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Accounting - Level 4 ACCA Foundation Papers

Higher Education

Course Overview

One paper of 6 from the fundamental skills section of the ACCA qualification

To develop knowledge and skills in understanding and applying accounting standards and the theoretical framework in the preparation of financial statements of entities, including groups and how to analyse and interpret those financial statements

A Discuss and apply a conceptual and regulatory frameworks for financial

B Account for transactions in accordance with International accounting standard

C Analyse and interpret financial statements

D Prepare and present financial statements for single entities and business combinations in accordance with International accounting standards


Course Content

Course content

A.The conceptual and regulatory framework for financial reporting 

1.The need for a conceptual framework and the characteristics of useful information

2.Recognition and measurement

3.Regulatory  framework

4.The concepts and principles of groups and consolidated financial statements

B.Accounting for transactions in financial statements 

1.Tangible non-current assets

2.Intangible assets

3.Impairment of assets

4. Inventory and biological assets

5.Financial instruments


7.Provisions and events after the reporting period 


9.Reporting financial performance


11.Government grants

12.Foreign currency transactions

C.Analysing and interpreting the financial statements of single entities and groups  

1.Limitations of financial statements

2.Calculation and interpretation of accounting ratios and trends to address users’ 3.Limitations of interpretation techniques

4.Specialised, not-for-profit, and public sector entities

D.Preparation of financial statements 

1.Preparation of single entity financial statements

2.Preparation of consolidated financial statements including an associate

Entry Requirement

Three GCSEs and two A Levels in five separate subjects including maths and English or their equivalent ie AAT Level 4 are required for this accountancy qualification.


Examination (at an external venue).

Where does this course lead to

Other papers from the fundamentals section of the ACCA qualification.

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Course Outline

Course Code: JEBC035
Study Mode: Higher Education
Location: Basingstoke
Start Date: 13/09/2018
Duration: 11 Weeks
Tuition Fees: £368
Registration Fees: n/a
Exam Fees: n/a
Fee Concessions
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Basingstoke College of Technology I 2018