Technical articles

Technical articles

The accounting equation
This article will help you to understand what the accounting equation is and how it relates to the application of double entry bookkeeping.

This article considers the application of IFRS 15, Revenue from Contracts with Customers and the impact it will have on accounting for prompt payment discounts.
While it is most relevant to FA/FFA, those studying FA1 and FA2 will also see prompt payment discounts, but the underlying detail of IFRS 15 will be less relevant

Process for preparing financial statements
Relevant from September 2023
This article should be read in conjunction with the article ‘Computerised accounting systems – rationale for change’ (see 'Related links'), which details ACCA’s reasons for amending the FA1, FA2 and FFA/FA syllabuses to replace references to manual, paper-based accounting systems with computerised accounting systems from September 2023.

Sales and purchases in a computerised accounting system
Relevant from September 2023
This article explores a simple sale/purchase transaction and considers how the accounting records would be updated for each entity in the transaction.

Supplier statement reconciliations
Relevant from September 2023
This article discusses the reasons for maintaining accurate records of transactions with individual suppliers and outlines how reconciliations can be used to identify errors in accounting records.

Exam technique

How to prepare for on-demand computer-based exams (FIA exams)
This article will guide you on the skills and exam techniques required in preparing for on-demand CBEs for FIA exams.

Five steps to multiple-choice success
A five-step approach to answering multiple-choice questions.

Exam support resources

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