CIMA Fundamentals of Financial Accounting (BA3)

The Fundamentals of Financial Accounting Course provides learners with essential knowledge of financial accounting principles and practices. It equips learners with the skills to record, analyse, and report financial transactions, ensuring compliance with accounting standards and supporting effective decision-making.

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Overview

The Fundamentals of Financial Accounting Course is designed to provide learners with a strong foundation in financial accounting principles. Ideal for individuals pursuing careers in accounting or finance, the course focuses on developing the technical knowledge and practical skills necessary to record, analyse, and report financial transactions accurately.

Learners will explore key topics such as the preparation of financial statements, the principles of double-entry bookkeeping, and the application of accounting standards. The course emphasises the importance of accuracy and compliance in financial reporting, enabling learners to contribute effectively to organisational success.

This course, offered by MPES, ensures learners are well-prepared for the challenges of financial accounting roles. By mastering these concepts, learners will enhance their ability to manage financial records, communicate financial information, and support organisational decision-making.
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Course Objectives

Understand the principles of double-entry bookkeeping and its role in financial accounting
Develop the skills to prepare and interpret financial statements
Learn to apply accounting standards in recording and reporting financial transactions
Build accuracy and compliance in financial reporting to support decision-making
Establish a foundation for advancing to higher-level accounting qualifications

Upon completion, learners will possess the expertise to handle financial accounting responsibilities confidently, contributing to business transparency and success.

Average completion time

4 Month

with unlimited support

100% online

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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: No prior accounting experience is required. A basic understanding of mathematics and logical reasoning will assist learners in navigating the course content effectively.
Language Proficiency: Learners should have a good command of English, as all course materials, assessments, and discussions are conducted in English.
Interest in Accounting and Finance: This course is ideal for individuals keen to understand financial accounting principles and pursue further qualifications or careers in finance and accounting.

Learning Outcomes

Understand Financial Accounting Principles: Gain a solid foundation in financial accounting concepts, including double-entry bookkeeping and the preparation of financial statements.
Develop Bookkeeping Skills: Learn to record and manage financial transactions accurately using double-entry principles.
Prepare Financial Statements: Acquire the skills to prepare balance sheets, income statements, and cash flow statements that meet accounting standards.
Apply Accounting Standards: Understand and implement key accounting standards to ensure compliance and transparency in financial reporting.

Target Audience

The Fundamentals of Financial Accounting Course is ideal for individuals aiming to build expertise in financial accounting and reporting. Below are the professionals who can benefit from this course:

Aspiring Accountants
Finance Assistants
Junior Bookkeepers
Payroll Officers
Accounts Clerks
Business Administrators
Entrepreneurs

Course content

Module 1: Accounting Principles, Concepts and Regulations

Principles and Concepts of Financial Accounting
Impact of The Regulatory Framework on Financial Accounting

Module 2: Recording Accounting Transactions

Prepare Accounting Records
Prepare Accounting Reconciliations
Prepare Accounting Entries for Specific Transactions

Module 3: Preparation of Accounts for Single Entities

Prepare Accounting Adjustments
Prepare Manufacturing Accounts
Prepare Financial Statements for a Single Entity

Module 4: Analysis of Financial Statements

Identify Information Provided by Accounting Ratios
Calculate Basic Accounting Ratios

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.

CIMA 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

CIMA 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. Is the CIMA Fundamentals of Financial Accounting Course suitable for beginners?

Yes, the CIMA Fundamentals of Financial Accounting Course is designed for beginners, providing a strong foundation in financial accounting principles and practices, making it ideal for those starting their journey in accounting and finance.

Q. Who should take the CIMA Fundamentals of Financial Accounting Course?

This course is ideal for aspiring Accountants, Finance Assistants, Business Analysts, Entry-level Finance Professionals, and students beginning their journey in Financial Accounting.

Q. What will I learn in the CIMA Fundamentals of Financial Accounting Course?

Participants will learn how to prepare financial statements for single entities, apply controls to accounting systems, identify and correct errors, and understand the financial reporting process essential for business success.

Q. How does the CIMA Fundamentals of Financial Accounting Course help in career advancement?

This course provides a strong foundation in Financial Accounting, equipping learners with the technical expertise needed to excel in entry-level accounting roles and advance to higher levels of the CIMA qualification.

Q. Can I take the CIMA Fundamentals of Financial Accounting Course online?

Yes, this course is available online, providing flexible learning options that allow you to study at your own pace and from any location.

Q. What is the Fundamentals of Financial Accounting Course about?

This course provides a comprehensive introduction to financial accounting, covering concepts such as double-entry bookkeeping, financial statement preparation, and compliance with accounting standards, essential for accurate financial reporting.

Q. Who should take this course?

The course is ideal for aspiring Accountants, Finance Assistants, Bookkeepers, and individuals seeking to develop foundational skills in financial accounting or pursue further qualifications in the field.

Q. Are there any prerequisites for this course?

No prior accounting experience is needed. A basic understanding of mathematics and logical reasoning, along with proficiency in English, will support learners in navigating the course effectively.

Q. How does this course benefit my career?

The course equips learners with critical financial accounting skills, enabling them to handle financial records accurately, support organisational decision-making, and progress to advanced qualifications or professional roles.

Q. What resources and support are provided during the course?

Learners will receive comprehensive study materials, practical exercises, and professional guidance, ensuring they can confidently apply financial accounting techniques to real-world business scenarios.

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