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
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