ACCA FA2 Maintaining Financial Records

A Generally accepted accounting principles and concepts
1. The key accounting principles and characteristics
2. Maintaining financial records
3. The regulatory framework
B The principles and process of basic bookkeeping
1. The elements of financial statements
2. Books of prime entry and the flow of accounting information in the production of financial statements
C The preparation of journals and ledger accounts
1. Preparation of journals from the books of prime entry
2. Preparation of ledger accounts
D Recording transactions and events
1. Sales and purchases
2. Cash and bank
3. Inventory
4. Tangible non-current assets and depreciation
5. Accruals and prepayments
6. Receivables, payables and provisions
7. Capital and finance costs
E Preparing a trial balance and correcting errors
1. Trial balance
2. Correction of errors
F Reconciliations
1. Control account reconciliations
2. Bank reconciliation
G Extending the trial balance 
1. Preparation of the extended trial balance
2. Preparation of the final accounts, including incomplete records H Partnerships
1. Partnership agreement
2. Partnership accounting records
3. Partnership financial statements and change in partnership