FIA (FA1) Recording Financial Transactions Exam Kit 2023/2024

Summary and topics covered:

The FA1 Exam Kit has been designed to use alongside the Study Text. You’ll get over 300 exam-style questions that cover the main principles of preparing and recording financial documentation, which has evolved to incorporate modern computerised accounting processes. You’ll be tested on the main types of business transactions, and key examinable topics.

Included are our recommended revision approach, key answer tips, paper-specific information, and practice questions with answers. The Foundations Exam Kits are ACCA approved, so rest assured the content fully covers the syllabus.

Topics covered:

• Types of business transactions and documentation
• Duality of transactions and the double entry system
• Banking systems and transactions
• Payroll
• Ledger Accounts
• Cash and Bank
• Sales and Credit transactions
• Purchases and Credit transactions
• Reconciliation
• Preparing the trial balance

Exam sittings
Computer Based Exams (CBEs) from September 2023 to June 2024 inclusive