The "CIMA: Fundamentals of Financial Accounting" course provides a deep dive into the core aspects of financial accounting, beginning with an introduction to its purpose, role, and key principles. Students will explore the regulatory framework of accounting, focusing on IFRS and UK GAAP, and learn how to apply accounting standards in real-world scenarios. The course further covers the entire accounting cycle, from recording transactions in ledger accounts to preparing trial balances and making adjustments for errors.

As the course progresses, students will be introduced to the preparation of financial statements, including the income statement, balance sheet, and cash flow statement. Special attention is given to accounting for assets and liabilities, with detailed lessons on depreciation, provisions, and inventory methods. Additionally, the course covers essential topics such as accounting for revenue and expenses, bank reconciliation, and the use of control accounts to manage financial data.

A key feature of the course is the focus on financial ratio analysis, which will enable students to assess profitability, liquidity, and solvency in business contexts. The course also delves into the preparation of final accounts for sole traders, partnerships, and companies. Finally, students will gain practical skills in using accounting software like Sage, QuickBooks, and Xero, while also exploring the role of AI and automation in financial accounting.

This course is structured to provide a thorough understanding of financial accounting from both a theoretical and practical perspective, making it ideal for those pursuing a career in accounting, finance, or business management.