Wednesday 31 December 2014

FA 1-Recording financial transactions | Resources

Fa1 is the first paper of fia . ACCAReloaded produced a resource pack for fia - fa 1 paper . This resource pack includes a lot of free resources for this paper which are given below :

FA1 introduction

This is the first paper of  FIA . The name of FA1 paper of FIA is " Recording Financial Transactions " . FA1 paper of  FIA  is computer based exam ( CBE ) .

FA1- Recording Financial Transactions syllabus areas

For major syllabus areas for fia , fa1 paper and detailed contents Click Here.

FA1- Recording Financial Transactions  video lectures & Notes - Bpp , Lsbf

Mostly video lectures & notes are prepared by LSBF and Bpp for ACCA,FIA papers and students.These video lectures & notes are only available for registered students of LSBF or Bpp.Students have to pay a fee for these notes and video lectures to access them.These lectures and notes are  protected by copyright so can not be distributed or published in any way online or in any other form.

Old video lectures and notes for ACCA-FIA papers are available on different sites on the internet to download free. You can search and find those links and sources very easily on the internet , but we can not post here as it results in copyright infringement . If you expect us to provide you those lectures and notes then keep following points in mind ;

- We can,t provide those links here as it results in copyright infringement 
- So you should simply buy those lectures or notes from bpp or lsbf directly online
- If you need free old video lectures and notes then go to our Facebook fan page and like our page 
- After this  explore our older posts for those video lectures and notes links  to download
- If you are unable to find those posts or links then inbox us for assistance
- We will be happy to assist  you in finding relevant material for you :) 

FA1- Recording Financial Transactions  opentuition video lectures and notes

-Open tuition also provides video lectures for ACCA - FIA papers  and these lectures are available freely  on OT to download. But for FA1 opentuition has not prepared any video lectures yet .
- For FA1 opentuition notes click here.

FA1 Recording Financial Transactions past exam papers | Specimen paper 

To download and practice fia fa1 past papers or specimen exams click here. 

FA1 Recording Financial Transactions examinable documents

For fa1 paper of fia , ACCA has not published any examinable documents yet so there are no examinable documents available for fia - fa1 paper. For more details click here.

FA1 Recording Financial Transactions technical articles

To download and read fia , fa1 technical articles simply click here.

FA1 Recording Financial Transactions examiner,s reports 

To download and read fia , fa1 examiner,s reports simply click here.

FA1 Recording financial Transactions Mock | Cbe exam | Mock exam - Online Demo 

To practice fia , fa1 computer based exam or cbe simply click here.

FA1 Recording Financial Transactions exam fees

To know about fia , fa1 exam fees and important closing dates simply click here .

FA1 Recording Financial Transactions important dates to remember

To know about important closing dates of fia ,fa1 paper simply click here.

FA1 Recording Financial Transactions exam tips ( General )

To read our general exam tips for fia , fa1 simply click here.


Saturday 27 December 2014

FIA - Papers | Examinable Documents | Download

FIA papers (fa 2 , ffa , ftx fau) examinable documents are given below.These documents are released and published   by ACCA for the fia students guidance about their upcoming relevant exams.These documents contain exams notes which provide information and guidance on examinable documents,topics including
any relevant accounting and auditing documents for different papers.Some papers which are not found in below list ,ACCA has not determined or specifically published examinable documents for those papers yet.

For the following below given four papers of FIA only examinable documents are published by ACCA :


FA 2 Examinable Documents 

FFA Examinable Documents

FTX Examinable Documents

FAU Examinable Documents


FIA-foundations in accountancy|Technical Articles

ACCA offers  Student Accountant,s technical articles and examinations technical articles for FIA students. Student Accountant direct is a monthly news wire sent to ACCA - FIA accountancy trainees . S.A Direct
is the only way to reach ACCA - FIA students and  trainees electronically .

Technical articles are published in a ''Student Accountant Magazine'' by ACCA for the guidance of students about their upcoming relevant exams.These technical articles also cover continual professional development and recent market changes and  issues related to those changes and syllabus changes.

