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OpenLearning

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

via OpenLearning

Overview

Learn the fundamentals of financial transaction recording through this comprehensive course covering business transaction types and documentation, double-entry bookkeeping principles, and the duality concept. Master banking system operations and payroll processing while developing skills in general ledger account preparation. Practice recording various transaction types including cash, bank, sales, credit, and purchase transactions, then advance to performing reconciliations and preparing trial balances to ensure accurate financial records.

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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