FA1 STUDY MATERIAL :
ALL THE KITS YOU NEED:
link for MATERIAL YOU NEED:
DOWNLOAD BPP FA1 KIT:
BPP REVISION KIT:
KAPLAN KIT:
KAPLAN STUDY TEXT:
STUDY HUB PDF:
GOOGLE DRIVE LINK :
LECTURES OF FA1:
mirchanwala terabox link
mirchawala lectures drive link
LECTURES OF FA1:
sir amir shakoor
ACCA FA1 "Recording Financial Transactions" is a core exam that introduces students to basic financial recording and preparation of ledgers. It's a test that requires a firm understanding of basics in accountancy and relevant study methods. What's below is a step-by-step preparatory guide showing major tips and relevant lecture materials to study.
JOIN OUR WHATSAPP CHANNEL:
JOIN OUR WHATSAPP GROUP:
Gaining Familiarity with FA1 Exam Pattern
FA1 is a computer-based two-hour exam consisting of 50 two-mark questions amounting to a total of 100 marks. It has questions covering every part of the syllabus computationally and theoretically. It is a good idea to be familiar with what kind of exam it is in preparation.
Key Topics to Focus On
Prepare yourselves for acing your FA1 exam while keeping these key points in mind:
Business Transactions and Business Documents: Familiarize yourself with different business transactions and related business documents.
Double-Entry Bookkeeping: Understand double-entry bookkeeping fundamentals such as ledger entries and the trial balance.
Banking Processes: Familiarize yourself with banking processes such as bookkeeping, such as keeping and correcting records for cash and petty cash.
Control Accounts and Journals: Obtain skills in preparation of journals and control accounts, and error identification and correction.
Effective Study Tips
Form a Planned Study Schedule: Assign slots to all the subjects and stick to your schedule rigidly.
Utilize Quality Study Materials: Use ACCA-approved textbooks and resources to ensure comprehensive coverage of the syllabus.
Practice Widely: Try a range of questions to become comfortable and skilled at problem-solving.
Review Examiners' Reports: Look at previous examiner reports to know what common pitfalls are and where students tend to lose marks.
Stay Determined and Consistent: Stay determined, patient, and hopeful when facing difficulties. Study groups can be a source of encouragement and support.
Recommended Lecture Resources
Open your mind still further by watching these lecture series:
ACCA FA1 Complete Course: It is a complete playlist on YouTube that covers all FA1 syllabus chapters and has theoretical and practice-based illustrations.
FiA FA1: Chapter 1: Business Transactions and Documentation: This lesson covers Chapter 1 where meticulous discussions about business transactions and associated documentation are given.
ACCA FA-1 Basic Double Entry Bookkeeping Lecture: It deals with basic double entry bookkeeping which is part of the FA1 examination.
Final Preparations
As the deadline nears:
Practice Key Concepts: Emphasize sections where your knowledge is lacking to reinforce knowledge.
Take Mock Tests: Practice examination scenarios by attempting full-length practice exams to validate your preparation and optimize time management.
Be Calm and Confident: Get a sound rest prior to exam week and remain positive about exams.
ABOUT ACCA:
Why Choose ACCA?
1. Global Recognition
ACCA is recognized in over 180 countries, including the UK, Canada, Australia, UAE, and many more. It is highly respected by employers and regulatory bodies worldwide.
2. Career Opportunities
With an ACCA qualification, you can pursue careers in:
✔ Financial Management
✔ Auditing & Assurance
✔ Taxation
✔ Risk Management
✔ Consulting
✔ Financial Reporting
3. Flexible Learning & Exams
ACCA offers flexible exam schedules and study options, including self-study, online classes, and tuition from approved learning providers.
4. Affordable & Accessible
Compared to other qualifications like CPA (USA) or CA (India), ACCA is more affordable and widely accepted globally.
ACCA Qualification Structure
1. Applied Knowledge Level (Foundation Level)
This level introduces you to fundamental accounting principles:
- BT (Business & Technology)
- MA (Management Accounting)
- FA (Financial Accounting)
2. Applied Skills Level
This level builds technical and management accounting skills:
- LW (Corporate & Business Law)
- PM (Performance Management)
- TX (Taxation)
- FR (Financial Reporting)
- AA (Audit & Assurance)
- FM (Financial Management)
3. Strategic Professional Level
This level prepares students for leadership and strategic roles:
- SBL (Strategic Business Leader)
- SBR (Strategic Business Reporting)
- Elective Papers (Choose 2 out of 4):
✔ Advanced Financial Management (AFM)
✔ Advanced Performance Management (APM)
✔ Advanced Taxation (ATX)
✔ Advanced Audit & Assurance (AAA)
Exemptions for Degree Holders
If you have a degree in accounting or finance, you may qualify for exemptions from some ACCA exams. You can check your exemptions on the ACCA website.
ACCA Exam Format & Passing Criteria
- All papers are Computer-Based Exams (CBE).
- Each exam is 100 marks, and the passing score is 50%.
- The exams are conducted four times a year (March, June, September, December).
ACCA Membership & Certification
Once you pass all exams and gain three years of work experience, you can apply for ACCA membership and use the title "ACCA" after your name, signifying your expertise in finance and accounting.
Comments