To access and apply for S.A.D.click here .Technical articles for FIA papers fa 1 , ma 1 , fa 2 , ma 2 , fab , fma , ffa , fau , ftx , ffm  are given below . For all ACCA and FIA papers technical articles you can aslo click here.


FA 1 technical articles

MA 1 technical articles

FA 2 technical articles

MA 2 technical articles

FAB technical articles

FMA technical articles

FFA technical articles

FAU technical articles

FTX technical articles

FFM technical articles 


FIA all papers examiner,s reports|Read |Download

Examiner reports FIA - ACCA . Examiner,s reports | FIA examiner,s reports .These critical examiners reports are published by ACCA for the student,s guidance about their  upcoming relevant exams.  As ACCA Global  itself says :-

The purpose of the reports is to offer candidates generally constructive feedback as to their performance in the examinations. The reports provide a general commentary on the overall performance of candidates in each session as well as details on:

1-Technical aspects that were being examined in the questions
2-Whether candidates performed well or poorly
3-What aspects of the questions appeared to cause difficulty to candidates and if possible why it was a     problem e.g. lack of knowledge, poor examination technique etc.

FIA papers fa1,ma1,fa2,ma2,fab,fma,ffa,fau,ftx,ffm  examiner,s reports are given below.Good Luck !










Friday 26 December 2014

FIA|Past exam papers|FIA past papers |Download

If you are finding out fia specimen exam paper , fia past papers, fia cbe exams , past exams , mock exam or past exam papers , then congratulations guys ! This time you guys are at the right place .Now ACCA Reloaded provides almost all materials related to fia past exam papers. We provide past papers here for fa1 ,ma1,fa2,ma2,fab,fma,ffa,fau,ftx and ffm , so that fia students get access to past papers for each and every exam.Past papers enable students to practice for the exams and make a grip.Past papers also ensure that you will score in higher margins.

 ACCA Reloaded also does help on CBEs as new students do not have knowledge of fia cbe,s.

 Are you looking for FIA fab ,fma ,ffa Past exam papers ?

So here all past papers including fab past papers , fma past papers ,ffa past papers and others are given  below. Past papers will increase your chances of success in your papers. Start downloading to practice fia specimen exams of fa1 ,ma1,fa2,ma2,fab,fma,ffa,fau,ftx and ffm. Best of Luck ! 
                                        











Foundations in Accountancy Papers - Introduction

Here we will let you know the basic introduction of FIA papers e.g names of papers and their key syllabus areas .FIA,s papers are subdivided into three Certificates and a Diploma.

Introductory certificate in financial and management accounting  

Intermediate certificate in financial and management accounting

 Diploma in accounting and business 

Certified accounting technician 

Thursday 25 December 2014

FIA | FFM Financial Management | Syllabus areas

Major syllabus areas for fia , ffm paper and detailed contents are given below:

Working capital management

- Working capital management cycle
- Inventory cycle
- Payable cycle
- Receivable cycle 

Cash budgeting

- Sources of cash 
- Cash budgeting

Managing cash balances

- Treasury function 
- Over view of financial markets
- Managing surplus and deficit cash balances 

Financing decisions 

- Money in the economy
- Medium term financing 
- Long term financing
- Financing for small and medium sized enterprises

Investment decisions 

- Financing concepts 
- Capital budgeting 
- Capital investment appraisal

Credit management

- Legal issues 
- Credit granting
- Monitoring accounts receivables 
- Debt collection


FIA |FAU foundations in audit - Int | Syllabus areas

Major syllabus areas for fia , fau paper and detailed contents are given below:

Business environment and audit framework 

- The scope and purpose of an audit 
- Duties of auditors
- Professional Ethics  
- The liability of auditors 
- Audit regulations 

Audit planning and risk

- Audit risk and risk assessment  
- Understanding the entity and it,s environment 
- Audit strategy and audit plan
- Audit documentation 

Internal control

- Basics of internal controls 
- Methods to record and evaluate accounting systems 
- Tests of controls 
- Control deficiencies communication to those charged with governance  

Audit evidence and procedures 

- Audit evidence 
- Audit procedures 
- Substantive procedures  
- Computer assisted audit techniques - CAAT,s 

Audit completion 

- Going concern 
- Written representations
- Errors and adjustments 
- Audit reports 

