The FA1 Exam Kit has been designed to complement the Study Text. It contains over 300 exam-style questions covering the main principles of preparing and recording financial documentation, which has evolved to incorporate modern computerised accounting processes. The kit also tests the main types of business transactions and key examinable topics.

Topics covered:

Types of business transactions and documentation

Duality of transactions and the double entry system

Banking systems and transactions

Payroll

Ledger Accounts

Cash and Bank

Sales and Credit transactions

Purchases and Credit transactions

Reconciliation

Preparing the trial balance