Course Highlights
  • Understanding the basic types of business transactions & documentation
  • Understanding duality of transactions & the double entry system
  • Understanding the basics of the banking system & transactions
  • Understanding the basics of payroll
  • Introduction to ledger accounts
  • Understanding to the basics of cash & bank
  • Introduction to sales & credit transactions
  • Introduction to purchases & credit transactions
  • Introduction to reconciliations
  • Preparing the trial balance
Curriculum

1 Topic
Introduction to recording financial transactions

7 Topics
Key Terms
Types of business transactions
Types of business transactions quiz
Key Terms
Discounts coding & sales tax
Illustration
Discounts coding & sales tax quiz

6 Topics
Key Terms
Double entry bookkeeping introduction
Double entry bookkeeping introduction quiz
Key Terms
Double entry bookkeeping continued
Double entry bookkeeping continued quiz

3 Topics
Key Terms
The banking process
The banking process quiz

6 Topics
Key Terms
Monitoring & controlling sales
Monitoring & controlling sales quiz
Key Terms
Sales day book & sales ledger
Sales day book & sales ledger

6 Topics
Key Terms
Monitoring & controlling purchases
Monitoring & controlling purchases quiz
Key Terms
Purchase day book and purchase ledger
Purchase day book and purchase ledger quiz

3 Topics
Key Terms
Cash and Bank
Cash and Bank quiz

2 Topics
Payroll
Payroll quiz

3 Topics
Key Terms
Reconciliations
Reconciliations quiz

2 Topics
Trial balance
Trial balance

2 Topics
Revision
Mock Exam

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ACCA FA1 Recording Financial Transactions

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