 

FIA | FTX Foundations in Taxation | Syllabus areas

Major syllabus areas for fia , ftx paper and detailed contents are given below:

The UK tax system

- Sources of tax rules and practice
- Types of taxes 

Adjusted trading profit / loss computation  

- Adjustment of trading profit / loss for tax purposes
- Capital allowances 
- Basis of assessments
- Relief for trading losses 
- Partnerships 
- NIC,s for self employed  
- Tax returns preparation and due dates 

Income tax liabilities  

- Introduction to personal taxation 
- Income from employment and Class 1 national insurance contributions ( NIC,s)
- Income from property , savings and investments
- Taxable income and income tax liability computation
- Pension contributions implications on tax liabilities 
- Income tax administration 

 Capital gain tax - CGT 

- The scope of capital gains tax for individuals 
- Basic gains and losses computation 
- Gains and losses on disposal of shares and securities
- Gains and losses on moveable and immovable properties
- Computation of taxable gains and capital gains tax (CGT) payable
- Implications of exemptions and reliefs on CGT payable

Corporation tax liabilities 

- The scope of corporation tax - CT
- Calculation of taxable total profits
- Calculation of corporation tax liability 
- Relief for losses
- Chargeable gains for companies
- Implications of exemptions and reliefs on corporation tax payable 
- Corporation tax return 
- Corporation tax administration  

Value added tax - VAT

- Scope of VAT
- VAT registration and requirements 
- Basics of value added tax
- VAT invoices and records 
- VAT administration 
- VAT schemes and their effects on VAT
- VAT returns preparation and completion 
- VAT information communication to HMRC  
 

Wednesday 24 December 2014

FIA |FFA-F3 Financial Accounting |Syllabus Areas

Major syllabus areas for fia , ffa paper and detailed contents are given below:

The context and purpose of financial reporting

 - The scope and purpose of financial statements for external reporting
 - User,s and stakeholder,s needs
 - The main elements of financial reports
 - The regulatory framework 
 - Duties and responsibilities of those charged with governance

The qualitative characteristics of financial information

- The qualitative characteristics of financial information

The use of double entry and accounting systems

- Use of double entry book keeping principles
- Ledger accounts , books of prime entry and journals

Recording transactions and events

- Sales & purchases
- Inventory
- Cash
- Tangible N.C.A
- Depreciation  
- Intangible N.C.A
- Amortization  
- Accruals and prepayments
- Receivables & Payables 
- Provisions and contingencies  
- Capital structure and finance costs 

Preparing a trial balance

- Trial balance (TB)
- Correction of errors
- Bank reconciliation
- Suspense accounts

Preparing basic financial statements  

- Statement of financial position - balance sheet 
- Statement of financial performance : income statement and statement of comprehensive income
- Disclosure notes 
- Incomplete records 
- Events after the reporting period 
- Cash flow statements 

Preparing simple consolidated financial statements

- Subsidiaries
- Associates 

Interpretation of financial statements

- Basic purpose and importance of interpretation & analysis
- Ratio analysis
- Analysis of financial statements

 

Tuesday 23 December 2014

FIA|FMA Management Accounting |Syllabus areas

Major syllabus areas for fia , fma paper and detailed contents are given below:

The nature , source and purpose of management information

 - Accounting for management
 - Sources of data
 - Cost classification  
 - Presentation of information

Cost accounting  techniques

  - Accounting for labour , material , overheads
  - Absorption and marginal costing 
  - Cost accounting methods
  - Alternative cost accounting principles

Budgeting

- Nature and purpose of budgeting
- Statistical techniques
- Preparation of budgets 
- Flexible budgets
- Capital budgeting and discounted cash flow
- Budgetary control and reporting
- Behavioural aspects of budgeting

Standard Costing

- Standard costing system
- Calculation of variances and analysis
- Reconciliation of budgeted and actual profit

Performance measurement

- Measurement of performance - overview
- Measurement of performance - application
- Cost reductions and value enhancement 
- Monitoring of performance and reporting
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FIA | FAB Accountant in Business |Syllabus areas

Major syllabus areas for fia , fab  paper and detailed contents are given below:

