Josie Adams

Josie Adams

Senior Lecturer
Nick Weller

Nick Weller

Author & Technical Reviewer
IITE Institute

IITE Institute



Israac Street, Hamar Jajab District, Benadir




Prepare for ACCA’s exam ‘Financial Accounting (FA)/FFA’, part of the ACCA Diploma in Accounting and Business (RQF Level 4).

About this course

Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements.

The course will allow you to demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.

Upon completion of this course, you will understand how to:

  • record, process and report business transactions
  • use the trial balance and identify and correct errors
  • draft financial statements
  • apply the qualitative characteristics of useful information.

Completion of this course will also prepare you for the ACCA exam ‘Financial Accounting (FA)/FFA’, one of three exams required to achieve the ACCA Diploma in Accounting and Business (RQF Level 4).

To check the availability of this course in your country please click here.

This course does not offer an edX certificate.

Those learners who would like to earn an award will have the opportunity to register with ACCA as a student, take computer-based exams and gain the ACCA Diploma in Accounting and Business.

You can find your nearest ACCA exam centre on the ACCA website.

What you will learn

  • Context and purpose of financial reporting
  • Qualitative characteristics of financial information
  • Use of double-entry and accounting systems
  • How to record transactions and events
  • How to prepare a trial balance (including identifying and correcting errors)
  • How to prepare basic financial statements for incorporated and unincorporated entities
  • How to prepare simple consolidated financial statements
  • Interpretation of financial statements.

Weekly live tutor sessions

These will take place at the following times. If you miss a session you can always catch up by watching a recording.

  • Week 1: Thursday at 10:30am (UTC +1)
  • Week 2 to Week 9: Thursday at 11am (UTC +1)
  • Week 10: Thursday 10:30am (UTC +1)

Entry requirements

Take this course if you’re just starting out in finance, or if you work in finance but do not yet have a professional qualification.

Launch Course

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