AFD

ACCA Foundation Diploma (AFD)

If you are looking for a rewarding career in finance and accountancy then the ACCA Foundation Diploma (AFD) is designed just for you.

ACCA Foundations Diploma comprises a number of awards from the Association of Certified Chartered Accountants (ACCA). They teach you the fundamentals of accountancy, including recording financial transactions, management, business costs, and taxation. This qualification was previously known as Foundations in Accountancy (FIA)

Once you have completed the exam portion of the Diploma, you’ll be eligible to transfer to the ACCA Qualification with exemptions from Applied Knowledge exams (AB, MA & FA).

In order to receive the Foundation Diploma – a qualification recognised by local education authorities – you simply need to undertake the exams and also take our Foundations in Professionalism module.

You can even do this once you have transferred to the ACCA qualification, provided you have completed all of the necessary exams.

Entry requirements:

You don’t need any qualifications to study the Foundation-level qualifications, just a willingness to learn. They are a great place to start if you’re new to accountancy, or work in finance and have no accountancy credentials.

ACCA Foundations comprises a number of awards:

• ACCA Diploma in Financial and Management Accounting (Level 2) – 2 subjects: Recording Financial Transactions (FA1) and Management Information (MA1).

1. Recording Financial Transactions (FA1)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn about the main types of business transactions and how they are documented and recorded in an accounting system, up to the trial balance.

• Management Information (MA1)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn how to provide basic management advice in a business, to help management with strategy and making decisions.

• ACCA Diploma in Financial and Management Accounting (Level 3) – 2 subjects: Managing Financial Records (FA2) and Managing Costs and Finance (MA2)
• Maintaining Financial Records (FA2)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn about the standards and approaches relating to maintaining financial records, and gain the skills needed for double-entry accounting and preparing basic financial statements.

• Managing Costs & Finance (MA2)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn how to prepare and process basic cost data to help management with strategy and making decisions, in multiple business situations.

• ACCA Diploma in Accounting and Business (Level 4) – Accountant in Business (FAB), Management Accounting (FMA), and Financial Accounting (FFA)

• Accountant in Business (FAB)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn about how businesses are structured and how the role of accounting helps with the efficient management and improvement of a company, its people, and its systems.

• Management Accounting (FMA)

Subject assessment: On Demand computer-based exam (CBE)

Learning Outcome: You’ll learn management accounting techniques to support management in preparing, controlling, and overseeing performance in different business situations.

• Financial Accounting (FFA)

Subject assessment: On Demand computer-based exam (CBE).

Learning Outcome: You’ll learn how to prepare basic financial statements for single entities and simple groups, the techniques for double-entry accounting, and learn how to interpret financial statements.