Technical articles

Financial Accounting (FA) was previously known as F3 Financial Accounting. All exam resources listed as F3 can be used for studying FA, as the syllabus and content of the exam has not changed.

Financial Accounting (FA)

Discounts
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.

Cash flow statements
This article considers the statement of cash flows of which it assumes no prior knowledge and explains how to calculate cash flows and where those cash flows are presented in the statement of cash flows.

Preparing a group statement of financial position
Tom Clendon, a lecturer at FTMS in Singapore, provides a brief overview.

Preparing simple consolidated financial statements 
This article focuses on some of the main principles of consolidated financial statements that an F3/FFA candidate must be able to understand and provides examples of how they may be tested in multiple-choice questions.

Trade receivables and revenue
Trade receivables, irrecoverable debts and allowances for receivables.

Adjustments to financial statements
How to treat the main possible post trial balance adjustments.

Study support videos

F3/FFA MTQ advice
Libby Morris from BPP explains the changes to the computer-based exams taking effect in 2014, focusing on F3.
Cannot access Youtube? Watch it here

Advice for students retaking exams
This video is about turning your exam fail into a pass at your next attempt. It suggests ways to reflect on where you went wrong, how to draw up an effective study plan, and practising exam questions.

Syllabus updates

Examiner's guidance: FA/FFA exam structure
The exam format for FA/FFA for the computer-based exam comprises two sections: Section A containing 35 objective questions for two marks each and Section B containing two multi-task questions for 15 marks each.

Exam technique

F3 – A guide to using the examiner’s reports
Guidance to help you if you are taking the F3 exam for the first time as this takes you through how to use the examiner’s reports as part of your revision phase as directed by the study-support guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

F3 – A guide to reflection for retake students
Guidance to help you if you are retaking the F3 exam as this takes you through the process of reflection using the examiner’s reports as directed in the retake guides. This document will help you to understand how you should be using the examiner’s reports to make the best use of them.

How to answer multiple-choice questions
Answering MCQs successfully requires you to develop a range of skills and exam techniques. Taking the steps set out in this article will help you to maximise your marks.

Computer-based exams
This article considers the benefits of computer-based exams (CBEs), highlights the points that you need to be aware of when completing ACCA's current CBEs, and looks at the different types of questions.

How to prepare for Knowledge module exams
This article identifies some key steps in preparing Knowledge module exams and briefly discusses the wide range of resources available on the ACCA website, provided as guidance for students.

Exam support resources

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