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OpenLearning

FIA FA1 Recording Financial Transactions (Full Course Jun'25 sitting)

via OpenLearning

Overview

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This course develops foundational bookkeeping skills for recording business transactions. It covers source documentation, double-entry bookkeeping, payroll, ledger accounts, cash and credit transactions, reconciliations, and trial balances.

Syllabus

  • Describe types of business transactions and documentation
  • Explain the duality of transactions and double-entry bookkeeping
  • Summarise the banking system and transactions
  • Process payroll transactions
  • Prepare general ledger accounts
  • Record cash and bank transactions
  • Record sales and credit transactions
  • Record purchases and credit transactions
  • Perform reconciliations
  • Prepare the trial balance

Taught by

UOWMPAC online

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