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Financial Accounting
Learn the underlying principles and concepts of financial accounting, accounting techniques and the preparation of basic financial statements. You’ll demonstrate technical proficiency in the use of double-entry techniques, including the preparation and interpretation of basic financial statements for sole traders, partnerships, companies and simple groups of companies.
2 Hours
50/100
Online
On Demand
ACCA FA Syllabus
A. The context and purpose of financial reporting
- The scope and purpose of financial statements for external reporting
- Stakeholders’ needs
- The main elements of financial reports
- The regulatory framework
- Duties and responsibilities of those charged with governance
B. Accounting principles, concepts and qualitative characteristics
- The qualitative characteristics of financial information
- Qualitative characteristics of useful financial information
C. The use of double-entry bookkeeping and accounting systems
- Double-entry bookkeeping principles including the maintenance of accounting records
- General ledger accounts and journal entries
D. Recording transactions and events
- Sales and purchases
- Cash
- Inventories
- Tangible non-current assets
- Depreciation
- Intangible non-current assets and amortisation
- Accruals expenses (accruals), prepaid
expenses (prepayments), accrued
income, and deferred income - Receivables and payables
- Provisions and contingencies
- . Capital structure and finance costs
E. Reconciliations
- Bank reconciliations
- Trade payables account reconciliations
F. Preparing a trial balance
- Trial balance
- Correction of errors
- Suspense accounts
G. Preparing financial statements
- Statement of financial position
- Statement of profit or loss and other comprehensive income
- Disclosure notes
- Events after the reporting period
- Statement of cash flows (excluding partnerships)
H. Preparing basic consolidated financial statements
- Subsidiaries
- Associates
I. Interpretation of financial statements
- Importance and purpose of analysis of financial statements
- Ratios
- Analysis of financial statements
ACCA FA Paper Pattern
Section A (70 marks)
Section B (30 marks)
35 Objective Test Questions (OTQ’s) x 2 marks each
2 Multi-Task Questions (MTQ’s) x 15 marks each
ACCA FA Coaching with a Difference
We often get 100/100 marks for the student-friendly approach
Interactive Study Lectures
Revision Tests and Mock Exams
Recorded Revision Sessions
Doubt Solving Bootcamps
1:1 Mentorship and Support
100% Placement Assistance
Modes of Learning
ACCA Classroom Coaching. Redefined.
- World Class Infrastructure
- Expert Tutors
- Hands on Learning
- Rigorous Assessments
- One on One Mentoring
- Revision & Doubt Solving Bootcamps
- Synthesis eCampus
- Systematic Student Progression
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ACCA Live Online Courses. Redefined.
- Live Study Lectures
- Expert Tutors
- Rigorous Assessments
- Regular Mentoring
- Revision & Doubt Solving Bootcamps
- Synthesis eCampus
- Revision Video Lectures
- 100% Placement Assistance
ACCA Self-paced Online Courses. Redefined.
- Video Lectures
- Progress Tests
- Energisers
- Practice Tutorials
- Personalised Study Plan
- Kaplan Content
- Full Pass Guarantee
- Study Anytime, Anywhere
- PC, Tablet, & Phone Compatible
- ACCA Approved
Your ACCA Journey
Knowledge Level
Skills Level
Professional Level
- Essentials
- Strategic Business Reporting - INT (SBR-INT)
- Strategic Business Reporting - UK (SBR-UK)
- Strategic Business Leader (SBL)
- Optional (any 2)
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
- Advanced Audit & Assurance (AAA)
Frequently Asked Questions
We know you're excited, and with lots of questions to get started with ACCA FA Course
What is FA in ACCA? / What is the FA exam for ACCA?
FA in ACCA refers to Financial Accounting, which is one of the knowledge level papers of ACCA. It covers topics such as the preparation of financial statements, accounting for assets, liabilities, and equity, and the interpretation and analysis of financial statements. The FA exam aims to equip candidates with the skills necessary to apply financial accounting standards and principles in the preparation and presentation of financial statements for various entities.
What is ACCA financial accounting?
FA in ACCA refers to Financial Accounting, which is one of the knowledge level papers of ACCA. It covers topics such as the preparation of financial statements, accounting for assets, liabilities, and equity, and the interpretation and analysis of financial statements. The FA exam aims to equip candidates with the skills necessary to apply financial accounting standards and principles in the preparation and presentation of financial statements for various entities.
Is ACCA F3 easy?
The difficulty level of ACCA FA (Financial Accounting) can vary for individuals depending on their prior knowledge and experience in accounting. It covers a wide range of topics and requires a strong understanding of accounting principles and standards. With proper preparation, practice, and understanding of the syllabus, it is possible to excel in the exam. However, dedication, consistent studying, and practice are essential to overcome the challenges posed by the subject.
Is ACCA F3 difficult?
The difficulty level of ACCA FA (Financial Accounting) can vary for individuals depending on their prior knowledge and experience in accounting. It covers a wide range of topics and requires a strong understanding of accounting principles and standards. With proper preparation, practice, and understanding of the syllabus, it is possible to excel in the exam. However, dedication, consistent studying, and practice are essential to overcome the challenges posed by the subject.
Is ACCA FA easy?
The difficulty level of ACCA FA (Financial Accounting) can vary for individuals depending on their prior knowledge and experience in accounting. It covers a wide range of topics and requires a strong understanding of accounting principles and standards. With proper preparation, practice, and understanding of the syllabus, it is possible to excel in the exam. However, dedication, consistent studying, and practice are essential to overcome the challenges posed by the subject.
Is FFA the same as FA on ACCA?
FA stands for financial accounting, which is a component of Knowledge level in the ACCA professional qualification. FFA, on the other hand, refers to Foundation in Financial Accounting & is appeared by students who enter the ACCA qualfiication using the Foundation Route.. It is important to note that both subjects share the same syllabus and are equivalent.
What is the pass mark for ACCA FA?
To pass ACCA FA, candidate needs to score minimum 50%.
How long is the ACCA FA exam?
ACCA FA exam has a duration of 2 hours. It is a Computer based exam (CBE) which consists of multiple choice questions.
