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ACCA FA1 – Recording Financial Transactions

By Nasir Vohra
The syllabus for Paper FA1, Recording Financial Transactions, introduces the candidate to the fundamentals of preparing and recording financial documentation from originating documents and processing ledger transactions up to the trial balance stage.

  • Complete & comprehensive course coverage
  • 60+ lectures hours,
  • More than 200 + practice MCQ’s questions ( including BPP & Kaplan exam practice kit questions solutions)
  • One fortnight test paper(after topic completion)
  • 1 handout (practice kit) prepared by teacher
  • Course completion final mock
  • Query section(every fortnight live class)
  • After course completion (practice to pass mixed bank questions recording)
  • Access anywhere, anytime with best preparation strategy
  • WhatsApp group support directly with teacher
Nasir vohra

Nasir Vohra

Mr. Nasir Vohra is currently a faculty member of an “RAET of ICAP” and “PLATINUM STATUS of ACCA” & “ICMAP” with more than 15 years of experience. He has been in teaching various Professional Accountancy & Academic Qualifications like CA, ACCA & CMA MBA & BBA. He spent his 15 years as a full time teacher and teaching the following subjects in different qualifications: Quantitative Techniques, Business Math & Statistics, Introduction to Accounting, Financial Accounting, Financial Reporting, and Cost & Management accounting.

He has worked on various task including delivering lectures, mentoring students, conducting career counseling session, imparting training on newly inducted tutors, preparing MCQ Bank, writing technical articles on the complex areas where students / peers faced difficulties.

At TSB, Nasir Vohra brings his broad experience in myriad subjects to teach his students Financial Accounting and cost accounting.


A   Types of business transactions and documentation

  1. Types of business transaction
  2. Types of business documentation
  3. Process of recording business transactions within the accounting system

B    Duality of transactions and the double entry system

  1. Books of prime entry
  2. Double entry system
  3. The journal
  4. Elements of financial statements

C    Banking system and transactions

  1. The banking process
  2. Documentation

D    Payroll

  1. Processing payroll transactions into the accounting system

E    Ledger accounts

  1. Prepare ledger accounts

F     Cash and bank

  1. Maintaining a cashbook
  2. Maintaining a petty cashbook

G    Sales and credit transactions

  1. Recording sales
  2. Customer account balances and control accounts

H    Purchases and credit transactions

  1. Recording purchases
  2. Supplier balances and reconciliations

I      Reconciliation

  1. Purpose of control accounts and reconciliation
  2. Reconcile the cashbook
  3. Reconcile the receivables control account
  4. Reconcile the payables control account

J     Preparing the trial balance

  1. Prepare the trial balance
  2. Correcting errors