The business organization , stakeholders and external environment 

 - Types of business organization
 - Stakeholders of business organization
 - Political and legal factors affecting business organization
 - Micro economic factors 
 - Macro economic factors 
 - Social and demographic factors
 - Technological factors
 - Environmental factors
 - Competitive factors

Business organizational structure , functions and governance

 - Business organizational structure and design
 - Formal , informal organizational structure
 - Culture of organization
 - Business organization committees 
 - Governance and corporate social responsibility (CSR)

Accounting and reporting systems , Controls and compliance

 - The relationship between accounting and other businesses
 - Accounting and finance functions within business organization
 - Laws and regulations governing  accounting and auditing
 - The sources of internal , external financial information
 - The purpose of internal , external financial information
 - Financial systems , procedures and related IT applications 
 - Internal controls , authorization , security of data and compliance within business organization
 - Fraud and fraudulent behaviour , detection and prevention e.g money laundering

Leading and managing individuals and teams

- Leadership , management  and supervision 
- Recruitment and selection of employees
- Individual and group behaviour within business organization
- Team formation , development and management 
- Motivating individuals and groups within  organization
- Learning and training at work
- Review and appraisal of individuals performances

Personal effectiveness and communication

- Personal effectiveness techniques
- Consequences of ineffectiveness at work
- Competence frameworks and personal development
- Sources of conflicts and techniques for conflict resolution  & referral 
- Business communication

Professional ethics in business and accounting

- Fundamental principles of ethical behaviour
- Corporate codes of ethics
- Ethical conflicts and dilemma 
- The role of regulatory and professional bodies in promoting ethics and professional behaviour

FIA |MA2 Managing Costs and Finances |Syllabus

Major syllabus areas for fia , ma2 paper and detailed contents are given below:

Management information

 - Management information requirements
 - Cost accounting systems
 - Cost classification 

Cost recording

 - Accounting for labour
 - Accounting for material
 - Accounting for other expenses

Costing  techniques

 - Absorption costing
 - Marginal costing 
 - Job and batch costing
 - Process costing
 - Service costing

Decision making

- Cost - volume - profit (CVP) analysis
- Factors affecting short term decision making
- Principles of discounted cash flow

Cash management

- Nature of cash and cash flow
- Cash management 
- Cash budgets 
- Investing and financing

Spreadsheets

- Spreadsheet system overview
- Using spreadsheets on computer systems
- Presenting information in spreadsheet systems

FIA | FA2 Maintaining Financial Records | Syllabus

Major syllabus areas for fia , fa2 paper and detailed contents are given below:

Generally accepted accounting principles and concepts

 - The key accounting principles and their characteristics 
 - Maintaining financial records
 - The regulatory framework

Basic book keeping - Principles and Procedures

 - The elements of financial statements
 - The books of prime entry and flow of accounting information in the production of F.S.

The preparation of Journal and ledger accounts

 - Preparing journals from books of prime entry
 - Preparation of ledger accounts

Recording transactions and events

- Sales and purchases
- Inventory
- Cash
- Receivables , payables and provisions
- Tangible N.C.A and depreciation
- Accruals & Prepayments
- Capital and finance cost

Trial balance preparation and errors

- Trial balance
- correction of errors

Reconciliations

- Control account reconciliations
- Bank reconciliation

Trial balance extension  
- Preparation of extended T.B
- Preparation of final accounts 
Partnerships

- Partnership agreements 
- Partnership financial statements and accounting records
- Change in partnership structure

FIA |MA1 Management Information| Syllabus areas

Major syllabus areas for fia , ma1 paper and detailed contents are given below:

The nature and purpose of cost and management accounting

 - Nature of business organisation and accounting systems
 - Nature and purpose of management information

Source documents and coding data

 - Sources of information
 - Coding system

Costs classification by nature , behaviour and purpose

 - Cost classification and behaviour
 - Cost units, cost centres , profit and investment centres

Recording costs : labour , material and expenses

- Accounting for labour costs
- Accounting for material costs
- Accounting for other expenses  
- Accounting for product costs

Budgeting and variances - Information

- Basic budgeting and comparison information
- Reporting management information (budgeted vs actual )

Spreadsheet system

- Spreadsheet system overview - Basic understanding
- Using spreadsheets on computer systems
- Presentation of information in spreadsheets

FIA|FA1 Recording Financial Transactions|syllabus

Major syllabus areas for fia , fa1 paper and detailed contents are given below:

Types of business transactions and documentation

 - Business transactions types 
 - Business documentation types
 - The process of recording these transactions and documents in accounting systems.

