Courses
Foundation in Accounting (FIA)
- 7 Papers
- 1 Year
Overview
The Foundation in Accountancy (FIA) is a course for those looking to pursue a career in the accounting and finance profession as well as aspiring graduates desiring to further their careers in the field of accountancy by obtaining a qualification awarded by ACCA, a globally recognised professional accountancy body. The course covers a range of subjects that form the core competencies required to pursue a professional qualification in this industry and is suitable for people with non-accounting backgrounds.
FIA is the fastest and most efficient pathway to achieve the ACCA Qualification that is recognised globally. FIA graduates progressing to the ACCA qualification are granted exemptions from the Applied Knowledge Module (3 papers) and thus start directly at Applied Skills level (6 papers). The minimum entry requirement to FIA is 5 GCE O’ Level credit (with English & Mathematics).
FIA programme consists of 7 modules and can be completed within 1 year on average.
Modules
Introductory Level
FA1 - Recording Financial Transaction
Students are introduced to the fundamentals of preparing and recording financial documentation from originating documents and processing ledger transactions up to the trial balance stage. It also covers relevant banking procedures associated with bookkeeping, maintaining and reconciling cash and petty cash records and preparing the journal and relevant control accounts and identifying and correcting errors.
Detailed syllabus can be read here
Module Fee: BND 390 Exam Fee: BND180
MA1 - Management Information
Students are introduced to basic costing principles and techniques and the tools with which to use these principles and techniques. The syllabus starts by introducing business organisations and the specific role of management accountant within the organisation. The next section deals with cost classification followed by the identification of sources of information and coding, to ensure that cost information is properly classified. The syllabus then introduces basic techniques for recording costs.
It finally introduces students to spreadsheets as an important tool in supporting cost and management accounting.
Detailed syllabus can be read here
Module Fee: BND 390 Exam Fee: BND180
Intermediate Level
FA2 - Managing Financial Records
Students are introduced to the context and purpose of maintaining financial records with reference to accounts preparation. The syllabus then concentrates in depth on the double-entry system and on recording, processing, and reporting business transactions and events, including the specific accounting for non-current assets.
The syllabus covers the use of the extended trial balance and how to identify and correct errors, including the reconciliation of the control accounts, and the posting of period end adjustments. The syllabus also covers the preparation of final accounts for sole traders and for partnerships.
Detailed syllabus can be read here
Module Fee: BND 680 Exam Fee: BND180
MA2 - Managing Cost and Finance
Students are introduced to costing and financing principles and techniques, and elements of management accounting which are used to make and support decisions.
The syllabus starts by introducing students to management information clearly distinguishing it from financial accounting information. The next section introduces the basics of recording costs in management accounting. This is followed by coverage of a variety of costing techniques used in business. The next area of the syllabus introduces students to the use of management accounting in support of decision making. Finally, the syllabus introduces the concept of cash management as an essential element for planning.
Detailed syllabus can be read here
Module Fee: BND 680 Exam Fee: BND180
Advanced Level
FBT - Business and Technology
Students who may not have a business background, are introduced to the business, which as an entity is made up of people and systems which interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors.
The syllabus then examines the structure and functions of business, focusing on corporate governance and the specific accounting related roles in this process, particularly in financial reporting, assurance, control and compliance. The syllabus also covers financial systems including the impact of financial technology.
Key leadership, management and people issues such as
effective individual and team behavior, motivation and personal effectiveness are also covered in this module. In the final section of the module we examine how behavior at all levels within business should be underpinned by accepted professional ethics and professional values.
Detailed syllabus can be read here
Module Fee: BND 750 Exam Fee: BND240
FMA - Management Accounting
FMA introduces students to elements of management accounting which are used to make and support decisions. The syllabus starts by introducing the nature, the source and purpose of management information followed by the statistical techniques used to analyse data. Then it addresses cost accounting and the costing techniques used in business which are essential for any management accountant.
students will then learn the preparation and use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business activities. Lastly the module concludes with an introduction to measuring and monitoring the performance of an organisation.
Detailed syllabus can be read here
Module Fee: BND 750 Exam Fee: BND240
FFA - Financial Accounting
Students are introduced to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative characteristics of useful information. The module also covers drafting financial statements and the principles of accounts preparation and then concentrates in depth on recording, processing, and reporting business transactions and events. The use of the trial balance and how to identify and correct errors, and the preparation of financial statements for incorporated and unincorporated entities are also taught in this module.
At the end of this module, students will be able to conduct a basic interpretation of financial statements as well as preparing simple consolidated financial statements from the individual financial statements of group incorporated entities.
Detailed syllabus can be read here
Module Fee: BND 750 Exam Fee: BND240
