Zenler Player
Your course is loading. Hang tight.
Financial Accounting - Level 1
Back to curriculum
0% Complete
0% Complete
Introduction to AAT FAC
Structure of FAC101 syllabus
Learning objectives of Chapter 1
Learning objectives of Chapter 2
Learning objectives of Chapter 3
Learning objectives of Chapter 4
Learning objectives of Chapter 5,6
Our promise to our students pass levels
Aims and Objectives of Financial Accounting
Stakeholders and users of financial information
Difference between Financial Accounting and Management Accounting
Functions of an Accounting Technicians, Accounting process, PESTEL, Limitations of financial information
Entity Concept, elements of financial statements
Recording Business Transactions in line with Accounting Equation
2.5 Double Entry System
2.6 Other Accounting Concepts (Going concern, Periodic, Historical Cost, Money Measurement, Matching, Accrual, Prudence, Consistency, Realization, Materiality, Substance over-form)
3.1 Source Documents
3.2 Purpose of Prime Entry Books
3.3 Cash Book (Cash Receipts Journal and Cash Payments Journal)
3.4 Petty Cash Book
3.5 Cash Control Account
3.6 Purchase Daybook
3.7 Returns Outward Daybook
3.8 Sales Daybook
3.9 Returns Inwards Daybook
3.10 General Journal
3.11 Classification of Ledgers
3.12 Purpose of Control Account
3.13 Control Accounts and Reconciliation Statement
3.14 Trial Balance
3.15 Various Types of Errors in Accounting
3.16 Purpose of Suspense Accounts
3.17 Correction of Errors
4.1 Objectives of Financial Statements
4.2 Adjustment of Accruals, Prepayments, Closing Stock and Allowance for Trade Receivables
4.3 Adjustment for Depreciation, and Methods of Depreciation
4.4 Capital and Revenue Expenditure
4.5 Income Statement of a Sole Proprietorship
4.6 Statement of Financial Position of a Sole Proprietorship
4.7 Manufaturing Account of the Organization
5.1 Purpose and need for preparation of Bank Reconciliation Statements
5.2 Preparation of adjusted Cash Control Account and Bank Reconciliation Statements
6.1 Basic understanding on Computerized Accounting (including; purposes, functions and accounting packages)
6.2 Basic understanding of Business Ethics
Message From the Instructor - Faizal Meeramohaideen
Introduction to AAT FAC
Preview
Introduction to Level 1 Financial Accounting (FAC101)
Structure of FAC101 syllabus
Learning objectives of Chapter 1
Learning objectives of Chapter 2
Learning objectives of Chapter 3
Learning objectives of Chapter 4
Learning objectives of Chapter 5,6
Our promise to our students pass levels
Chapter 1 - Introduction to Accounting (5%)
Aims and Objectives of Financial Accounting
Stakeholders and users of financial information
Difference between Financial Accounting and Management Accounting
Functions of an Accounting Technicians, Accounting process, PESTEL, Limitations of financial information
Chapter 2 - Accounting Equation, Double Entry System and Accounting Concepts (25%)
Entity Concept, elements of financial statements
Recording Business Transactions in line with Accounting Equation
2.5 Double Entry System
2.6 Other Accounting Concepts (Going concern, Periodic, Historical Cost, Money Measurement, Matching, Accrual, Prudence, Consistency, Realization, Materiality, Substance over-form)
Chapter 3 - Prime Entry Books, Control Accounts and Trial Balance (27%)
3.1 Source Documents
3.2 Purpose of Prime Entry Books
3.3 Cash Book (Cash Receipts Journal and Cash Payments Journal)
3.4 Petty Cash Book
3.5 Cash Control Account
3.6 Purchase Daybook
3.7 Returns Outward Daybook
3.8 Sales Daybook
3.9 Returns Inwards Daybook
3.10 General Journal
3.11 Classification of Ledgers
3.12 Purpose of Control Account
3.13 Control Accounts and Reconciliation Statement
3.14 Trial Balance
3.15 Various Types of Errors in Accounting
3.16 Purpose of Suspense Accounts
3.17 Correction of Errors
Chapter 4 - Preparation of Financial Statements (30%)
4.1 Objectives of Financial Statements
4.2 Adjustment of Accruals, Prepayments, Closing Stock and Allowance for Trade Receivables
4.3 Adjustment for Depreciation, and Methods of Depreciation
4.4 Capital and Revenue Expenditure
4.5 Income Statement of a Sole Proprietorship
4.6 Statement of Financial Position of a Sole Proprietorship
4.7 Manufaturing Account of the Organization
Chapter 5 - Bank Reconciliation Statements (8%)
5.1 Purpose and need for preparation of Bank Reconciliation Statements
5.2 Preparation of adjusted Cash Control Account and Bank Reconciliation Statements
Chapter 6 - Computerized Environment and Importance of being Ethical (5%)
6.1 Basic understanding on Computerized Accounting (including; purposes, functions and accounting packages)
6.2 Basic understanding of Business Ethics
×
This is an unpublished lesson. This lesson will not be shown for students unless you set it as Public.
Back to Dashboard
No contents are available in this lesson!
No lessons available !
Back to Dashboard
Lesson contents locked
Enroll to unlock this lesson.
Enroll to unlock
Next Lesson