Foundations in Accountancy (FIA) / 国际财会基础资格 系列证书(FIA)

School Partner: Kaplan Singapore
Intake: FEB 2023

The Foundations in Accountancy (FIA) suite focuses on the core skills of financial accounting and management accounting, as well as the wider role of the accountant in business at senior levels. It consists of a suite of awards, including Certificates and Diplomas awarded by the Association of Chartered Certified Accountants (ACCA).

About this Course

Foundations in Accountancy (FIA) is a suite of awards that employers can use to provide employees with a grounding in accounting and finance.

The qualifications can be used to develop recruits from secondary schools or to encourage those already working in accounts support roles to obtain formal recognition of their abilities. There are no formal entry requirements.

FIA is a new entry-level suite of awards, which including Certificates, Diploma and a revised CAT Qualification.

Entry Requirements

ACCA Diploma in Financial and Management Accounting (RQF Level 2 & 3)

• Minimum Age: 16
• Academic Level: No formal academic or accounting knowledge
• Language Proficiency: IELTS 4.5 or equivalent OR pass English language at GCE N-levels or its equivalent OR successfully pass ACCA English Test OR successfully pass Kaplan English Placement Test

ACCA Diploma in Accounting and Business (RQF Level 4)

• Minimum Age: 16
• Academic Level: No formal academic or accounting knowledge
• Language Proficiency: IELTS 5.0 or equivalent OR pass English language at GCE N-levels or its equivalent OR successfully pass ACCA English Test OR successfully pass Kaplan English Placement Test

Exemptions

ACCA offers exemptions for those who have relevant qualifications. All students must contact ACCA to confirm their exemptions. Detailed information about this can be found at http://www.accaglobal.com/exemptions.

Course Modules and Learning Outcomes

Recording Financial Transactions (FA1)
To develop knowledge and understanding of the main types of business transactions and documentation, and learn how these are recorded in an accounting system up to the trial balance stage.

Management Information (MA1)
To develop knowledge and understanding of providing basic management information in an organisation to support management in planning and decision making.

Managing Costs And Finance (MA2)
To learn how to prepare, process and present basic cost information to support management in planning and decision making in a variety of business contexts.

Maintaining Financial Records (FA2)
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting, and technical proficiency in the use of double-entry
accounting techniques, including the preparation of basic financial statements.

Foundations in Business and Technology (FBT)
To introduce knowledge and understanding of the business, its environment and the influence this has on how organisations are structured, as well as on the role of accounting and other key business functions in contributing to the efficient, effective
and ethical management and development of an organisation, its people and its systems.

Management Accounting (FMA)
To develop knowledge and understanding of management accounting techniques to support management in planning, controlling and monitoring performance in a variety of business contexts.

Financial Accounting (FFA)
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques, including the preparation of basic financial statements for single entities and simple groups. You will also be introduced to basic techniques regarding interpretation of financial statements.

Certified Accounting Technician (CAT)
7 modules above + 2 Optional modules from FTX, FFM & FAU
Optional papers (2 out of 3):
FTX* – Foundations in Taxation
FFM – Foundations in Financial Management
FAU – Foundations in Audit