Recording Financial Transactions (FA1) September …

1 Recording Financial explains in further detail what the examination intends to assess and how. Transactions (FA1) Detailed syllabus September 2016 to This shows the breakdown of the main capabilities August 2017 (sections) of the syllabus into subject areas. This is the blueprint for the detailed study guide . This syllabus and study guide are designed to help Approach to examining the syllabus with teaching and learning and is intended to provide detailed information on what could be This section briefly explains the structure of the assessed in any examination session. examination and how it is assessed. THE STRUCTURE OF THE SYLLABUS AND Study guide STUDY guide . This is the main document that students and Relational diagram with other papers learning and content providers should use as the basis of their studies, instruction and materials This diagram shows direct and indirect links respectively.

2 Between this examination and other examinations Examinations will be based on the detail of the which precede or follow it. Some examinations are study guide which comprehensively identifies what directly underpinned by others. These links are could be assessed within any examination session. shown as solid line arrows. The indirect links are The study guide is a precise reflection and shown as dotted line arrows. The relational diagram breakdown of the syllabus. It is divided into sections therefore indicates where learners are expected to based on the main capabilities identified in the have underpinning knowledge and where it would syllabus. These sections are divided into subject be useful to review previous learning before areas which relate to the sub-capabilities included undertaking study.

3 In the detailed syllabus. Subject areas are broken down into sub-headings which describe the detailed Overall aim of the syllabus outcomes that could be assessed in examinations. These outcomes indicate what exams may require This explains briefly the overall objective of the students to demonstrate, and the broad intellectual examination and indicates in the broadest sense the level at which these may need to be demonstrated capabilities to be developed within the examination. (*see intellectual levels below). Main capabilities Learning Materials This syllabus's aim is broken down into several ACCA's Approved Content Programme is the main capabilities which divide the syllabus and programme through which ACCA approves study guide into discrete sections.

4 Learning materials from high quality content providers designed to support study towards ACCA's qualifications. Relational diagram of main capabilities ACCA has three Approved Content Providers, Becker This diagram illustrates the flows and links between Professional Education, the main capabilities (sections) of the syllabus and BPP Learning Media and Kaplan Publishing. BPP. should be used as an aid to planning teaching and Learning Media and Kaplan Publishing produce learning in a structured way. learning materials to support this exam. Syllabus rationale For information about ACCA's This is a narrative explaining how the syllabus is Approved Content Providers, please go to structured and how the main capabilities or sections ACCA's Content Provider Directory.

5 Of the syllabus are linked. The rationale also 1. ACCA 2016 -2017 All rights reserved. The Directory also lists materials by other guide TO EXAM STRUCTURE. publishers, these materials have not been quality assured by ACCA but may be helpful if used in The structure of examinations varies within and conjunction with approved learning materials or for between modules and levels. variant exams where no approved content is The Foundations examinations contain 100%. available. You will also find details of Additional compulsory questions to encourage candidates to Reading suggested by the examining teams and this study across the breadth of each syllabus. may be a useful supplement to approved learning All Foundations examinations are assessed by two- materials.

6 Hour paper based and computer based examinations. ACCA's Content Provider Directory can be found The pass mark for all FIA examination papers is here 50%. H qual-student-journey/study-revision/lear ning- guide TO EXAMINATION ASSESSMENT. ACCA reserves the right to examine anything Relevant articles are also published in Student contained within any study guide within any Accountant and available on the ACCA website. examination session. This includes knowledge, techniques, principles, theories, and concepts as specified. LEVEL OF ASSESSMENTS INTELLECTUAL. DEMAND For specified Financial accounting, audit and tax papers, except where indicated otherwise, ACCA. ACCA qualifications are designed to progressively will publish examinable documents once a year to broaden and deepen the knowledge and skills indicate exactly what regulations and legislation demonstrated by the student at a range of levels could potentially be assessed within identified through each qualification.

7 Examination sessions. Throughout, the study guides assess both For this examination regulation issued or legislation knowledge and skills. Therefore a clear distinction is passed on or before 31st August annually, will be drawn, within each subject area, between assessing assessed from September 1st of the following year to knowledge and skills and in assessing their August 31st of the year after. Please refer to the application within an accounting or business examinable documents for the paper (where context. The assessment of knowledge is denoted by relevant) for further information. a superscriptK and the assessment of skills is denoted by the superscriptS. Regulation issued or legislation passed in accordance with the above dates may be VALUE OF ASSESSMENTS GUIDED LEARNING examinable even if the effective date is in the future.

8 HOURS AND EDUCATION RECOGNITION The term issued or passed relates to when regulation or legislation has been formally approved. As a member of the International Federation of Accountants, ACCA seeks to enhance the education The term effective relates to when regulation or recognition of its qualification on both national and legislation must be applied to entity Transactions international education frameworks, and with and business practices. educational authorities and partners globally. In doing so, ACCA aims to ensure that its qualifications The study guide offers more detailed guidance on are recognized and valued by governments, the depth and level at which the examinable regulatory authorities and employers across all documents will be examined.

9 The study guide sectors. To this end, ACCA qualifications are should therefore be read in conjunction with the currently recognized on the education frameworks in examinable documents list. several countries. Please refer to your national education framework regulator for further information about recognition. 2. ACCA 2016 -2017 All rights reserved. Qualification structure The qualification structure requires candidates who wish to be awarded the Introductory Certificate in Financial and Management Accounting to pass both the FA1 and MA1 examinations and successfully complete the Foundations in Professionalism module. Introductory FA1 MA1 Certificate in + + FiP* =. Financial and Management Accounting * Foundations in Professionalism Syllabus structure The FIA suite of qualifications is designed so that a student can progress through three discrete levels.

10 Introductory, Intermediate and Advanced, However, entry is possible at any point. Students are recommended to enter Foundations in Accountancy at the level which is most appropriate to their needs and abilities and to take examinations in order, but this is not a requirement. FIA FFA. FA2. FA1. 3. ACCA 2016 -2017 All rights reserved. Syllabus On successful completion of this paper, candidates should be able to explain and understand the following: AIM. A. Types of business Transactions and To develop knowledge and understanding of the documentation main types of business Transactions and documentation and how these are recorded in an B. Duality of Transactions and the double entry accounting system up to the trial balance stage.