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  • Online Video-Based Learning
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  • Expert Trainers with Industry Experience
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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. 

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Average completion time

1 Month
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Blended Learning

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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.

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MPES Learning offers globally recognised courses in accounting,

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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. 

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Resources

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