Description
In ACCA FFA Financial Accounting (formerly F3) you will learn the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double entry accounting techniques, including the preparation of basic financial statements.
About the Lecturer
Marta Majnusz has recently been enrolled as a member having initially commenced her studies with ACCA Certified Accounting Technicians. During her study progression she successfully gained a third place achievement in Ireland in taxation (F 6), second in financial management (F 9) and a first place in P 2 (now SBR).
Why choose PAT for your ACCA exam preparation?
- We are an ACCA Gold Approved Learning Partner
- You can access lecturers from anywhere; lectures will be streamed live online from our Dublin City Centre classrooms
- We have a unique exam-focused approach with a combination of lectures, revision days and exam preparation sessions (EPS’s)
- Through regular mock exams and corrected homework, our lecturers will offer structured feedback and support
- You’ll receive access to tuition materials online as well as recordings of the lectures
- Sitting a CBE assessed paper for the first time? Our exam-focused approach will get you CBE-ready
ACCA FFA Financial Accounting Syllabus & Exam
Aim
The aim of ACCA FFA Financial Accounting (formerly F3) is to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements.
Objective of the Syllabus
- Explain the context and purpose of financial reporting
- Define the qualitative characteristics of financial information
- Demonstrate the use of double-entry and accounting systems
- Record transactions and events E. Prepare a trial balance (including identifying and correcting errors)
- Prepare basic financial statements for incorporated and unincorporated entities.
- Prepare simple consolidated financial statements
- Interpretation of financial statements
Exam Format
The ACCA FFA Financial Accounting syllabus is assessed by a two hour paper-based or computer-based examination. Questions will assess all parts of the syllabus and will test knowledge and some comprehension or application of this knowledge. The examination will consist of two sections. Section A will contain 35 two mark objective questions. Section B will contain 2 fifteen mark multi-task questions. These will test consolidations and accounts preparation. The consolidation question could include a small amount of interpretation and the accounts preparation question could be set in the context of a sole trader or a limited company.
To read more about FA please click here.
