What is F3 Financial Accounting (FA)?
The F3 Financial Accounting (FA) course introduces ACCA candidates to financial reporting, basic consolidation accounting, and ratio analysis for the first time.
The main goal of the Financial Accounting Paper is to help students understand the underlying principles, regulations, and concepts of financial accounting and the double entry bookkeeping system.
Syllabus of Financial Accounting (FA)
The Financial Accounting (FA)/FFA syllabus introduces the applicant to the basic regulatory framework concepts relating to account preparation and the qualitative characteristics of useful information.
The curriculum then moves on to financial statement drafting and accounting principles. Furthermore, the syllabus delves deeply into the recording, processing, and reporting of business transactions and events.
The syllabus then covers the use of the trial balance and how to identify and correct errors, as well as the preparation of financial statements for incorporated and unincorporated entities.
The syllabus then moves in two directions, requiring candidates to first perform a fundamental interpretation of the financial statements and, second, to prepare simple consolidated financial statements from the individual financial statements of the group's constituent entities.
How to pass the ACCA F3 Financial Accounting (FA) exam?
The F3 ACCA exam will last two hours and will cover the entire syllabus.
Section A will include 30 objective test questions worth two marks and 16 questions worth one mark, while Section B will include 6 multi-task questions worth four marks each, covering the six areas of the aforementioned syllabus.
To pass the ACCA foundation level exam, you must obtain a score of 50% or higher, which is more than achievable with proper preparation.
 - STUDY TEXT and EXAM KIT){kind=link}
0 Comments