professional skills. Expand your knowledge with these expertly curated options tailored to your career goals.

Business and Technology (BT) Go To Course

Maria Thompson

04-Dec-2024

Read Blog