About FIA

Foundations in Accountancy (FIA) is a suite of awards offered by the Association of Chartered

Certified Accountants (the ACCA).

The suite of awards within the FIA consists of certificates, diplomas and a Certified Accounting
Technician (CAT) qualification.

These awards focus on the core skills of financial accounting and management accounting
together with the wider role of the accountant in business.

If you are a student, you will benefit from flexible entry points to the FIA suite and also have the
opportunity to obtain specific awards at the various levels.

The certificates and diplomas will be proof to both current and potential employers of your
understanding of certain core business concepts and will also provide you with the opportunity to
continue studies towards either the CAT qualification or obtain exemptions from certain papers
within the prestigious ACCA qualification.

The ACCA (Association of Chartered Certified Accountants) is a global body for professional
accountants. It was first established in London over 100 years ago and is currently the World’s
largest accountancy body. There are nearly 700,000 members and students in 180 countries.

The FIA Syllabus

FA1 Recording Financial Transactions
1. A

Types of business transactions and documentation

2. B

Duality of transactions and the double entry system

3. C
 Banking system and transactions

4. D

Payroll

5. E

Ledger accounts

6. F

Sales and credit transactions

7. G

Purchases and credit transactions

8. H

Reconciliation

9. I

Preparing the trial balance

MA1 Management Information

1. A

The nature and purpose of cost and management accounting

2. B

Source documents and coding

3. C

Cost classification and measurement

4. D

Recording costs

5. E

Spreadsheets
FA2 Maintaining Financial Records
1. A

Generally accepted accounting principles and concepts

2. B

The principles and process of bookkeeping

3. C

The preparation of journals and ledger accounts

4. D

Recording transactions and events

5. E

Preparing a trial balance and correcting errors

6. F

Reconciliations

7. G

Extending the trial balance

8. H

Partnerships

MA2 Managing Costs and Finance

1. A

Management information

2. B

Cost recording

3. C

Costing techniques

4. D
 Decision making

5. E

Cash management

FAB Accountant in Business

1. A

The business organisation, its stakeholders and the external environment

2. B

Business organisational structure, functions and governance

3. C

Accounting and reporting systems, controls and compliance

4. D

Leading and managing individuals and teams

5. E

Personal effectiveness and communication

6. F

Professional ethics in accounting and business

FFA Financial Accounting

1. A

The context and purpose of financial reporting

2. B

The qualitative characteristics of financial information

3. C

The use of double-entry and accounting systems

4. D
 Recording transactions and events

5. E

Preparing a trial balance

6. F

Preparing basic financial statements

7. G

Preparing simple consolidated financial statements

8. H

Interpretation of financial statements

FMA Management Accounting

1. A

The nature, source and purpose of management information

2. B

Cost accounting techniques.

3. C

Budgeting

4. D

Standard costing