Foundations Level consists of the following papers:

1. FA1 Recording Financial Transactions: Students will be taught the basics of creating and documenting financial records, starting from the initial documents through ledger transactions until the trial balance phase. The course will also include essential banking procedures related to bookkeeping, managing and reconciling cash and petty cash records, journal preparation, control account management, and the identification and rectification of errors.
2. MA1 Management Information: Students are presented with fundamental costing principles, techniques, and the instruments for applying them. The curriculum begins by introducing business organizations and the distinct role of a management accountant within the organization. The subsequent section covers cost classification, followed by the identification of information sources and coding to ensure accurate cost classification. The curriculum then presents basic methods for cost recording and ultimately introduces students to spreadsheets as a crucial tool in supporting cost and management accounting.
3. FA2 Maintaining Financial Records: 

   Students are introduced to the context and purpose of maintaining financial records in relation to account preparation. The curriculum then focuses extensively on the double-entry system, recording, processing, and reporting business transactions and events, including the specific accounting for non-current assets. The curriculum includes the use of the extended trial balance and methods for identifying and correcting errors, such as reconciling control accounts and posting period-end adjustments. Additionally, it covers the preparation of final accounts for sole traders and partnerships.

4. MA2 Maintaining Costs and Finance: Students are introduced to costing, financing principles, and management accounting techniques to make and support decisions. The curriculum begins by clearly distinguishing management information from financial accounting information. It then covers recording costs, various costing techniques, management accounting in decision-making, and introduces cash management for planning.