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OpenLearning

FIA FA2 Maintaining Financial Records (Full Course Sep'25 sitting)

via OpenLearning

Overview

Learn fundamental accounting principles and master double-entry bookkeeping through this comprehensive course designed for the FIA FA2 September 2025 examination. Explore core accounting concepts and characteristics while developing practical skills in preparing journal entries and maintaining general ledger accounts. Record various business transactions and events systematically, then perform essential reconciliations to ensure accuracy. Master the preparation of trial balances, including techniques for identifying and correcting common errors. Process year-end manual journal entries and compile complete financial statements following professional standards. Gain specialized knowledge in partnership accounting, covering the unique aspects of recording and reporting for partnership entities.

Syllabus

  • Explain accounting principles, concepts and characteristics
  • Describe the principles and process of double-entry bookkeeping
  • Prepare journal entries and general ledger accounts
  • Record transactions and events
  • Perform reconciliations
  • Prepare a trial balance (including identifying and correcting errors)
  • Process year-end manual journal entries and prepare financial statements
  • Account for partnerships

Taught by

UOWMPAC online

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