BA3 Fundamentals of Financial AccountingThe main objective of BA3 is to obtain a practical understanding of financial accounting and the process behind the preparation of financial statements for single entities. These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There

This Systems and Processes unit is only examined as part of the Professional Accounting Technician Apprenticeship Synoptic Assessment (PDSY)

Prepare tax computations for limited companies

B Microeconomic and Organisational Context of Business

or environmental reports)

audit evidence and the use of substantive procedures

costing techniques

This unit encompasses the key areas of planning

A Financing Capital Projects

Financial Reporting brings forward knowledge and skills from Financial Accounting

The broad syllabus headings are:

Draft statutory financial statements for limited companies

The AAA syllabus uses a lot of content that you will have already seen in Audit and Assurance (AA) and Strategic Business Reporting (SBR) but the crucial difference here is that it is all tested in the context of more detailed scenarios and requires higher level skills to pass