The double entry system  and duality of transactions

 - Books of prime entry 
 - Dual / Double entry system
 - The journal
 - Financial statements elements-Proforma & Explanation

Banking system and transactions

 - Banking procedures 
 - Banking documentation

Payroll / Wages

- Wages transactions process and documentation into accounting systems

Ledger accounts

- Preparation of ledger accounts 

Cash and bank

- Maintaining a cash book  
- Maintaining petty cash book

Sales and credit transactions

- Sales recording procedure
- Customer accounts and control accounts 

Purchases and credit transactions

- Purchases recording procedure 
- Supplier,s accounts and reconciliations

Reconciliation

- Purpose of control accounts and reconciliations  
- Cash book reconciliation
- Receivables control accounts reconciliation
- Payables control accounts reconciliation

Preparing trial balance

- Trial balance preparation 
- Correction of errors

Monday 22 December 2014

FIA CBE exams specimen |Online CBE,s practice

Computer based exams ( CBE,s ) for first seven papers of Foundation in Accountancy ( FIA ) are available here .You have to practice these demo CBE exams online .This will give you the experience and idea for sitting in your final CBE exams.You can also get an idea of your preparation level by analyzing your achieved marks in your attempted CBE demo exam.The links for CBE exams are given below , follow them to start a demo exam :)

1-Introductory Certificate in Financial and Management Accounting


2-Intermediate Certificate in Financial and Management Accounting

 

3-Diploma in Accounting and Business 

FAB-Accountant in Business (Full CBE Exam Online) FAB (Full Exam) Answers
FAB-Accountant in Business (Extra MTQs) FAB (Extra MTQs) Answers 
FMA-Management Accounting (Full CBE Exam Online) FMA (Full Exam) Answers
FMA-Management Accounting (Extra MTQs) FMA (Extra MTQs) Answers
FFA-Financial Accounting (Full CBE Exam Online) FFA (Full Exam) Answers
FFA-Financial Accounting (Extra MTQs) FFA (Extra MTQs) Answers










FIA exams paper fees and important closing dates

FIA annual subscription fees and closing payment date !

The annual subscription fee is due and payable on 1 January each year for every student  to remain an active student, otherwise your account will be de-activated .For activation of your account you have to pay your all unpaid dues to ACCA with registration fees and then you will be re-registered with ACCA again as an active FIA student .

Confirmation of your unpaid fees can be obtained from your national ACCA office or from your  my ACCA account.Subscription fee should be paid before 31st January to keep your balance and account up to date , otherwise you must have to pay your subscription fee before appearing in any FIA exam. After paying subscription fee you will be able to pay exam fee for your papers and then finally can attempt your papers.

Below fee structure and registration dates are for june 2015  ACCA FIA June 2015 schedule . For more info about latest ACCA paper fees structure, dates and  how to pay your  fee  simply Click Here.


FIA initial registration fee £79
FIA annual subscription fee £83 

FIA papers , exam fee and closing dates to remember !

Closing dates are Easy to remember dates
The closing dates for early, standard and late exam entry are so  easy to remember - 8 is the date!

FIA Exams  - Important Closing dates

June exams
8 MarchEarly entry (online only)
8 AprilStandard exam entry (online and paper)
8 MayLate exam entry (online only)


December exams
8 SeptemberEarly entry (online only)
8 OctoberStandard exam entry (online and paper)
8 November

Late exam entry (online only)
FIA Exams - Papers Fees For June 2015 Session
Papers Names
  		Exam entry period June 2015 exam fee(per exam)December 2015 exam fee (per exam)


 FA1, FA2, MA1, MA2		Early£50£--

Standard£53£--

Late£210£---



FAB, FFA, FM, FAU, FTX, FFM 		Early£71£--

Standard£76£--

Late£231£---