Foundations in Accounting (FIA)

Intermediate Certificate in Financial and Management Accounting

This course enables you to train fully for the Intermediate Certificate. You will cover a wide range of accounting topics and have the opportunity to develop your accounting skills through a carefully structured combination of practical tasks and activities.
The study topics include:

Paper FA2 - Maintaining Financial Records

• Revision of basic bookkeeping
• Accounting concepts and standards
• Advanced accounting procedures
• The treatment of stocks
• Fixed assets and depreciation
• The extended trial balance
• Incomplete records
• Club accounts, manufacturing accounts and partnerships

Paper MA2 - Managing Costs and Finances

• Introduction to cost accounting
• Classification and behaviour of costs
• Material costs and stock control
• Labour costs and expenses
• Marginal costing and absorption costing
• Cost bookkeeping
• Job, batch, contract, process and service costing
• Data analysis

Before you start: you will need FIA/CAT Introductory Level or an equivalent ACCA approved qualification (such as a GNVQ Intermediate in Business) to take this course.

This course will help you:

• Get to grips with new technology
• Prepare P & L accounts and Balance Sheets for small businesses
• Learn how to control and account for material, labour and overhead costs
• Prepare you for the ACCA Intermediate Level examinations
• Gain a qualification for many jobs in accountancy e.g. Assistant Financial Accountant, Assistant Cost Accountant etc.

Enrol now.