All questions in the exam are compulsory. The exam contains 35 objective test (OT) questions which are each worth 2 marks. There are also two 15-mark multi-task questions (MTQ). The exam is a computer-based exam. The MTQs cover financial statements preparation for either a sole trader or a company, (statement of profit or loss, statement of financial position, statement of cash flows and the statement of changes in equity) and group accounting.
Candidates and tuition providers are advised to regularly review the syllabus guidance published on the ACCA website.
Yes. IFRS15 Revenue from Contracts with Customers is listed as an examinable document for FA and it will be applied when looking at how to account for sales.
No. Although IFRS16 Leases was issued in January 2016, it is not examinable in FA. It is an examinable document for FR and SBR.