Foundation Diploma consists of a suite of awards, including two certificates and a diploma. It includes 2 certificates and one Diploma i.e. Introductory Certificate in Financial and Management Accounting; Intermediate Certificate in Financial and Management Accounting; and Diploma in Accounting and Business. These awards provide entry to the ACCA Qualification on completion, with exemptions from exams F1-F3.

ACCA’s Foundation Diploma awarded equivalence to HSSC Commerce (I.Com) in Pakistan. 
 

Foundation Diploma (FD) Papers:

FA1 ... Recording Financial Transactions
To introduce the basic accounting systems and documentation that will be encountered in the workplace. To develop knowledge and understanding of the operational aspects of maintaining accounting records and procedures and to learn how to record these transactions in the books of prime entry, including introduction to the principles of double entry and understanding how a computerised and a manual accounting system work. 
MA1 ... Management Information
To introduce the student to the knowledge of basic cost information required for management accounting. To develop the knowledge and ability to recognise, collect and record basic cost and revenue information for planning and control including the use of spreadsheets in management accounting.

INTERMEDIATE CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING

FA2 ... Maintaining Financial Records
To introduce the fundamental principles of accounting and to develop the knowledge and understanding of the techniques used to maintain accounting records. To produce accounting records including ledger accounts, sales tax records (where applicable), control accounts, reconciliations, and extract and correct an initial trial balance also making the adjustments necessary to produce an extended trial balance. The syllabus also covers accounting for the business transactions of sole traders and partnerships. 
MA2 ... Managing Cost and Finance
To develop the knowledge and understanding of the principles and techniques used in recording, analysing and reporting costs and revenues for internal management purposes. To demonstrate and develop applicable cost concepts in making short term decisions and the application of spreadsheets in management accounting.

DIPLOMA IN ACCOUNTING AND BUSINESS

FFA ... Financial Accounting
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and to demonstrate technical proficiency in the use of double entry techniques, including the preparation and interpretation of basicfinancial statements for sole traders, companies and simple groups of companies.
FMA ... Management Accounting
To develop the knowledge and ability to apply appropriate management accounting concepts and techniques for decision making, planning and control including forecasting techniques, the preparation of budgets and standard costs and performance measurement.
FAB ... Accountant in Business
To understand business in the context of its environment, including economic, legal, and regulatory influences on such aspects as governance, employment, health and safety, data protection and security. Additionally, to introduce certain aspects of the regulatory framework as they affect auditing and governance, examining the roles of internal and external auditors and introducing the importance of internal control. The syllabus also introduces key management and people issues such as individual and team behaviour, leadership, motivation, personal effectiveness and professional ethics in accounting and business 
 

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