FIA Foundation In Accounting

Course Duration 250 hours
Course Fee £795
Levels Foundation
Study Method icon-elearn
The ACCA FIA Foundation course is available at foundation level

FIA Foundation In Accounting

FIA Foundation In Accounting?

INTRODUCTORY CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING

Awarded by the Association of Chartered Certified Accountants (ACCA), FIA is a variable group of entry-level accounting awards which focus on the core skills of Management Accounting, Financial Accounting and audit at international standards. The awards are appropriate for those who plan to start out in finance, accounting and audit professions but have no specific formal qualifications.

ACCA’s group of entry-level awards – Foundations in Accountancy – has been created with the employers in mind. This group of qualifications will supply you with the access to competent and ethical technicians, trained to consistent standards, with built-in flexibility to allow for skills and expertise to be tailored meeting different business environments and needs.

To get the qualification you will need to take an exam with the ACCA.

Why choose FIA?

Build a good foundation in accountancy to enable you to embark in a new career and start out in various positions such as Audit Assistants, Tax Assistants, Accountants, Management Accountants and Budget Assistants etc

Who is FIA suitable for?

School leavers

University students

University graduates with non-accountancy majors

Career Opportunities:

Students with the FIA qualification are in a good position to obtain a junior position in a professional accounting firm or in commerce because of the specialised nature of the course, graduates will be able to commence work immediately. Their familiarity and a foundation in the basics of accounting procedures will give them an edge over other recruits.

Candidates can advance further in their career towards the Chartered Accountant position by obtaining the globally-recognised ACCA (Associations of Chartered Accountants) Qualification.

EXAMS

AimRedstone offers you e-learning tuition towards these awards which is not authorised or approved by ACCA.

NOTE: To obtain the award, you must register directly with ACCA and take the exam at one of their dedicated exam centres. See ACCA’s website www.accaglobal.com for further details.

Course Aims

Upon completion of the training course you will:

Learn how Management Information works
Learn how Recording Financial Transactions work
Understand the accounting requisites
Learning Plan and Content

The course is divided into two main topics (FA1 and MA1) which covers:

FA1

  1. Types of business transactions and documentation
  2. Duality of transactions and the double entry system
  3. Banking system and transactions
  4. Payroll
  5. Ledger accounts
  6. Cash and Bank
  7. Sales and Credit transactions
  8. Purchases and Credit transactions
  9. Reconciliation
  10. Preparing the trial balance

MA1

  1. Explain the nature and purpose of cost and management accounting
  2. Identify source documents in a costing systems and correctly code data
  3. Classify costs by nature, behaviour and purpose
  4. Record costs for material, labour and expenses
  5. Provide information on actual and expected costs
  6. Use the spreadsheet system in Microsoft excel

Duration

The course will take approximately 250 hours to complete

However the length of time taken to complete the course is subjective of your own individual learning ability, how quickly you can study and absorb the information taught. You have total flexibility to learn as quickly or slowly as you like, and there is no specified time limit on how long you can take to do the course.
What you will receive:

This course provides you with total freedom and flexibility to how you want to study;

What you will receive:

This course provides you with total flexibility to how you study; you can choose to study via the two options below from the comfort of your own home at a time that suits you best.

eLearning

Studying via this method you will receive instant access to the course materials to study online. The course can be accessed via the internet from a Laptop or PC. You can study at any time of day or night, whichever suits you best.

In order to get started on this course just click on the Book Now button associated with the preferred study method: