ACCA Diploma in Accounting & Business (RQF Level 4)

ACCA Diploma (RQF Level 4)

Course Overview

 You can start your journey towards ACCA membership with our Foundation-level qualifications - referred to collectively as 'Foundations in Accountancy'.

The ACCA Diploma in Accounting and Business (RQF Level 4) is awarded on the completion of the exams Accountant in Business (FAB), Financial Accounting (FFA), Management Accounting (FMA) and Foundations in Professionalism.

The ACCA Diploma in Accounting and Business (RQF Level 4) is suitable for those aspiring to work or already working in the following types of roles:

• basic bookkeeping,
• trainee accountant in a commercial organisation or accounting practice,
• accounts clerk in public sector.

Exams

• FBT Business and Technology
• FFA Financial Accounting
• FMA Management Accounting

 Course Contents

BUSINESS AND TECHNOLOGY (FBT - F1)

Part A - The business organisation, it’s stakeholders and its external environment.

1. Business organisations and their stakeholders.
2. The business environment.
3. The macro-economic environment.
4. Micro-economic factors.

Part B - Business organisation structure, functions and governance.

5. Business organisation, structure and strategy.
6. Organisational culture and committees.
7. Corporate governance and social responsibility.

Part C - Accounting and reporting systems, controls and compliance.

8. The role of accounting.
9. Control, security and audit.
10. Identifying and preventing fraud.

Part D - Leading and managing individuals and teams.

11. Leading and managing people.
12. Recruitment and selection.
13. Diversity and equal opportunities.
14. Individuals, groups and teams.
15. Motivating individuals and groups.
16. Training and development.
17. Performance appraisal.

Part E - Personal effectiveness and communication in business.

18. Personal effectiveness and communication.

Part F - Professional ethics in accounting and business.

19. Ethical considerations.

COURSE CONTENTS

MANAGEMENT ACCOUNTING (FMA - F2)

Part A -The nature, source and purpose of management information.

1. Accounting for management
2. Sources of data
3. Cost classification
4. Cost behaviour
5. Presenting information

Part B Cost accounting methods and systems

6. Accounting for materials
7. Accounting for labour
8. Accounting for overheads
9.            Absorption and marginal costing
10. Job, batch and service costing
11. Process costing
12. Process costing, joint products and by-products
13. Alternative costing principles

Part C Budgeting

14. Forecasting
15. Budgeting
16. The budgetary process
17. Making budgets work
18. Capital expenditure budgeting
19. Methods of project appraisal

Part D Standard costing

20. Standard costing
21. Basic variance analysis
22. Further variance analysis

Part E Performance measurement

23. Performance measurement
24. Applications of performance measurement
25. Cost management 

Course contents

FINANCIAL ACCOUNTING (FFA - F3)

Part A - The context and purpose of financial reporting.

1. Introduction to accounting.
2. The regulatory framework.

Part B - The qualitative characteristics of financial information.

3. The qualitative characteristics of financial information.

Part C - The use of double entry and accounting systems.

4. Sources, records and books of prime entry.
5. Ledger accounts and double entry.
6. From trial balance to financial statement.

Part D - Recording transactions and events.

7. Sales tax.
8.  
9. Tangible non-current assets.
10. Intangible non-current assets.
11. Accruals and prepayments.
12. Irrecoverable debts and allowances.
13. Provisions and contingencies.

Part E - Preparing a trial balance.

14. Control accounts.
15. Bank reconciliations.
16. Correction of errors & Suspense accounts.
17. Preparation of financial statements for sole traders.

Part F - Preparing basic financial statements.

18. Incomplete records.
19. Preparation of financial statements for companies.
20. Events after the reporting period.
21. Statements of cash flows.

Part G - Preparing simple consolidated financial statements.

22. Consolidated financial statements.

Part H - Interpretation of financial statements.

23. Interpretation of financial statements.

Who should attend

Book-keeper, Accounts Assistant, Accounts Clerk, Purchasing Clerk, Storekeeper and Accounts Executives

Learning Outcome

With Foundations in Accountancy (FIA) qualification, trainee will be able to support financial managers in any type of business all over the world. 

Sample Certificate