FIA (Foundations in Accountancy)
- Qualifications
- FIA
FIA (Foundations in Accountancy)
The Foundations in Accountancy (FIA) program is the ideal starting point for anyone who wants to begin a career in accounting, finance, or business. Awarded by the Association of Chartered Certified Accountants (ACCA), FIA is designed to provide the essential knowledge, skills, and confidence needed to progress into higher levels of accounting qualifications — including the full ACCA Qualification.
Whether you’re a school leaver, new to accounting, or looking to formalize your existing experience, FIA offers a globally recognized foundation that opens doors to exciting opportunities in the world of finance.
Why Choose FIA
- Globally Recognized Qualification — Awarded by ACCA, one of the world’s leading professional accounting bodies.
No Prior Experience Required — Perfect for beginners or those with limited accounting knowledge.
Flexible Progression — Once completed, you can directly enter the ACCA Qualification (beginning at Applied Knowledge level).
Practical and Career-Focused — Focused on real-world accounting, business, and finance skills employers value most.
Computer-Based Exams — Flexible exam scheduling available throughout the year.
FIA Qualification Structure
The FIA qualification is divided into two main levels:
- Foundations Level – Essential entry-level papers
- Diploma Level – More advanced papers leading to the ACCA qualification
FIA Exam Papers
Level 1 – Introductory Certificate in Financial and Management Accounting
These exams provide a solid foundation in basic accounting principles:
FA1 – Recording Financial Transactions
Learn the principles of double-entry bookkeeping and basic financial statements.
MA1 – Management Information
Understand how management accounting supports decision-making through data and performance analysis.
Level 2 – Intermediate Certificate in Financial and Management Accounting
These exams provide a solid foundation in basic accounting principles:
FA2 –Maintaining Financial Records
Develop the ability to prepare accounts for sole traders and small businesses.
MA2 –Managing Costs and Finance
Learn techniques for cost control, budgeting, and financial management.
Level 3 – Diploma in Accounting and Business
The final level before entering ACCA’s Applied Knowledge stage:
FBT – Foundation in Business and Technology
Explore how businesses operate and the role of technology in finance.
FMA – Management Accounting
Deepen your understanding of planning, control, and performance measurement.
FFA – Financial Accounting
Learn to prepare complete financial statements and interpret financial data.
Progression to ACCA Qualification
Once you complete the FIA Diploma in Accounting and Business (FBT, FMA, FFA), you can move directly into the ACCA Qualification at the Applied Knowledge level — skipping the introductory papers.
Career Opportunities
Graduates of the FIA program can pursue a range of roles such as:
- Accounts Assistant
- Junior Accountant
- Payroll Officer
- Finance Administrator
- Bookkeeper
With further progression into ACCA, these can grow into senior-level positions like:
- Financial Analyst
- Management Accountant
- Finance Manager
- Auditor
Course Duration and Study Options
- Duration: Typically 2–3 months per each exam, depending on study pace and the exam.
Mode of Study: On-campus.
Assessment: Computer-Based Exams (CBE).
Take the First Step Toward Your ACCA Journey
At Raad Institute, we provide expert-led FIA training designed to help you succeed from your very first paper. Our tutors, resources, and structured support ensure you build a strong foundation for your accounting career.