Certificate in Fundamentals of Accounting Practice (CFAcP)-Self Paced

This introductory course covers basic accounting principles, bookkeeping, and financial statement preparation, ideal for aspiring bookkeepers, clerical staff, and junior finance professionals seeking practical accounting skills.

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The Certificate in Fundamentals of Accounting Practice is a foundational course designed for individuals beginning their journey in accounting and finance. It introduces core accounting principles, basic bookkeeping methods, and the structure of financial statements. Participants will learn how to record, classify, and summarize business transactions through books of prime entry, ledgers, and trial balances, culminating in the preparation of basic financial statements. This course is ideal for aspiring bookkeepers, clerical staff, junior finance professionals, and anyone seeking to develop a strong grounding in practical accounting processes.

To introduce the basic principles, concepts, and purposes of accounting in business contexts.
To develop understanding of books of prime entry such as journals, cash books, and daybooks.
To explain the structure and purpose of ledgers and the process of maintaining accurate records.
To demonstrate how to prepare and interpret a trial balance for accuracy and correction.
To guide learners through the preparation of essential financial statements including income statements and balance sheets.
To instill accuracy, consistency, and ethical standards in the practice of bookkeeping and financial recording.

M-1: Introduction to Accounting

M-2: Books of Prime Entry

M-3: Ledgers and Trial Balance

M-4: Preparation of Financial Statements

M-1: Introduction to Accounting

M-2: Books of Prime Entry

M-3: Ledgers and Trial Balance

M-4: Preparation of Financial Statements

Upon successful completion of this course, learners will be able to:

Describe the fundamental principles and terminology of accounting and bookkeeping.
Record financial transactions using books of prime entry such as sales, purchases, and cash books.
Post entries to the ledger accounts and construct a trial balance to check for arithmetic accuracy.
Identify and correct errors in basic bookkeeping processes.
Prepare simple financial statements (Income Statement and Balance Sheet) for small businesses or departments.
Apply basic accounting practices in a professional and ethical manner in real-world financial settings.

This program is endorsed by International Professional Accreditation Council – Singapore [www.ipacglobal.org]

Features:
Duration: The Program offers self-paced completion with no set deadlines.
Short Video Materials: Yes
Mode of Learning: Self-Paced

Exam Method:

Number of Exams: 01
Number of Questions: 20 MCQ Questions
Duration: 30 Minutes
Total Marks: 100
Pass Mark: 50%

Assignment:

Total Assignments: 01
01 Capstone Projects
- Total Marks: 300
- Pass Mark: 50%

04 Practical Focus Module
Post Completion:
- Electronic Certificate

Bookkeeping Fundamentals
- Ability to record and classify transactions using primary accounting records.
Ledger and Trial Balance Management
- Competence in posting to ledgers, balancing accounts, and preparing trial balances.
Financial Statement Preparation
- Skill in compiling basic financial statements from raw accounting data.
Transaction Accuracy & Reconciliation
- Capability to detect and correct errors, ensuring clean and accurate financial records.
Professional Financial Conduct
- Understanding of ethical accounting practices and organizational accountability.
Practical Financial Application
- Confidence in applying accounting procedures in support roles within finance departments or small enterprises.