ACCA - CAT FA1 CHAPTERS CHECKLIST
Chapter 1
BUSINESS TRANSACTIONS
1 Types of business transaction
2 Cash and credit transactions
3 Terminology
4 Petty cash
5 Payroll
6 Keeping a record
7 Key personnel
8 Control over transactions
9 Timing of transactions
{10 Pgs}
1 -- 10
Chapter 2
TYPES OF BUSINESS DOCUMENTATION
1 Documents for business transactions
2 Processing a cash transaction
3 Credit transaction procedures
4 Processing a credit transaction: a credit sale
5 Processing a credit transaction: a credit purchase
6 Statements of account
7 Returns, credit and debit notes
8 Petty cash claim
9 Document retention policies
10 Data protection
{23 Pgs}
11 -- 34
Chapter 3
DOUBLE ENTRY BOOKKEEPING
1 Elements of the financial statements
2 Capital, assets and liabilities
3 The accounting equation
4 Income, expenses and profit
5 The dual aspect of every transaction
6 Nature and function of double entry
7 Double entry bookkeeping: basic rules
8 Balancing an account
9 Capital expenditure and revenue expenditure
10 Books of prime entry
11 Computerised accounting
{35 Pgs}
35 -- 70
Chapter 4
BANKING: PAYMENTS AND RECEIPTS
1 Customer/bank relationship
2 Central bank clearing system
3 Types of receipt/payment
4 Preparing a cheque prior to despatch
5 Credit cards, debit cards and contactless payments
6 Automated bank payments
7 Unusual features of receipts and payments media and documentation
8 Banking monies received
9 Handling, storage and security of money
10 Banks and banking institutions
{ 31 Pgs}
71 -- 102
Chapter 5
{ 30 Pgs } 103 -- 132
SALES AND SALES RECORDS
1 Source documents for sales and sales returns
2 Types of discount
3 General principles of sales taxes
4 Preparing a sales invoice and credit note
5 Methods of coding data
6 Books of prime entry: day books
7 Sales day book
8 Sales returns day book
9 Function of the primary records: posting transaction details to the ledgers
Chapter 6
RECORDING SALES
1 Posting sales day book totals
2 Posting sales returns day book totals
3 Computerised ledgers
4 Statements of account
5 Aged receivables analysis
6 Communication with customers
7 Provision of credit facilities
8 Credit limits
9 Irrecoverable debts
10 Allowance for receivables
{ 21 Pgs } 133 -- 154
Chapter 7
PURCHASES AND PURCHASE RECORDS
1 Buying goods or services
2 Source documents
3 Suppliers’ invoices and supporting documents
4 Credit notes
5 Authorising and coding
6 Purchase day book
7 Purchase returns day book
{ 23 Pgs } 155 -- 178
ACCA - CAT FA1 CHAPTERS CHECKLIST
Chapter 8
{ 9 Pgs }
RECORDING PURCHASES
1 Posting to the nominal (general) ledger
2 Computerised ledgers
3 Statements
4 Aged payables analysis
5 Communication with suppliers
179 -- 188
Chapter 9
RECORDING RECEIPTS AND PAYMENTS
1 Recording payments and monies received
2 The cash book
3 Manual nominal (general) ledger and receivables ledger
4 Posting receipts and payments from the cash book to the main ledger
5 Computerised records
6 Authorising and making payments
{ 21 Pgs }
189 -- 210
Chapter 10
MAINTAINING PETTY CASH RECORDS
1 Operation of petty cash
2 Documentation
3 Authorisation
4 Security of cash
5 Queries and problems
6 Manual petty cash book
7 Imprest and non-imprest methods
8 Petty cash reconciliation
{ 19 Pgs }
211 -- 230
CHAPTER 11
PAYROLL
1 Payroll system
2 Processing the payroll
3 Basic pay calculations
4 Overtime pay, bonuses and commission
5 Authorisation
6 Security and control
7 Accounting for payroll
{ 31 Pgs }
231 -- 262
CHAPTER 12
BANK RECONCILIATIONS
1 General bank services and operation of bank clearing system
2 Function and form of banking documentation
3 Bank reconciliation statement
4 Errors and omissions in the cash book
{ 15 Pgs }
263 -- 280
Chapter 13
{ 25 Pgs } 281 -- 306
CONTROL ACCOUNTS
1 Control accounts
2 Receivables’ ledger control account
3 Payables’ ledger control account
4 Discrepancies on reconciliation of the receivables’ ledger control account
5 Payables’ ledger control account reconciliation
Chapter 14
THE TRIAL BALANCE
1 Initial trial balance
2 Identification of errors
3 Suspense account
{ 23 Pgs }
307 -- 330