ATSWA 2.1 Financial Accounting: Exam Prep

The full ATSWA 2.1 Financial Accounting study text by syllabus area, with practice, flashcards and timed mocks.

• Most courses free to start
• Professional exam
• 4 weeks · ~3 hrs/week
• 6 lessons
• ~2 hours
• Certificate on passing the project

Free account required to open the lessons. Any price is shown before you pay.

About this course

Prepare for ATSWA Part II paper 2.1 (Financial Accounting) on the current syllabus. Study each syllabus area in plain English with worked Nigerian examples, then practise multiple-choice, fill-in and written questions, review flashcards and sit timed mock exams. Skillnaija is not affiliated with or endorsed by ICAN or the Association of Accountancy Bodies in West Africa (ABWA), which runs the ATSWA scheme.

This topic gives you the vocabulary for the whole paper. Section A regularly tests the accounting concepts (historical cost, prudence, substance over form) as definitions, and Section B has asked candidates to tell accounting policies from accounting standards. At work, these ideas decide how a transaction is recorded before any figure is posted.

What you'll learn

• Accounting framework and IFRS basics
• Final accounts and adjustments
• Inventory and non-current assets
• Company accounts and share capital
• Cash flows and ratios

Course syllabus — 6 lessons

1. Concepts, framework and practices22 min
2. Conceptual Framework and documentation21 min
3. Adjustments to records19 min
4. Accounting for transactions and events22 min
5. Preparing and interpreting statements21 min
6. Professional ethics and IT in accounting21 min

Frequently asked questions

Is ATSWA 2.1 Financial Accounting: Exam Prep free?

Most Skillnaija courses can be started free with a free account: your first two courses are free to start, then one new course each month. Some courses are paid; the course page in the app shows whether ATSWA 2.1 Financial Accounting: Exam Prep is one, and its price, before you pay. You can also buy any course on its own for twelve months, or open every course with the All-Access Pass. Certificates are never sold: you earn one by passing the course's project.

How long does ATSWA 2.1 Financial Accounting: Exam Prep take to complete?

4 weeks · ~3 hrs/week. There are 6 lessons, about 2 hours of material in total. You learn at your own pace and your progress is saved.

Do I need any experience to start ATSWA 2.1 Financial Accounting: Exam Prep?

Professional exam. You can start from scratch — no prior experience is assumed.

What will I learn in ATSWA 2.1 Financial Accounting: Exam Prep?

You will build practical skills in Accounting framework and IFRS basics, Final accounts and adjustments, Inventory and non-current assets, Company accounts and share capital, Cash flows and ratios. Every lesson is written for a Nigerian context, with examples drawn from how the work is actually done and paid for here.

Do I get a certificate for ATSWA 2.1 Financial Accounting: Exam Prep?

Yes, but it has to be earned. You complete the course project and submit it for grading. Passing the project issues a verifiable certificate; finishing the lessons alone does not.

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